DraftKings (DKNG) Stock Forecast, Price Target & Predictions
DKNG Stock Forecast
DraftKings stock forecast is as follows: an average price target of $46.82 (represents a 31.19% upside from DKNG’s last price of $35.69) and a rating consensus of 'Buy', based on 44 wall street analysts offering a 1-year stock forecast.
DKNG Price Target
DKNG Analyst Ratings
DraftKings Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Oct 18, 2024 | Jed Kelly | Mizuho Securities | $62.00 | $37.65 | 64.67% | 73.72% |
Sep 10, 2024 | Alistair Johnson | BNP Paribas | $35.00 | $35.90 | -2.51% | -1.93% |
Sep 04, 2024 | Joseph Stauff | Susquehanna | $48.00 | $33.65 | 42.64% | 34.49% |
Aug 23, 2024 | Ryan Sigdahl | Craig-Hallum | $57.00 | $36.13 | 57.79% | 59.71% |
Aug 15, 2024 | John Staszak | Argus Research | $40.00 | $32.06 | 24.77% | 12.08% |
Aug 13, 2024 | Stephen Grambling | Morgan Stanley | $47.00 | $29.85 | 57.45% | 31.69% |
Aug 05, 2024 | Jeffrey Stantial | Stifel Nicolaus | $48.00 | $32.02 | 49.91% | 34.49% |
Aug 05, 2024 | Barry Jonas | Truist Financial | $50.00 | $31.86 | 56.94% | 40.10% |
Aug 02, 2024 | Zachary Warring | CFRA | $42.00 | $32.02 | 31.17% | 17.68% |
Aug 02, 2024 | Brian Pitz | BMO Capital | $48.00 | $31.61 | 51.83% | 34.49% |
DraftKings Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 8 | 44 |
Avg Price Target | $62.00 | $48.38 | $51.27 |
Last Closing Price | $35.69 | $35.69 | $35.69 |
Upside/Downside | 73.72% | 35.56% | 43.65% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Oct 22, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Oct 16, 2024 | BMO Capital | Outperform | Outperform | Hold |
Oct 14, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
Oct 07, 2024 | Susquehanna | Positive | Positive | Hold |
Oct 04, 2024 | Barclays | Overweight | Overweight | Hold |
Sep 10, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Sep 09, 2024 | Needham | Buy | Buy | Hold |
Sep 04, 2024 | Susquehanna | Positive | Positive | Hold |
Sep 03, 2024 | Wells Fargo | Buy | Buy | Hold |
Aug 23, 2024 | Craig-Hallum | Buy | Buy | Hold |
DraftKings Financial Forecast
DraftKings Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.23B | $789.96M | $874.93M | $769.65M | $855.13M | $501.94M | $466.19M | $417.20M | $473.32M | $212.82M | $297.61M | $312.28M | $322.22M | $132.84M | $70.93M | - | $130.91M |
Avg Forecast | $2.52B | $1.57B | $1.59B | $1.69B | $2.08B | $1.32B | $1.37B | $1.46B | $1.76B | $1.11B | $1.11B | $1.13B | $1.24B | $704.87M | $764.55M | $704.30M | $802.47M | $441.42M | $438.59M | $412.20M | $447.13M | $236.85M | $245.52M | $236.21M | $233.24M | $131.76M | $66.39M | $104.37M | $146.26M |
High Forecast | $2.52B | $1.57B | $1.59B | $1.69B | $2.08B | $1.32B | $1.37B | $1.46B | $1.76B | $1.13B | $1.11B | $1.13B | $1.30B | $746.84M | $764.55M | $704.30M | $802.47M | $441.42M | $438.59M | $412.20M | $447.13M | $236.85M | $245.52M | $236.21M | $233.24M | $131.76M | $66.39M | $104.37M | $146.26M |
Low Forecast | $2.52B | $1.57B | $1.59B | $1.69B | $2.08B | $1.32B | $1.37B | $1.46B | $1.76B | $1.09B | $1.11B | $1.13B | $1.17B | $658.33M | $764.55M | $704.30M | $802.47M | $441.42M | $438.59M | $412.20M | $447.13M | $236.85M | $245.52M | $236.21M | $233.24M | $131.76M | $66.39M | $104.37M | $146.26M |
# Analysts | 9 | 13 | 17 | 9 | 8 | 8 | 10 | 14 | 16 | 19 | 9 | 4 | 9 | 23 | 13 | 12 | 19 | 18 | 17 | 16 | 11 | 11 | 11 | 22 | 11 | 11 | 11 | 11 | 11 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.12% | 1.14% | 1.09% | 1.07% | 1.14% | 1.06% | 1.01% | 1.06% | 0.90% | 1.21% | 1.32% | 1.38% | 1.01% | 1.07% | - | 0.90% |
DraftKings EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 13 | 17 | 9 | 8 | 8 | 10 | 14 | 16 | 19 | 9 | 4 | 9 | 23 | 13 | 12 | 19 | 18 | 17 | 16 | 11 | 11 | 11 | 22 | 11 | 11 | 11 | 11 | 11 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $11.39M | $-286.59M | $-69.05M | $-329.76M | $-241.42M | $-402.14M | $-280.92M | $-496.04M | $-285.19M | $-510.83M | $-273.07M | $-322.75M | $-239.90M | $-321.17M | $-142.45M | $5.43M | $-25.12M |
Avg Forecast | $-1.60B | $-998.42M | $-1.01B | $-1.07B | $-1.32B | $-838.90M | $-872.64M | $-929.74M | $-1.11B | $-703.61M | $-705.82M | $-719.79M | $-789.05M | $-447.35M | $-485.22M | $-654.36M | $-321.36M | $-280.15M | $-278.36M | $-594.87M | $-283.77M | $-150.32M | $-155.82M | $-239.80M | $-148.02M | $-83.62M | $-42.14M | $399.13K | $-92.82M |
High Forecast | $-1.60B | $-998.42M | $-1.01B | $-1.07B | $-1.32B | $-838.90M | $-872.64M | $-929.74M | $-1.11B | $-691.04M | $-705.48M | $-575.83M | $-743.77M | $-417.81M | $-485.22M | $-523.49M | $-257.09M | $-280.15M | $-278.36M | $-475.90M | $-283.77M | $-150.32M | $-155.82M | $-191.84M | $-148.02M | $-83.62M | $-42.14M | $478.96K | $-92.82M |
Low Forecast | $-1.60B | $-998.42M | $-1.01B | $-1.07B | $-1.32B | $-838.90M | $-872.64M | $-929.74M | $-1.11B | $-716.17M | $-706.16M | $-863.75M | $-827.85M | $-473.99M | $-485.22M | $-785.23M | $-385.63M | $-280.15M | $-278.36M | $-713.84M | $-283.77M | $-150.32M | $-155.82M | $-287.75M | $-148.02M | $-83.62M | $-42.14M | $319.31K | $-92.82M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.01% | 0.64% | 0.14% | 0.50% | 0.75% | 1.44% | 1.01% | 0.83% | 1.00% | 3.40% | 1.75% | 1.35% | 1.62% | 3.84% | 3.38% | 13.60% | 0.27% |
DraftKings Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 13 | 17 | 9 | 8 | 8 | 10 | 14 | 16 | 19 | 9 | 4 | 9 | 23 | 13 | 12 | 19 | 18 | 17 | 16 | 11 | 11 | 11 | 22 | 11 | 11 | 11 | 11 | 11 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-44.62M | $-283.10M | $-77.27M | $-397.03M | $-242.28M | $-450.44M | $-217.03M | $-465.34M | $-329.56M | $-545.03M | $-305.53M | $-346.34M | $-266.40M | $-347.75M | $-161.44M | $479.41K | $-29.15M |
Avg Forecast | $578.02M | $11.08M | $183.58M | $121.20M | $337.80M | $-68.68M | $86.65M | $5.78M | $143.04M | $-202.23M | $-4.27M | $-773.89M | $39.15M | $-330.76M | $-117.53M | $-703.54M | $-367.68M | $-479.97M | $-361.72M | $-639.58M | $-387.16M | $-469.40M | $-257.06M | $-257.33M | $-206.72M | $-297.05M | $-93.73M | $263.68K | $-110.24M |
High Forecast | $578.02M | $11.08M | $183.58M | $121.20M | $337.80M | $-68.68M | $86.65M | $5.78M | $143.04M | $-130.00M | $-4.27M | $-619.11M | $123.99M | $-193.73M | $-117.53M | $-562.83M | $-294.14M | $-479.97M | $-361.72M | $-511.66M | $-387.16M | $-469.40M | $-257.06M | $-205.86M | $-206.72M | $-297.05M | $-93.73M | $316.41K | $-110.24M |
Low Forecast | $578.02M | $11.08M | $183.58M | $121.20M | $337.80M | $-68.68M | $86.65M | $5.78M | $143.04M | $-231.12M | $-4.27M | $-928.67M | $-26.10M | $-382.74M | $-117.53M | $-844.25M | $-441.22M | $-479.97M | $-361.72M | $-767.50M | $-387.16M | $-469.40M | $-257.06M | $-308.79M | $-206.72M | $-297.05M | $-93.73M | $210.94K | $-110.24M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.14% | 0.86% | 0.66% | 0.56% | 0.66% | 0.94% | 0.60% | 0.73% | 0.85% | 1.16% | 1.19% | 1.35% | 1.29% | 1.17% | 1.72% | 1.82% | 0.26% |
DraftKings SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 13 | 17 | 9 | 8 | 8 | 10 | 14 | 16 | 19 | 9 | 4 | 9 | 23 | 13 | 12 | 19 | 18 | 17 | 16 | 11 | 11 | 11 | 22 | 11 | 11 | 11 | 11 | 11 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $469.85M | $444.08M | $343.74M | $549.61M | $518.53M | $507.98M | $385.14M | $538.06M | $519.26M | $523.36M | $369.52M | $453.84M | $431.29M | $330.71M | $184.04M | $718.80K | $123.37M |
Avg Forecast | $2.64B | $1.65B | $1.67B | $1.77B | $2.18B | $1.39B | $1.44B | $1.54B | $1.84B | $1.16B | $1.17B | $890.33M | $1.30B | $739.02M | $801.59M | $738.42M | $585.12M | $462.81M | $459.84M | $432.17M | $468.79M | $248.33M | $257.42M | $247.65M | $244.54M | $138.14M | $69.61M | $395.34K | $153.35M |
High Forecast | $2.64B | $1.65B | $1.67B | $1.77B | $2.18B | $1.39B | $1.44B | $1.54B | $1.84B | $1.18B | $1.17B | $1.07B | $1.37B | $783.03M | $801.59M | $738.42M | $702.14M | $462.81M | $459.84M | $432.17M | $468.79M | $248.33M | $257.42M | $247.65M | $244.54M | $138.14M | $69.61M | $474.41K | $153.35M |
Low Forecast | $2.64B | $1.65B | $1.67B | $1.77B | $2.18B | $1.39B | $1.44B | $1.54B | $1.84B | $1.14B | $1.17B | $712.26M | $1.23B | $690.23M | $801.59M | $738.42M | $468.09M | $462.81M | $459.84M | $432.17M | $468.79M | $248.33M | $257.42M | $247.65M | $244.54M | $138.14M | $69.61M | $316.27K | $153.35M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.36% | 0.60% | 0.43% | 0.74% | 0.89% | 1.10% | 0.84% | 1.25% | 1.11% | 2.11% | 1.44% | 1.83% | 1.76% | 2.39% | 2.64% | 1.82% | 0.80% |
DraftKings EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 13 | 17 | 9 | 8 | 8 | 10 | 14 | 16 | 19 | 9 | 4 | 9 | 23 | 13 | 12 | 19 | 18 | 17 | 16 | 11 | 11 | 11 | 22 | 11 | 11 | 11 | 11 | 11 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.10 | $-0.61 | $-0.17 | $-0.87 | $-0.53 | $-1.00 | $-0.50 | $-1.13 | $-0.82 | $-1.35 | $-0.76 | $-0.87 | $-0.75 | $-0.98 | $-0.55 | - | $-0.08 |
Avg Forecast | $1.21 | $0.02 | $0.38 | $0.25 | $0.70 | $-0.14 | $0.18 | $0.01 | $0.30 | $-0.42 | $-0.01 | $-0.29 | $0.08 | $-0.69 | $-0.25 | $-0.88 | $-0.62 | $-1.00 | $-0.75 | $-1.12 | $-0.81 | $-0.98 | $-0.54 | $-0.43 | $-0.43 | $-0.62 | $-0.20 | $-0.15 | $-0.23 |
High Forecast | $1.21 | $0.02 | $0.38 | $0.25 | $0.70 | $-0.14 | $0.18 | $0.01 | $0.30 | $-0.27 | $-0.01 | $-0.29 | $0.26 | $-0.40 | $-0.25 | $-0.88 | $-0.62 | $-1.00 | $-0.75 | $-1.12 | $-0.81 | $-0.98 | $-0.54 | $-0.43 | $-0.43 | $-0.62 | $-0.20 | $-0.15 | $-0.23 |
Low Forecast | $1.21 | $0.02 | $0.38 | $0.25 | $0.70 | $-0.14 | $0.18 | $0.01 | $0.30 | $-0.48 | $-0.01 | $-0.29 | $-0.05 | $-0.80 | $-0.25 | $-0.88 | $-0.62 | $-1.00 | $-0.75 | $-1.12 | $-0.81 | $-0.98 | $-0.54 | $-0.43 | $-0.43 | $-0.62 | $-0.20 | $-0.15 | $-0.23 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.17% | 0.88% | 0.69% | 0.99% | 0.86% | 1.00% | 0.66% | 1.01% | 1.02% | 1.38% | 1.42% | 2.01% | 1.74% | 1.58% | 2.81% | -0.01% | 0.36% |
DraftKings Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
INSE | Inspired Entertainment | $9.72 | $19.50 | 100.62% | Buy |
IGT | International Game | $20.32 | $28.29 | 39.22% | Buy |
ACEL | Accel Entertainment | $11.03 | $14.75 | 33.73% | Buy |
DKNG | DraftKings | $35.69 | $46.82 | 31.19% | Buy |
EVRI | Everi | $13.32 | $16.88 | 26.73% | Hold |
RSI | Rush Street Interactive | $10.86 | $13.60 | 25.23% | Buy |
AGS | PlayAGS | $11.65 | $13.17 | 13.05% | Buy |
LNW | Light & Wonder | $94.36 | $106.43 | 12.79% | Buy |
NGMS | NeoGames | $29.45 | $29.50 | 0.17% | - |
DKNG Forecast FAQ
Is DraftKings a good buy?
Yes, according to 44 Wall Street analysts, DraftKings (DKNG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 29 'Buy' recommendations, accounting for 65.91% of DKNG's total ratings.
What is DKNG's price target?
DraftKings (DKNG) average price target is $46.82 with a range of $15 to $105, implying a 31.19% from its last price of $35.69. The data is based on 44 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will DraftKings stock go up soon?
According to Wall Street analysts' prediction for DKNG stock, the company can go up by 31.19% (from the last price of $35.69 to the average price target of $46.82), up by 194.20% based on the highest stock price target, and down by -57.97% based on the lowest stock price target.
Can DraftKings stock reach $50?
DKNG's highest twelve months analyst stock price target of $105 supports the claim that DraftKings can reach $50 in the near future.
What is DraftKings's current price target trend?
1 Wall Street analyst forecast a $62 price target for DraftKings (DKNG) this month, up 73.72% from its last price of $35.69. Compared to the last 3 and 12 months, the average price target increased by 35.56% and increased by 43.65%, respectively.
What are DraftKings's analysts' financial forecasts?
DraftKings's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.24B (high $6.24B, low $6.24B), average EBITDA is $-3.961B (high $-3.961B, low $-3.961B), average net income is $361.55M (high $361.55M, low $361.55M), average SG&A $6.54B (high $6.54B, low $6.54B), and average EPS is $0.754 (high $0.754, low $0.754). DKNG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.37B (high $7.37B, low $7.37B), average EBITDA is $-4.679B (high $-4.679B, low $-4.679B), average net income is $893.89M (high $893.89M, low $893.89M), average SG&A $7.73B (high $7.73B, low $7.73B), and average EPS is $1.86 (high $1.86, low $1.86).
Did the DKNG's actual financial results beat the analysts' financial forecasts?
Based on DraftKings's last annual report (Dec 2023), the company's revenue was $3.67B, beating the average analysts forecast of $3.42B by 7.27%. Apple's EBITDA was $-587M, missing the average prediction of $-2.376B by -75.28%. The company's net income was $-802M, missing the average estimation of $-1.113B by -27.91%. Apple's SG&A was $1.81B, missing the average forecast of $3.58B by -49.55%. Lastly, the company's EPS was $-2.62, beating the average prediction of $-1.73 by 51.42%. In terms of the last quarterly report (Dec 2023), DraftKings's revenue was $1.23B, missing the average analysts' forecast of $1.24B by -1.00%. The company's EBITDA was $11.39M, missing the average prediction of $-789M by -101.44%. DraftKings's net income was $-44.621M, missing the average estimation of $39.15M by -213.96%. The company's SG&A was $469.85M, missing the average forecast of $1.3B by -63.95%. Lastly, the company's EPS was $-0.0953, missing the average prediction of $0.0817 by -216.66%