Up 218% in 2023, Is DraftKings Stock a Buy for 2024?

By Parkev Tatevosian, CFA – Dec 20, 2023 at 5:30AM

NASDAQ: DKNG

DraftKings

Market Cap

$20B

Today's Change

(4.96%) $2.04

Current Price

$43.13

Price as of April 26, 2024, 4:00 p.m. ET

DraftKings is expanding to more states and that's good news for shareholders.

Fool.com contributor Parkev Tatevosian highlights the excellent prospects DraftKings (DKNG 4.96%) has in 2024 and answers if that's enough to make the stock a buy for long-term investors.

*Stock prices used were the afternoon prices of Dec. 17, 2023. The video was published on Dec. 19, 2023.

Parkev Tatevosian, CFA 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.

Parkev Tatevosian 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.