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DraftKings’ stock rockets as earnings ‘send a powerful message’

Por: MarketWatch Business February 17, 2023

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See more: The latest results sat well with BTIG analyst Clark Lampen, who upgraded the stock to buy from neutral Friday, citing the potential for improving profit trends going forward. “A divergence in player adoption and marketing cost trends has driven upside vs. Ebitda expectations throughout ’22, and we expect the same pattern to persist in ’23,” he wrote, referring to earnings before interest, taxes, depreciation and amortization.... + full article



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