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Up 200% in 2023, Could DraftKings Stock Double in 2024?

Despite being up 200% in 2023, there still is plenty of upside ahead.

By Neil Rozenbaum – Dec 18, 2023 at 10:52AM EST

In this video, I will talk about DraftKings (DKNG 0.09%), one of the highest-conviction stocks in Cathie Wood's Ark Invest portfolio. The stock is up 200% this year and could double from today's price in 2024.

*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 18, 2023.

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Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

DraftKings Stock Quote
DraftKings
NASDAQ: DKNG
$22.23
(-0.09%)-$0.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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