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DraftKings Showing NFL-Powered Strength ($DKNG)

September 16, 2021

DraftKings Showing NFL-Powered Strength ($DKNG)

Since the federal legalization of sports gambling in 2018, online sports wagering has become a massive emergent market in the United States -- DraftKings (DKNG) is one of our favorite companies in this growing industry. DraftKings Purchase Intent Mentions are handily outperforming the generic sports betting trend, up +46% QoQ and +17% YoY on a 30-day moving average.

In July, we doubled-down on our long-term outlook with a bullish opportunity alert...DKNG shares have gained +37% since then, but they remain -19% below the 2021 ATH.

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LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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