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DraftKings (DKNG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

DKNG Stock Forecast

DraftKings (DKNG) stock forecast, based on 44 Wall Street analysts, predicts a 12-month average price target of $47.77, with a high of $62.00 and a low of $33.00. This represents a 14.01% increase from the last price of $41.90.

$30 $37 $44 $51 $58 $65 High: $62 Avg: $47.77 Low: $33 Last Closed Price: $41.9

DKNG Stock Rating

DraftKings stock's rating consensus is Buy, based on 44 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 30 Buy (68.18%), 12 Hold (27.27%), 2 Sell (4.55%), and 0 Strong Sell (0.00%).

Buy
Total 44 0 2 12 30 Strong Sell Sell Hold Buy Strong Buy

DKNG Forecast vs Benchmarks

TypeNameUpside
StockDraftKings14.01%
SectorConsumer Cyclical Stocks 4.57%
IndustryGambling, Resorts & Casinos Stocks 19.52%
IdeaNFT Stocks Stocks List15.22%
IdeaGaming Stocks List18.10%

Price Target Trends

1M3M12M
# Anlaysts1444
Avg Price Target$54.00$46.50$51.34
Last Closing Price$41.90$41.90$41.90
Upside/Downside28.88%10.98%22.53%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 259217--37
Dec, 249207--36
Nov, 2410227--39
Oct, 24102261-39
Sep, 24102261-39
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 29, 2025John DeCreeCBRE$54.00$41.9028.88%28.88%
Nov 08, 2024Carlo SantarelliDeutsche Bank$33.00$36.51-9.61%-21.24%
Nov 08, 2024Zachary WarringCFRA$46.00$40.1314.63%9.79%
Nov 08, 2024Matt FarrellPiper Sandler$53.00$40.1332.07%26.49%
Oct 18, 2024Jed KellyMizuho Securities$62.00$37.6564.67%47.97%
Sep 10, 2024Alistair JohnsonBNP Paribas$35.00$35.90-2.51%-16.47%
Sep 04, 2024Joseph StauffSusquehanna$48.00$33.6542.64%14.56%
Aug 23, 2024Ryan SigdahlCraig-Hallum$57.00$36.1357.76%36.04%
Aug 15, 2024John StaszakArgus Research$40.00$32.0624.77%-4.53%
Aug 13, 2024Stephen GramblingMorgan Stanley$47.00$29.8557.45%12.17%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 29, 2025CBREBuyupgrade
Jan 14, 2025Morgan StanleyOverweightOverweighthold
Dec 18, 2024Deutsche BankHoldHoldhold
Nov 12, 2024BTIGBuyBuyhold
Nov 12, 2024Cowen & Co.BuyBuyhold
Oct 22, 2024Morgan StanleyOverweightOverweighthold
Oct 16, 2024BMO CapitalOutperformOutperformhold
Oct 14, 2024Wells FargoMarket OutperformMarket Outperformhold
Oct 07, 2024SusquehannaPositivePositivehold
Oct 04, 2024BarclaysOverweightOverweighthold

Financial Forecast

EPS Forecast

$-4 $-3 $-2 $-1 $0 $1 $2 $3 $4 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-2.76$-3.79$-3.15$-2.62-----
Avg Forecast$-1.90$-3.61$-3.22$-1.53$-0.87$0.57$1.42$1.98$3.24
High Forecast$-2.00$-3.80$-3.31$-1.65$-0.96$-0.19$0.89$1.75$2.97
Low Forecast$-1.79$-3.40$-2.99$-1.36$-0.74$1.10$1.94$2.21$3.35
Surprise %45.26%4.99%-2.17%71.24%-----

Revenue Forecast

$500M $2B $4B $6B $8B $10B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$614.53M$1.30B$2.24B$3.67B-----
Avg Forecast$551.11M$1.27B$2.19B$3.66B$4.83B$6.40B$7.51B$8.37B$9.24B
High Forecast$526.07M$1.21B$2.07B$3.59B$4.68B$6.30B$7.50B$8.19B$8.64B
Low Forecast$573.14M$1.32B$2.24B$3.72B$4.96B$6.51B$7.53B$8.54B$9.47B
Surprise %11.51%2.23%2.44%0.15%-----

Net Income Forecast

$-3B $-2B $-700M $200M $1B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-843.70M$-1.53B$-1.38B$-802.14M-----
Avg Forecast$-489.93M$-1.22B$-1.73B$-802.14M$-417.06M$279.75M$749.77M$915.95M$1.50B
High Forecast$-588.02M$-1.46B$-2.08B$-962.57M$-442.76M$-87.68M$411.05M$810.57M$1.37B
Low Forecast$-391.84M$-974.32M$-1.39B$-641.71M$-342.92M$507.30M$896.36M$1.02B$1.55B
Surprise %72.21%25.29%-20.71%------

DKNG Forecast FAQ

Is DraftKings stock a buy?

DraftKings stock has a consensus rating of Buy, based on 44 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 30 Buy, 12 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that DraftKings is a favorable investment for most analysts.

What is DraftKings's price target?

DraftKings's price target, set by 44 Wall Street analysts, averages $47.77 over the next 12 months. The price target range spans from $33 at the low end to $62 at the high end, suggesting a potential 14.01% change from the previous close price of $41.9.

How does DraftKings stock forecast compare to the average forecast of its sector, industry, and investment themes?

DraftKings stock forecast shows a 14.01% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and underperforming the gambling, resorts & casinos stocks industry (19.52%), trailing the NFT Stocks Stocks List (15.22%) and Gaming Stocks List (18.10%) investment themes.

What is the breakdown of analyst ratings for DraftKings over the past three months?

  • January 2025: 24.32% Strong Buy, 56.76% Buy, 18.92% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 25.00% Strong Buy, 55.56% Buy, 19.44% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 25.64% Strong Buy, 56.41% Buy, 17.95% Hold, 0% Sell, 0% Strong Sell.

What is DraftKings’s EPS forecast?

DraftKings's average annual EPS forecast for its fiscal year ending in December is -0.87 for 2024, a -66.79% decrease from the reported $-2.62 in 2023. The prediction for 2025 is $0.57, $1.42 for 2026, $1.98 for 2027, and $3.24 for 2028.

What is DraftKings’s revenue forecast?

DraftKings's average annual revenue forecast for its fiscal year ending in December is $4.83B for 2024, a 31.69% increase from the reported $3.67B in 2023. The forecast for 2025 is $6.4B, $7.51B for 2026, $8.37B for 2027, and $9.24B for 2028.

What is DraftKings’s net income forecast?

For its fiscal year ending in December, DraftKings's average annual net income forecast is $-417M for 2024, reflecting a -48.01% decrease from the reported $-802M in 2023. The projection for 2025 is $279.75M, $749.77M for 2026, $915.95M for 2027, and $1.5B for 2028.