Macquarie reiterates DraftKings Outperform rating after second-quarter results
By The Weekly Edge desk ·
Summary
Macquarie analyst Chad Beynon reiterated an Outperform rating on DraftKings after reviewing its second-quarter results on 12 August, reported by CDC Gaming. Beynon cited customer acquisition and sports momentum, while identifying prediction market scaling as faster than expected.
Why it matters
Beynon’s assessment gives investors a view of DraftKings’ prediction market growth alongside its core business performance.