DraftKings Is Down 19% in a Month: Did Bank of America Just Call the Bottom?

Impact · against what's priced in

The BofA upgrade for DraftKings is a modest catalyst as it suggests the market's deep discounting of growth may have overshot, though core margin risks remain. For Flutter and MGM, the news confirms a sector-wide repricing already reflected in their steep monthly declines.

DKNG+0.20

Challenges what's priced in

The price assumes

Revenue growth sustaining in the low-to-mid teens rather than falling to 6%