 Hello everyone in this video. We're going to talk about draft King's stock Which why I think it could double in the next few months. I think it's got a huge potential to double And there's a lot of reasons as to why it could double. We're gonna go through that We're gonna go through some recent updates with draft King some recent big news and We'll go through the potential is stock and what the potential could be for the future. Okay So let's go through this now So draft King's stock could double and here's why so this is what we'll do and we'll get right into it First got to say obviously. I'm not a financial advisor I'm a business teacher in my daily life But I'm by no means an expert on the stock market And if you could leave the video a like that helps open the YouTube algorithm helps it get up into the search results And that'd be fantastic if you if you can do that But let's get right into this just to respect your time here So first of all We've got an article here, and I'm gonna read up to out some some of these stock news news articles and recent research that we found But then I'm also going to give some analysis and some thoughts and some Genuine positions as to where I think it could be going so draft King's stock could win big in January So this this particular analyst is saying that draft Kings has seen a lot of bullish options in the month of December The bets are likely due to talks that more states will allow online betting. Yep So as we see in the US states there is this progression towards more states Allowing online betting and of course as more states do this this opens up the potential market for draft Kings To go into those states and obtain more of you know profitability sales and market share and Particularly if they've got a nobody's talking about this They've talking about that what I've just mentioned, but they're not talking about so one thing that you also got to think about is our Draft Kings strategically positioned to go into those marketplace As opposed to their competition and the fact of the matter is they are they are incredibly strategically orientated as a company and you know as the states open up these Bit online betting there's going to be draft Kings that that's going to be one of the first movers into some of these states And and that is obviously really good because it's getting themselves as a company established in those states as Opposed to other companies as well. Hope that makes sense So the stock isn't cheap though. It has had a massive run-up. Okay, rightfully so, right? It has had a massive run-up in the past month two months and you know It's it has run-up and I can see people's reluctance to get into it now because of its run-up But you have to look at the core fundamentals behind that run-up and as to whether that is going to Even go even further. I do agree obviously not to get firmer fear of missing out With stocks, but I think because of the core fundamentals of this stock because of the Ecosystem around the stock and some of the information and really important updates. I'm going to go through today with you I think that this has got potential Okay, so draft Kings could be heading much higher in the coming weeks Based on rather large options bets Additionally, the sales outlook is likely to improve especially if more states make online betting widely available Absolutely, it's a fair observation Now that many states face revenue shortfalls due to the coronavirus pandemic and wider budget deficits They there may be a push towards to fill in that gap online betting could be the only source for that That's interesting because you know that there's maybe a revenue generator from this as well And ultimately as well when well, I'll get into one of the point that I want to mention later, but let's go through this So New York could be one of those states have believed in the neighboring states like Massachusetts, Connecticut and Ohio could fall as soon The prospects of more states coming online could be one reason why analysts have been raising their sales estimates for the company over the past six months analysts now see Sales rising by more than double by 2022 to 1.2 billion from its current revenue of 551 million So yeah, so as more states open it up open up then the more potential revenue for draft Kings and The better potential for the stock price because of that. Okay, and that's what the way we're going to think about things so just another quick article here so it and And this is interesting It is only a small part of an overall strategy, but I like what they're doing here And I just thought it was like quite noteworthy Obviously, they're not doubling based upon this but I think that you know, they're really thinking about how can they? You know get people involved here in the company and get people to You know use this company more and they're really thinking about this So draft King launches branded gift cards for the holidays So they've introduced branded gift cards. Okay, and this is for the fantasy, you know for the fantasy of sports betting leader And they've got 25 and $50 gift cards So from this, you know, if they're going to give a gift card to a relative example Then they're going to maybe start using this service more and then that's going to help spread through word of mouth So that's an interesting way of building You know exposure to the business without having to actually spend loads of money on marketing They are doing that because they need to they need to spend money on marketing to be Build their brand awareness, but this is a very interesting way And it's it's nice to see that they're sort of on the ball with these sort of strategies And capitalizing on seasonal events and and they seem very kind of clued up with what they're doing Another couple of important areas is is the recent partnerships that happen in and this is just going to continue to happen and snowball They're building up so many different partnerships with different sports teams You know and different Partnerships that happening and this is happening on a constant basis here But there's a lot of big news coming out whereas there's a lot of Partnerships that have been made recently And going forward so you've got the Detroit Detroit pistons and DraftKings announcing a new deal Okay, to the sports technology and entertainment company the exclusive official daily fantasy sports partner as well as the official Sports betting and I gaming partner of the NBA team So ultimately there they're having that exclusivity element as a brand DraftKings are and they're building up these partnerships Obviously, this is just this is Detroit pistons, but they are building up Partnerships with other teams and other other and you know sporting events there Another one here DraftKings teams with Trilla to become the first official sports betting partner of Mike Tyson versus Roy Jones Junior boxing match So this is this is another big sort of partnership that's happening where there are the official Partners and this is just adding to the credibility of DraftKings as a market leader or trying to be a market leader In this particular industry and that is key to what they're doing here And they're always building up these partnerships And there's a there's a common theme here and this is the big news that the building up massive partnerships here So so upcoming sports boxing match boxing match there Okay, and Viewers of this fight will be at the forefront forefront of a premier and customer first event that pits to Generatially dominant boxing chance against one another whilst also integrating DraftKings branding and exclusive sportsbook data in a seamlessly second screening Experience so this is not just any sort of sponsorship You know where you know with just let's just plaster the logo a little bit on the side of something This is a very interactive Partnership which is very valuable there. So so let's think of it in that way as well But ultimately it is building the brand, you know the brand is going to be plastered everywhere on this on this Because of this partnership, which is brilliant. And there's you know, obviously with that there is there is More people are going to hear about DraftKings. It builds up the brand awareness in the Forefront of the customers mind. It's reaching different segments as well, you know, because they're in You know sports betting in terms of football and they're in sports betting in different sporting, you know industries Shall we say so they're building and expanding upon their target market? They're not just targeting say boxing fans or targeting say football fans they've got a wide red diversified approach into building these partnerships and That is something they're not not many people are talking about and I think it's an important point to mention, you know It's they're expanding the market potential by having a diverse range of partnerships across all different Sort of industries and and within the sports sector okay So why do I think that this stock is going to increase a lot and I think that it is going to I Think it like I say, it's got the potential to double It's got the potential to double but even then I think that certainly You know, I'm not a finance advisor. I'm a business teacher, but I'm by no means an expert on the stock market We've got to say that disclaimer Even if it doesn't double I think it's got a chance to at least, you know Go up 20 to 30 percent, which to be fair is still a decent Increase I think in the next few months. It's either going to double or you know Go up to where it currently is at currently is that in terms of 20 to 30 percent Increase or something like that But again potential to double I think that it has got the core fundamentals here It's got the core strategy. It's building the relationships up. There's a lot of good positives for the company So I think that this stock's going to do good My only concern is it's obviously the run-up that it's already had so we may see some pullback at some stage So that it may go down a little bit in the future But I think in terms of the longer term potential particularly let's say one to two years This certainly is going to go up from what it's currently at and potentially double But certainly within the next few months probably up by 20 to 30 percent But why so why so one of the reasons I've mentioned there and I don't want to you know Go through this again too much because I've already mentioned this huge brand awareness push So is that they're building this you know brand up there? They're really trying to solidify themselves as a core brand in this area. Okay, you've got the credibility aspect So by partnering with loads of teams then they're building up credibility as a you know sports betting company Okay, and credibility is important nobody's talking about this credibility is important because it's trust right people want to feel that They can trust the company And and by building credibility you actually build trust. Yeah, so something to think about And then there's some sports events get back to normal this could impact revenue So for example that you know if we get more you know in the next few months We get more sporting events back to sort of normal as as as there was before Okay If that happens There's there's more kind of like live audiences Then you could see a you know a spike in viewership as well as we get more live audiences as well I said there'll be more viewers and then from the more viewers There's gonna be more people seeing the advertisements of draft Kings. So that impacts their brand awareness So as we get back to normal sporting events and the viewership hopefully increases within the sporting events again I've been speculative, but it's probably accurate There's going to be more viewers. There's more viewers. There's more people seeing the advertisement of draft Kings there So something to consider More people seeing the advertisement and knowing about draft Kings the more potential for them to go and use the service Okay And then also more states are approving gambling as well And that is the core point that a lot of people are making There but Combined with that where a lot of people aren't making this point is the fact that There they've draft Kings have got a good strategic position. They're building their brands to be maybe One of the first movers into the states that do approve it And they're ultimately build their themselves as one of the market leaders One of the market leaders in that industry So that's that's it, you know, it's not just the fact that they're approving this in certain states It's okay after they've approved this how are draft Kings going to build a strategy to do that? So so it's you got to think about this from like a multi-dimensional Sort of from different perspectives Anyways, hopefully this video was somewhat helpful in any sort of way if it was Please leave the video a like because it just gets it up into the youtube algorithm I'm a small youtube channel again. Not an expert in the stock market. I'm just a business teacher, but um, you know Please like the video because it really helps the channel out I'm trying to build towards kind of 2000 subscribers as fast as we possibly can So if you like the video and subscribe that'll be fantastic and I'll see everybody when I make some more videos