DraftKings (DKNG) Valuation Check After Robinhood’s New Prediction Market Challenge
DraftKings (DKNG) slipped after Robinhood rolled out new prediction market features that squarely target the same opportunity DraftKings has been lining up, putting fresh scrutiny on its growth runway and competitive moat. See our latest analysis for DraftKings. The 2.95% one day share price drop to $34.54 comes after a choppy stretch, with a strong 30 day share price return of 16.77% but a weaker year to date share price return and a 12 month total shareholder return of minus 15.18%,...