Ark just added DKNG; go long
Ark just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share.
Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting event of the year. They are going to knock the cover off the ball. Expect a lot of options activity around that time which should help to provide a slight gamma squeeze.
Fundamentally, they are beginning to penetrate new markets and take share from the black market as more states legalize. It's truly all downhill from here from Draftkings. Best pureplay on Sportsbetting/Sportsbooks.
If Ark and Cathy Woods a.k.a. the "Money Tree" are throwing their weight and reputations behind DKNG, I would NOT hesitate to follow.
Buy under: $65
Midpoint to sell half: $80.
Long-term price target: $100.
Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting event of the year. They are going to knock the cover off the ball. Expect a lot of options activity around that time which should help to provide a slight gamma squeeze.
Fundamentally, they are beginning to penetrate new markets and take share from the black market as more states legalize. It's truly all downhill from here from Draftkings. Best pureplay on Sportsbetting/Sportsbooks.
If Ark and Cathy Woods a.k.a. the "Money Tree" are throwing their weight and reputations behind DKNG, I would NOT hesitate to follow.
Buy under: $65
Midpoint to sell half: $80.
Long-term price target: $100.
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