Where Will DraftKings Stock Be in 5 Years?
(NASDAQ: DKNG) has been a great stock to own over the past year, with the stock up over 55% during that period. However, it's not hard to imagine that the best days are still ahead for the company and its shareholders.
The stock has always been a play on states' continued legalization of online sports and casino betting. This has steadily played out, with Vermont and North Carolina the latest to legalize sports betting.
However, three of the largest states remain in play -- California, Texas, and Florida have not fully legalized online sports betting. Florida has legalized online sports betting solely for the Seminole Tribe, although that action is being challenged in court. Texas, meanwhile, nearly passed online sports betting previously, and there is chance the state could legalize it when its legislature next meets in 2025.
Source Fool.com
DraftKings Inc. Stock
The stock is one of the favorites of our community with 83 Buy predictions and 2 Sell predictions.
As a result the target price of 46 € shows a positive potential of 28.51% compared to the current price of 35.8 € for DraftKings Inc..
