DraftKings: Missed The Inflection Point Bottom
- DraftKings has shifted from reporting large losses to achieving EBITDA profits, making the stock more attractive to investors.
- The company forecasts a surge in the total addressable market for sports gaming, with a revenue target of $7.1 billion by 2028.
- The stock is still relatively cheap at ~8.5x the 2028 EBITDA targets without any additional states gaining legalization.
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