DraftKings (DKNG) Stock Forecast, Price Target & Predictions


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DKNG Stock Forecast


DraftKings stock forecast is as follows: an average price target of $46.71 (represents a 19.92% upside from DKNG’s last price of $38.95) and a rating consensus of 'Buy', based on 44 wall street analysts offering a 1-year stock forecast.

DKNG Price Target


The average price target for DraftKings (DKNG) is $46.71 based on 1-year price targets from 44 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $15.00. This represents a potential 19.92% upside from DKNG's last price of $38.95.

DKNG Analyst Ratings


Buy

According to 44 Wall Street analysts, DraftKings's rating consensus is 'Buy'. The analyst rating breakdown for DKNG stock is 0 'Strong Buy' (0.00%), 29 'Buy' (65.91%), 12 'Hold' (27.27%), 3 'Sell' (6.82%), and 0 'Strong Sell' (0.00%).

DraftKings Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 10, 2024Alistair JohnsonBNP Paribas$35.00$35.90-2.51%-10.14%
Sep 04, 2024Joseph StauffSusquehanna$48.00$33.6542.64%23.23%
Aug 23, 2024Ryan SigdahlCraig-Hallum$57.00$36.1357.79%46.34%
Aug 15, 2024John StaszakArgus Research$40.00$32.0624.77%2.70%
Aug 13, 2024Stephen GramblingMorgan Stanley$47.00$29.8557.45%20.67%
Aug 05, 2024Jeffrey StantialStifel Nicolaus$48.00$32.0249.91%23.23%
Aug 05, 2024Barry JonasTruist Financial$50.00$31.8656.94%28.37%
Aug 02, 2024Zachary WarringCFRA$42.00$32.0231.17%7.83%
Aug 02, 2024Brian PitzBMO Capital$48.00$31.6151.83%23.23%
Jul 18, 2024Barry JonasTruist Financial$53.00$38.3538.20%36.07%
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The latest DraftKings stock forecast, released on Sep 10, 2024 by Alistair Johnson from BNP Paribas, set a price target of $35.00, which represents a -2.51% decrease from the stock price at the time of the forecast ($35.90), and a -10.14% decrease from DKNG last price ($38.95).

DraftKings Price Target by Period


1M3M12M
# Anlaysts31445
Avg Price Target$46.67$49.07$50.53
Last Closing Price$38.95$38.95$38.95
Upside/Downside19.82%25.98%29.73%

In the current month, the average price target of DraftKings stock is $46.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 19.82% increase as opposed to DraftKings's last price of $38.95. This month's average price target is down -4.89% compared to last quarter, and down -7.64% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 10, 2024Morgan StanleyOverweightOverweightHold
Sep 09, 2024NeedhamBuyBuyHold
Sep 04, 2024SusquehannaPositivePositiveHold
Sep 03, 2024Wells FargoBuyBuyHold
Aug 23, 2024Craig-HallumBuyBuyHold
Aug 20, 2024BenchmarkBuyBuyHold
Aug 19, 2024NeedhamBuyBuyHold
Aug 14, 2024JefferiesBuyBuyHold
Aug 13, 2024B. Riley SecuritiesBuyBuyHold
Aug 13, 2024B. RileyBuyBuyHold
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DraftKings's last stock rating was published by Morgan Stanley on Sep 10, 2024. The company gave DKNG a "Overweight" rating, the same as its previous rate.

DraftKings Financial Forecast


DraftKings Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Revenue------------$1.23B$789.96M$874.93M$769.65M$855.13M$501.94M-$417.20M$473.32M$212.82M$297.61M$312.28M$322.22M$132.84M$70.93M-$130.91M
Avg Forecast$2.51B$1.59B$1.57B$1.73B$2.07B$1.31B$1.37B$1.46B$1.75B$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$2.63B$1.66B$1.64B$1.81B$2.17B$1.37B$1.43B$1.53B$1.83B$1.12B$1.16B$1.18B$1.30B$746.84M$800.08M$737.03M$839.76M$461.93M$438.59M$429.31M$465.68M$246.68M$255.71M$246.01M$242.91M$137.22M$69.15M$108.70M$152.33M
Low Forecast$2.34B$1.47B$1.45B$1.61B$1.93B$1.22B$1.27B$1.36B$1.63B$1.08B$1.03B$1.05B$1.17B$658.33M$710.45M$654.46M$745.69M$410.19M$438.59M$388.06M$420.94M$222.98M$231.14M$222.37M$219.58M$124.04M$62.51M$98.26M$137.69M
# Analysts1599158101681318949231312191818914881014881013
Surprise %------------0.99%1.12%1.14%1.09%1.07%1.14%-1.01%1.06%0.90%1.21%1.32%1.38%1.01%1.07%-0.90%

DraftKings's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.13B, with a low forecast of $1.05B, and a high forecast of $1.18B. DKNG's average Quarter revenue forecast represents a -8.39% decrease compared to the company's last Quarter revenue of $1.23B (Dec 23).

DraftKings EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts1599158101681318949231312191818914881014881013
EBITDA------------$11.39M$-286.59M$-69.05M$-329.76M$-241.42M$-402.14M-$-496.04M$-285.19M$-510.83M$-273.07M$-322.75M$-239.90M$-321.17M$-142.45M$5.43M$-25.12M
Avg Forecast$-1.60B$-1.01B$-993.44M$-1.10B$-1.32B$-832.22M$-868.61M$-925.65M$-1.11B$-701.86M$-705.82M$-719.79M$-789.05M$-447.35M$-485.22M$-654.36M$-509.29M$-408.18M$-278.36M$-594.87M$-292.14M$-371.07M$-205.92M$-239.80M$-145.98M$-139.00M$-156.69M$399.13K$-92.82M
High Forecast$-1.48B$-935.00M$-923.15M$-1.02B$-1.22B$-773.33M$-807.15M$-860.15M$-1.03B$-682.89M$-655.88M$-575.83M$-743.77M$-417.81M$-450.89M$-523.49M$-473.26M$-326.54M$-278.36M$-475.90M$-233.71M$-296.86M$-164.74M$-191.84M$-116.78M$-111.20M$-125.35M$478.96K$-87.39M
Low Forecast$-1.67B$-1.05B$-1.04B$-1.15B$-1.38B$-870.89M$-908.98M$-968.67M$-1.16B$-708.19M$-738.62M$-863.75M$-827.85M$-473.99M$-507.77M$-785.23M$-532.96M$-489.82M$-278.36M$-713.84M$-350.57M$-445.29M$-247.11M$-287.75M$-175.18M$-166.80M$-188.03M$319.31K$-96.68M
Surprise %-------------0.01%0.64%0.14%0.50%0.47%0.99%-0.83%0.98%1.38%1.33%1.35%1.64%2.31%0.91%13.60%0.27%

4 analysts predict DKNG's average Quarter EBITDA for Mar 24 to be $-719.79M, with a high of $-575.83M and a low of $-863.75M. This is -6420.07% lower than DraftKings's previous annual EBITDA (Dec 23) of $11.39M.

DraftKings Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts1599158101681318949231312191818914881014881013
Net Income------------$-44.62M$-283.10M$-77.27M$-397.03M$-242.28M$-450.44M-$-465.34M$-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$348.34M$-69.71M$87.50M$5.01M$140.72M$-199.05M$-4.27M$-773.89M$39.15M$-330.76M$-117.53M$-703.54M$-295.73M$-435.51M$-357.89M$-639.58M$-334.26M$-395.92M$-230.40M$-257.33M$-162.11M$-150.50M$-177.58M$263.68K$-107.66M
High Forecast$612.94M$11.75M$194.67M$128.53M$369.39M$-63.29M$92.78M$5.31M$149.23M$-142.18M$-3.87M$-619.11M$123.99M$-193.73M$-106.72M$-562.83M$-268.53M$-348.41M$-357.89M$-511.66M$-267.40M$-316.73M$-184.32M$-205.86M$-129.69M$-120.40M$-142.06M$316.41K$-99.47M
Low Forecast$524.85M$10.06M$166.69M$110.05M$316.30M$-73.92M$79.45M$4.55M$127.78M$-227.49M$-4.52M$-928.67M$-26.10M$-382.74M$-124.62M$-844.25M$-313.60M$-522.61M$-357.89M$-767.50M$-401.11M$-475.10M$-276.48M$-308.79M$-194.53M$-180.60M$-213.10M$210.94K$-113.47M
Surprise %-------------1.14%0.86%0.66%0.56%0.82%1.03%-0.73%0.99%1.38%1.33%1.35%1.64%2.31%0.91%1.82%0.27%

DraftKings's average Quarter net income forecast for Jun 20 is $-177.58M, with a range of $-213.10M to $-142.06M. DKNG's average Quarter net income forecast represents a -37141.51% decrease compared to the company's last Quarter net income of $479.41K (Mar 20).

DraftKings SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts1599158101681318949231312191818914881014881013
SG&A------------$469.85M$444.08M$343.74M$549.61M$518.53M$507.98M-$538.06M$519.26M$523.36M$369.52M$453.84M$431.29M$330.71M$184.04M$718.80K$123.37M
Avg Forecast$2.64B$1.66B$1.64B$1.81B$2.17B$1.37B$1.43B$1.53B$1.84B$1.16B$1.17B$890.33M$1.30B$739.02M$801.59M$738.42M$841.35M$418.20M$459.84M$432.17M$468.79M$248.33M$257.42M$247.65M$244.54M$138.14M$69.61M$395.34K$153.35M
High Forecast$2.76B$1.74B$1.72B$1.90B$2.28B$1.44B$1.50B$1.60B$1.92B$1.17B$1.22B$1.07B$1.37B$783.03M$838.84M$772.74M$880.45M$501.84M$459.84M$450.10M$488.24M$258.63M$268.10M$257.93M$254.68M$143.87M$72.50M$474.41K$159.71M
Low Forecast$2.45B$1.54B$1.53B$1.69B$2.02B$1.28B$1.33B$1.42B$1.71B$1.13B$1.08B$712.26M$1.23B$690.23M$744.87M$686.17M$781.82M$334.56M$459.84M$406.86M$441.34M$233.78M$242.34M$233.15M$230.22M$130.05M$65.53M$316.27K$144.37M
Surprise %------------0.36%0.60%0.43%0.74%0.62%1.21%-1.25%1.11%2.11%1.44%1.83%1.76%2.39%2.64%1.82%0.80%

DraftKings's average Quarter SG&A projection for Mar 24 is $890.33M, based on 4 Wall Street analysts, with a range of $712.26M to $1.07B. The forecast indicates a 89.49% rise compared to DKNG last annual SG&A of $469.85M (Dec 23).

DraftKings EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts1599158101681318949231312191818914881014881013
EPS------------$-0.10$-0.61$-0.17$-0.87$-0.53$-1.00-$-1.13$-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$0.73$-0.15$0.18$0.01$0.29$-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$1.28$0.02$0.41$0.27$0.77$-0.13$0.19$0.01$0.31$-0.30$-0.01$-0.26$0.26$-0.40$-0.22$-0.80$-0.56$-0.91$-0.75$-1.03$-0.75$-0.90$-0.50$-0.40$-0.40$-0.57$-0.18$-0.14$-0.21
Low Forecast$1.10$0.02$0.35$0.23$0.66$-0.15$0.17$0.01$0.27$-0.47$-0.01$-0.31$-0.05$-0.80$-0.26$-0.93$-0.65$-1.06$-0.75$-1.18$-0.85$-1.03$-0.57$-0.46$-0.45$-0.65$-0.21$-0.16$-0.24
Surprise %-------------1.17%0.88%0.69%0.99%0.86%1.00%-1.01%1.02%1.38%1.42%2.01%1.74%1.58%2.81%-0.01%0.36%

According to 8 Wall Street analysts, DraftKings's projected average Quarter EPS for Jun 20 is $-0.20, with a low estimate of $-0.21 and a high estimate of $-0.18. This represents a -12845.21% decrease compared to DKNG previous annual EPS of - (Mar 20).

DraftKings Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
INSEInspired Entertainment$9.92$19.5096.57%Buy
IGTInternational Game$21.82$28.2929.65%Buy
EVRIEveri$13.14$16.8828.46%Hold
ACELAccel Entertainment$11.98$14.7523.12%Buy
DKNGDraftKings$38.95$46.7119.92%Buy
AGSPlayAGS$11.31$13.1716.45%Buy
RSIRush Street Interactive$10.17$11.2010.13%Buy
NGMSNeoGames$29.45$29.500.17%-
LNWLight & Wonder$112.03$109.17-2.55%Buy

DKNG Forecast FAQ


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.

DraftKings (DKNG) average price target is $46.71 with a range of $15 to $105, implying a 19.92% from its last price of $38.95. The data is based on 44 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for DKNG stock, the company can go up by 19.92% (from the last price of $38.95 to the average price target of $46.71), up by 169.58% based on the highest stock price target, and down by -61.49% based on the lowest stock price target.

DKNG's highest twelve months analyst stock price target of $105 supports the claim that DraftKings can reach $60 in the near future.

3 Wall Street analysts forecast a $46.67 price target for DraftKings (DKNG) this month, up 19.82% from its last price of $38.95. Compared to the last 3 and 12 months, the average price target increased by 25.98% and increased by 29.73%, respectively.

DraftKings's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.21B (high $6.5B, low $5.77B), average EBITDA is $-3.943B (high $-3.664B, low $-4.126B), average net income is $371.14M (high $404.19M, low $326.38M), average SG&A $6.51B (high $6.82B, low $6.05B), and average EPS is $0.774 (high $0.843, low $0.681). DKNG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.39B (high $7.74B, low $6.87B), average EBITDA is $-4.693B (high $-4.361B, low $-4.911B), average net income is $893.89M (high $947.89M, low $811.66M), average SG&A $7.75B (high $8.11B, low $7.2B), and average EPS is $1.86 (high $1.98, low $1.69).

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%