Based on ratings from 24 stock analysts, the DraftKings Inc stock price is expected to increase by 12.59% in 12 months. This is calculated by using the average 12-month stock price forecast for DraftKings Inc. The lowest target is $28.00 and the highest is $55.00. Please note analyst price targets are not guaranteed and could be missed completely.
About 24 Wall Street analysts have assignedDKNG 21 buy ratings, 2 hold ratings, and 1 sell ratings. This means that analysts expect DraftKings Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on DKNG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
zachary warring CFRA | Hold | $42.0 | downgraded | Feb 16, 2024 |
brandt montour Barclays | Hold | $41.0 | maintained | Feb 15, 2024 |
carlo santarelli Deutsche Bank | Hold | $31.0 | maintained | Nov 14, 2023 |
jack cummings Berenberg Bank | Hold | $33.5 | maintained | Oct 25, 2023 |
michael nathanson SVB Securities | Hold | $15.0 | maintained | Feb 6, 2023 |
andrew tam cfa Redburn Partners | Hold | $19.0 | initiatedcoverage | Oct 12, 2022 |
john decree CBRE | Hold | $18.0 | maintained | Aug 8, 2022 |
benjamin miller cfa Goldman Sachs | Hold | $44.0 | reiterated | Mar 4, 2022 |
shaun kelly Bank of America Securities | Hold | $70.0 | reiterated | Mar 10, 2021 |
eric sheridan Goldman Sachs | Hold | $65.0 | maintained | Mar 1, 2021 |
jared shojaian Wolfe Research | Hold | None | reiterated | Mar 1, 2021 |
brad erickson RBC Capital | Hold | None | rated | Feb 10, 2021 |
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. In addition, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. The company is headquartered in Boston, Massachusetts.
When did it IPO
2019
Staff Count
4,400
Country
United States
Sector/Industry
Consumer Cyclical/Gambling
CEO
Mr. Jason D. Robins
Market Cap
$19.08B
In 2023, DKNG generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that DKNG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
$80.04
LPLA-USD
$257.66
$63.88
ALNY-USD
$162.81
EXPE-USD
$134.64
ENTG-USD
$134.34