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Up 200% in 2023, Could DraftKings Stock Double in 2024?

In this video, I will talk about DraftKings (NASDAQ: DKNG), one of the highest-conviction stocks in Cathie Wood's Ark Invest portfolio. The stock is up 200% this year and could double from today's price in 2024.

*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 18, 2023.

Should you invest $1,000 in DraftKings right now?

Before you buy stock in DraftKings, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and DraftKings wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of December 11, 2023

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.



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