Tag: David Katz
Optimism ‘moderate’ in face of bear market for online sports betting stocks, analyst says
15 April 2026 at 12:27pm UTC-4
Online sports betting and igaming stocks are down 35% this year, according to Jefferies Equity Research analyst David Katz.
Katz explained that “our optimism for 1Q26 ...
Prediction markets run backlash risk, Jefferies analyst says
1 April 2026 at 3:39pm UTC-4
Although prediction markets have seen rapid adoption in the US, they court the peril of legal resistance and adverse court decisions in 2027. At present, they’re the ...
Penn Entertainment and ESPN terminate agreement; operator’s OSB business to rebrand at theScore Bet
6 November 2025 at 8:23am UTC-5
Penn Entertainment’s earnings calls have been known to include breaking news.
Whether it’s an agreement to buy Canadian-based theScore in 2021, the acquisition of Barstool ...
Sportradar sees gains in revenue, cash flow
5 November 2025 at 12:08pm UTC-5
Revenues for Sportradar grew 14.5% in the third quarter, reaching €292.1 million, in results released on 5 November.
Thanks to what Chief Financial Officer Craig Felenstein ...
Analyst sticks by DraftKings, despite dip
1 October 2025 at 12:36pm UTC-4
Evidently unconcerned by record levels of Kalshi trading volume around a Monday Night Football doubleheader, one analyst was placing a “Buy” rating on DraftKings. Jefferies ...
Flutter, FanDuel “on the sidelines” of prediction-market scrum, legal expert says
16 September 2025 at 11:59am UTC-4
Prospects for traditional sports books in a prediction-market world are mixed, according to legal expert Daniel Wallach. His view was described as that online sports betting ...
Analyst: New Jersey trial a win-win for DraftKings, FanDuel
12 September 2025 at 11:44am UTC-4
Whatever the outcome of a trial in New Jersey, its result favors both DraftKings and FanDuel parent Flutter Entertainment, Jefferies Equity Research analyst David Katz concluded ...
DraftKings boosted by in-play betting, analyst says
9 September 2025 at 5:08pm UTC-4
Jefferies Equity Research analyst David Katz perceived “strengthening trends around in-play betting,” or proposition bets, which he called a positive for DraftKings in ...
Sportradar posts ‘solid’ second quarter, Jefferies analyst says
5 August 2025 at 3:50pm UTC-4
Sportradar “delivered a solid beat and raise” in its second-quarter earnings, according to Jefferies Equity Research analyst David Katz. He credited rapid US-derived revenue ...
Higher taxes to crimp DraftKings earnings but not Rush Street’s, Jefferies analyst says
3 July 2025 at 12:15pm UTC-4
New, state-level tax increases and the cost of entering the prediction markets will be a squeeze on DraftKings’ revenue in the near future. That’s the forecast of Jefferies ...
