12 Month Price Forecast For DKNG
Distance to DKNG Price Forecasts
DKNG Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 5:48 AM UTC
DKNG Analyst Ratings & Price Targets
Based on our analysis of 38 Wall Street analysts, DKNG has a consensus that is bullish. The median price target is $53.00, with forecasts ranging from $33.00 to $77.00. Currently, there are 29 Buy ratings, 7 Hold ratings, and 0 Sell ratings.
With DKNG currently trading at $40.98, the median price forecast suggests a 29.3% upside. The most optimistic forecast comes from at , projecting a 87.9% upside, while at provides the most conservative target, suggesting a -19.5% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
DKNG Analyst Consensus
DKNG Price Target Range
Latest DKNG Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for DKNG.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 13, 2024 | JP Morgan | Joseph Greff | Overweight | Maintains | $53.00 |
| Nov 12, 2024 | TD Cowen | Stephen Glagola | Buy | Maintains | $55.00 |
| Nov 11, 2024 | Needham | Bernie McTernan | Buy | Reiterates | $60.00 |
| Nov 11, 2024 | Barclays | Brandt Montour | Overweight | Maintains | $50.00 |
| Nov 11, 2024 | JMP Securities | Jordan Bender | Market Outperform | Maintains | $52.00 |
| Nov 11, 2024 | Macquarie | Chad Beynon | Outperform | Maintains | $51.00 |
| Nov 8, 2024 | Needham | Bernie McTernan | Buy | Reiterates | $60.00 |
| Oct 22, 2024 | Morgan Stanley | Stephen Grambling | Overweight | Maintains | $48.00 |
| Oct 18, 2024 | Mizuho | Ben Chaiken | Outperform | Maintains | $62.00 |
| Oct 17, 2024 | Wells Fargo | Daniel Politzer | Overweight | Maintains | $52.00 |
| Oct 16, 2024 | BMO Capital | Brian Pitz | Outperform | Reiterates | $48.00 |
| Oct 14, 2024 | JMP Securities | Jordan Bender | Market Outperform | Reiterates | $51.00 |
| Oct 7, 2024 | Susquehanna | Joseph Stauff | Positive | Maintains | $50.00 |
| Oct 7, 2024 | Benchmark | Mike Hickey | Buy | Reiterates | $44.00 |
| Oct 4, 2024 | Barclays | Brandt Montour | Overweight | Maintains | $45.00 |
| Sep 26, 2024 | JP Morgan | Joseph Greff | Overweight | Maintains | $54.00 |
| Sep 23, 2024 | Needham | Bernie McTernan | Buy | Reiterates | $60.00 |
| Sep 16, 2024 | Needham | Bernie McTernan | Buy | Reiterates | $60.00 |
| Sep 11, 2024 | Morgan Stanley | Stephen Grambling | Overweight | Reiterates | $47.00 |
| Sep 9, 2024 | Needham | Bernie McTernan | Buy | Reiterates | $60.00 |
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DraftKings Inc (DKNG) Financial Data
DraftKings Inc has a market capitalization of $19.45B with a P/E ratio of -23.7x. The company generates $4.61B in trailing twelve-month revenue with a -9.1% profit margin.
Revenue growth is +38.7% quarter-over-quarter, while maintaining an operating margin of -24.8% and return on equity of -44.4%.
Valuation Metrics
Growth & Margins
Financial Health
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DraftKings Inc (DKNG) Company Overview
About DraftKings Inc
Digital sports entertainment and gaming provider.
The company generates revenue primarily through online sports betting and casino operations, daily fantasy sports, and retail sportsbooks. Additionally, it earns income from its software design and development services for sports betting and casino gaming, and through its digital collectibles marketplace, which offers NFTs and facilitates secondary-market transactions.
Founded in 2012 and headquartered in Boston, Massachusetts, the company has expanded its offerings to include a range of consumer products in the gaming sector, positioning itself as a leader in digital sports entertainment both in the U.S. and internationally.
Company Information
Sector
Consumer Cyclical
Industry
Gambling
Employees
4,400
CEO
Mr. Jason D. Robins
Country
United States
IPO Year
2020
Website
www.draftkings.comDraftKings Inc (DKNG) Latest News & Analysis
DraftKings (DKNG) is currently attracting significant interest from Zacks.com users, prompting a closer look at its stock performance and outlook.
Increased interest in DraftKings (DKNG) suggests potential volatility and investment opportunities, indicating market sentiment that could influence stock performance.
DraftKings (DKNG) closed at $39.29, reflecting a decline of 0.98% from the previous trading day.
DraftKings' slight decline signals potential volatility, affecting investor sentiment and future trading strategies. Market trends can influence investment decisions and stock valuations.
Senator Richard Blumenthal has called on Delta Air Lines and DraftKings to stop their partnership for in-flight gaming services.
Senator Blumenthal's call to halt Delta and DraftKings' partnership may signal regulatory scrutiny, potentially impacting future revenue streams and stock performance for both companies.
DraftKings is considered undervalued due to its strong growth trajectory and increasing market share in the gaming industry.
DraftKings' undervaluation suggests potential for price appreciation, driven by strong growth and increasing market share, signaling a compelling investment opportunity.
Postseason football begins with the NFL divisional round on January 19 and the college football national championship on January 20.
Postseason football boosts viewership and advertising revenue, positively impacting sports-related investments and companies like broadcasters and sponsors.
ValuEngine's Top 10 Stocks For 2025
8 days agoValuEngine's latest stock selection for 2025 includes 10 stocks rated 5 (Strong Buy), primarily growth companies, all in the top 50% of their valuation model.
The announcement of a strong-performing portfolio with multiple "Strong Buy" ratings signals potential investment opportunities, particularly in recognizable growth companies.
Frequently Asked Questions About DKNG Stock
What is DraftKings Inc's (DKNG) stock forecast for 2025?
Based on our analysis of 38 Wall Street analysts, DraftKings Inc (DKNG) has a median price target of $53.00. The highest price target is $77.00 and the lowest is $33.00.
Is DKNG stock a good investment in 2025?
According to current analyst ratings, DKNG has 29 Buy ratings, 7 Hold ratings, and 0 Sell ratings. The stock is currently trading at $40.98. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for DKNG stock?
Wall Street analysts predict DKNG stock could reach $53.00 in the next 12 months. This represents a 29.3% increase from the current price of $40.98. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is DraftKings Inc's business model?
The company generates revenue primarily through online sports betting and casino operations, daily fantasy sports, and retail sportsbooks. Additionally, it earns income from its software design and development services for sports betting and casino gaming, and through its digital collectibles marketplace, which offers NFTs and facilitates secondary-market transactions.
What is the highest forecasted price for DKNG DraftKings Inc?
The highest price target for DKNG is $77.00 from at , which represents a 87.9% increase from the current price of $40.98.
What is the lowest forecasted price for DKNG DraftKings Inc?
The lowest price target for DKNG is $33.00 from at , which represents a -19.5% decrease from the current price of $40.98.
What is the overall DKNG consensus from analysts for DraftKings Inc?
The overall analyst consensus for DKNG is bullish. Out of 38 Wall Street analysts, 29 rate it as Buy, 7 as Hold, and 0 as Sell, with a median price target of $53.00.
How accurate are DKNG stock price projections?
Stock price projections, including those for DraftKings Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
