Latest news with #EricaDenhoff
Forbes
09-04-2025
- Business
- Forbes
DKNG Stock At $32: Buy, Sell, Or Hold?
BOSTON, MA - MARCH 20: A view of the DraftKings Sportsbook logo on the boards during the Hockey East ... More semifinal game between the Boston University Terriers and the UConn Huskies on March 20, 2025, at TD Garden in Boston, MA. (Photo by Erica Denhoff/Icon Sportswire via Getty Images) DraftKings, a top digital sports entertainment and gaming company, has seen its stock decline by 14% over the past month, driven by a broader market downturn linked to tariffs imposed by Trump on key trading partners and growing tensions from the U.S.-China trade war. Our take on the market crash risk right now offers more insights into the tariff situation and its effects on the broader economy. We think DraftKings stock, currently trading at $32, represents a solid buying opportunity. Based on our evaluation, the stock's fair valuation reflects only minor concerns, especially considering its strong operational results and solid financial position. We came to this conclusion by comparing DKNG's current market valuation with its recent and historical operating performance and financial standing. The assessment below covers key metrics such as Growth, Profitability, Financial Stability, and Downturn Resilience, all of which point to the company's inherent strength. When comparing valuation in terms of price per dollar of revenue or profit, DKNG stock is currently valued similarly to the overall market. DraftKings' Revenues have experienced strong growth over the past few years. DraftKings' profit margins remain significantly lower than most other companies in the Trefis universe. DraftKings has a healthy balance sheet. DKNG stock has performed slightly better than the S&P 500 during recent downturns. As investors hope for a soft landing in the U.S. economy, it's worth asking—how severe could the impact be if another recession hits? Our dashboard How Low Can Stocks Go During A Market Crash explores how major stocks have performed during and after the last six market crashes. To summarize, DraftKings' performance across various indicators is as follows: Given DraftKings' solid performance on these fronts—which we believe is not fully captured in its current fair valuation—we see the stock as a compelling buying opportunity. In fact, analysts' average price target of $57 for DKNG suggests a strong 75% upside from current levels. While DKNG stock may see higher levels, the Trefis Reinforced Value (RV) Portfolio, has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics. DKNG Return Compared With Trefis Reinforced Portfolio Invest with Trefis Market Beating Portfolios | Rules-Based Wealth
Forbes
31-03-2025
- Politics
- Forbes
Trump Administration Reviewing $9 Billion In Government Funding For Harvard
The Trump administration announced Monday it has begun reviewing $9 billion in government contracts and grants provided to Harvard University, one of dozens of universities being investigated over antisemitism allegations linked to their handling of pro-Palestinian protests across college campuses last year. The review was announced Monday. (Photo by Erica Denhoff/Icon Sportswire via Getty Images) The Department of Education, Department of Health and Human Services and the General Services Administration said in a joint statement they began reviewing over $255.6 million in contracts and $8.7 billion in grant commitments between Harvard and its affiliates. The statement said the review was being conducted 'to ensure the university is in compliance with federal regulations, including its civil rights responsibilities,' referring to the pro-Palestinain protests that occurred on Harvard's campus last year and resulted in a multi-day encampment standoff between students and the Harvard administration. Secretary of Education Linda McMahon accused Harvard of failing to protect students from antisemitism and 'promoting divisive ideologies over free inquiry.' The statement said Harvard was ordered to submit a list of their contracts with the federal government not included in the Trump administration's initial review, with Sean Keveney, HHS acting general counsel, saying he was 'pleased that Harvard is willing to engage with us on these goals.' Harvard did not immediately respond to Forbes' request for comment. Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text 'Alerts' to (201) 335-0739 or sign up here. The review of Harvard's funding is part of a large-scale investigation by the Trump administration into 60 colleges over accusations of antisemitism. Columbia University was the first school that had its funding targeted by the administration. It lost $400 million in federal funding and later complied with a list of demands from the Trump administration in an attempt to recoup the losses. Columbia issued suspensions, expulsions and temporary degree revocations of some students involved in on-campus pro-Palestinian protests last year, hired 36 'special officers' capable of removing people from campus or making arrests and banned the use of face masks during protests if they are not used for religious or medical reasons. Other universities under investigation include Johns Hopkins, Ohio State University, Stanford University, Yale University, Arizona State University, several schools part of the University of California system and many others. The pro-Palestinian protests across college campuses last year centered around objecting to Israel's invasion of Gaza, which was launched after Hamas killed around 1,200 Isralies in a surprise attack on Oct. 7, 2023, though some of the protests were also marred by antisemitic incidents. Some 45,000 people in Gaza have been killed since the war began, according to estimates from the Hamas-run Gaza Health Ministry, with around 90% of Gaza's population displaced, according to the United Nations Relief and Works Agency for Palestine Refugees in the Near East. Some students in the U.S. also protested against their respective universities' funding ties to Israel. In addition to targeting universities at large, the Trump administration has also revoked visas, detained and sought to deport students linked to pro-Palestinain protests last year, accusing some of directly supporting Hamas. Columbia University graduate and pro-Palestinian activist Mahmoud Khalil is the most high-profile case of the arrests, having been detained by federal agents in early March despite having a valid visa and being a permanent legal resident of the U.S. He remains jailed as of Monday and is still fighting against his deportation. Trump Administration Investigates These 60 Colleges Over Antisemitism Allegations (Forbes) Columbia Agrees To Trump Administration's Demands After Losing $400 Million In Federal Funds (Forbes) Columbia Expels And Pulls Degrees For Some Students Who Occupied Building During Pro-Palestinian Protests (Forbes)
