DraftKings will come good in the long run, say Jefferies analysts
The analysts at Jefferies have gone over DraftKings’ recent first quarter numbers and say “the current risk/reward for DKNG shares is highly favorable” and placed a price target of $33 on the group’s shares. Questions are ever-present whenever DraftKings and its losses are being discussed. The group is a bellwether for the rest on the […]
Exit OSB euphoria, pursued by a bear
Now we know what a bear market feels like once again. The falls suffered across the wider market on Friday and then again on Monday are a reminder that all bull markets – eventually – come to an end. All things must pass, even irrational exuberance. Or should that be, especially irrational exuberance? The financial […]
Stock-based compensation and the fight for talent
Alongside the general tightness in the U.S. labor market, issues around options and share-based awards are having an effect on recruitment in the sector and driving up the cost of new hires. Notable among the recent disclosures was the news that DraftKings had given away a massive $683m in stock-based compensation in 2021. While a […]
US market realities drive push for ‘lighter’ B2B betting solutions
Kambi’s latest quarterly results show the impact that big brands moving their tech stacks in-house is having on sports betting solutions providers. The group’s strategy to develop modular, API-powered solutions is a way to address the situation. The 15% and 25% drops in revenue and turnover experienced by online sports betting solution provider Kambi is […]
Analyst round up: DraftKings Q4s
DraftKings’ fourth quarter results had many investors spooked and its share price target was downgraded from around $40 to $19-$25. The group’s long-term story of growth through scale is taking longer than expected, but most industry analysts remain cautiously optimistic that it will get there. Wagers.com rounds up the key post-Q4 insights and comments. Edward […]