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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 $49.13 (represents a 21.76% upside from DKNG’s last price of $40.35) 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 $49.13 based on 1-year price targets from 44 Wall Street analysts in the past 3 months, with a price target range of $62.00 to $33.00. This represents a potential 21.76% upside from DKNG's last price of $40.35.

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%), 30 'Buy' (68.18%), 12 'Hold' (27.27%), 2 'Sell' (4.55%), and 0 'Strong Sell' (0.00%).

DraftKings Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024Carlo SantarelliDeutsche Bank$33.00$36.51-9.61%-18.22%
Nov 08, 2024Zachary WarringCFRA$46.00$40.1314.63%14.00%
Nov 08, 2024Matt FarrellPiper Sandler$53.00$40.1332.07%31.35%
Oct 18, 2024Jed KellyMizuho Securities$62.00$37.6564.67%53.66%
Sep 10, 2024Alistair JohnsonBNP Paribas$35.00$35.90-2.51%-13.26%
Sep 04, 2024Joseph StauffSusquehanna$48.00$33.6542.64%18.96%
Aug 23, 2024Ryan SigdahlCraig-Hallum$57.00$36.1357.79%41.26%
Aug 15, 2024John StaszakArgus Research$40.00$32.0624.77%-0.87%
Aug 13, 2024Stephen GramblingMorgan Stanley$47.00$29.8557.45%16.48%
Aug 05, 2024Jeffrey StantialStifel Nicolaus$48.00$32.0249.91%18.96%
Aug 05, 2024Barry JonasTruist Financial$50.00$31.8656.94%23.92%
Aug 02, 2024Zachary WarringCFRA$42.00$32.0231.17%4.09%
Aug 02, 2024Brian PitzBMO Capital$48.00$31.6151.83%18.96%
Jul 18, 2024Barry JonasTruist Financial$53.00$38.3538.20%31.35%
Jul 17, 2024Chad BeynonMacquarie$52.00$38.3535.59%28.87%
Jul 10, 2024Brandt MontourBarclays$53.00$36.7444.26%31.35%
Jul 08, 2024Robin FarleyUBS$56.00$37.9047.76%38.79%
Jul 01, 2024Jed KellyOppenheimer$58.00$38.1751.95%43.74%
Jun 05, 2024Joseph StauffSusquehanna$49.00$35.6837.33%21.44%
May 29, 2024Jeff StantialStifel Nicolaus$50.00$36.6136.57%23.92%
May 28, 2024Ed YoungMorgan Stanley$51.00$35.5643.41%26.39%
May 15, 2024Robin FarleyUBS$60.00$44.1335.96%48.70%
May 06, 2024Carlo SantarelliDeutsche Bank$35.00$44.02-20.50%-13.26%
May 06, 2024Jeff StantialStifel Nicolaus$51.00$41.7922.04%26.39%
May 06, 2024Clark LampenBTIG$55.00$41.7931.61%36.31%
May 06, 2024Bernie McTernanNeedham$60.00$41.7943.58%48.70%
May 06, 2024Brandt MontourBarclays$54.00$41.7929.22%33.83%
May 03, 2024Jordan BenderJMP Securities$52.00$41.8224.34%28.87%
May 03, 2024Barry JonasTruist Financial$55.00$41.8231.52%36.31%
May 03, 2024Ryan SigdahlCraig-Hallum$55.00$43.8625.40%36.31%
Apr 29, 2024Joseph StauffSusquehanna$56.00$43.2329.55%38.79%
Apr 22, 2024Jed KellyOppenheimer$60.00$40.5547.97%48.70%
Apr 16, 2024Ben MillerGoldman Sachs$60.00$43.7237.24%48.70%
Apr 09, 2024Stephen GramblingMorgan Stanley$50.00$45.0311.04%23.92%
Mar 28, 2024Shaun KelleyNew Street$54.00$45.3519.07%33.83%
Mar 28, 2024Robert FishmanMoffettNathanson$55.00$45.3521.28%36.31%
Mar 27, 2024Bernie McTernanNeedham$58.00$48.6819.15%43.74%
Mar 26, 2024Ben ChaikenMizuho Securities$58.00$48.6219.30%43.74%
Mar 25, 2024Joseph StauffSusquehanna$54.00$47.3214.12%33.83%
Feb 23, 2024Brandt MontourBarclays$50.00$41.2821.12%23.92%
Feb 16, 2024Jed KellyOppenheimer$55.00$44.9022.49%36.31%
Feb 16, 2024Barry JonasTruist Financial$45.00$44.910.20%11.52%
Feb 16, 2024Jordan BenderJMP Securities$42.00$44.91-6.48%4.09%
Jan 19, 2024Jeff StantialStifel Nicolaus$45.00$37.6219.62%11.52%
Jan 09, 2024Brian PitzBMO Capital$43.00$34.4025.02%6.57%
Nov 20, 2023Bernie McTernanNeedham$50.00$38.6829.27%23.92%
Nov 16, 2023Curry BakerGuggenheim$45.00$37.1121.26%11.52%
Oct 30, 2023Stephen GramblingMorgan Stanley$36.00$26.9233.73%-10.78%
Sep 18, 2023Bernie McTernanNeedham$44.00$31.3840.22%9.05%
Aug 09, 2023Jed KellyOppenheimer$40.00$28.5140.30%-0.87%
Aug 04, 2023Edward EngelRoth Capital$20.00$30.95-35.38%-50.43%
Aug 04, 2023Stephen GramblingMorgan Stanley$32.00$30.953.39%-20.69%
Aug 04, 2023Jordan BenderJMP Securities$33.00$30.956.62%-18.22%
Aug 04, 2023Bernie McTernanNeedham$36.00$30.9516.32%-10.78%
Aug 04, 2023Joseph StauffSusquehanna$39.00$30.9526.01%-3.35%
Jul 18, 2023Edward EngelMKM Partners$20.00$31.36-36.21%-50.43%
Jun 20, 2023Barry JonasTruist Financial$26.00$24.685.35%-35.56%
May 05, 2023Joseph StauffSusquehanna$28.00$24.7013.34%-30.61%
May 05, 2023Jordan BenderJMP Securities$26.00$24.705.24%-35.56%
Apr 10, 2023Bernie McTernanNeedham$28.00$18.2253.68%-30.61%
Mar 07, 2023John EadeArgus Research$22.00$19.5012.85%-45.48%
Feb 21, 2023Bernie McTernanNeedham$20.28$20.54-1.27%-49.74%
Feb 09, 2023Edward EngelRoth Capital$15.00$16.83-10.87%-62.83%
Jan 06, 2023Piper Sandler$15.00$11.4830.66%-62.83%
Dec 27, 2022Bernie McTernanNeedham$20.00$11.1679.13%-50.43%
Nov 29, 2022Jordan BenderJMP Securities$23.00$14.6556.94%-43.00%
Nov 18, 2022Piper Sandler$21.00$14.9040.94%-47.96%
Sep 06, 2022Susquehanna$24.00$15.6253.63%-40.52%
Aug 30, 2022Barry Jonas JonasTruist Financial$20.00$16.5021.21%-50.43%
Aug 08, 2022Barclays$18.00$18.44-2.39%-55.39%
Jul 30, 2022Barry JonasTruist Financial$16.00$13.7316.53%-60.35%
Jul 07, 2022Citigroup$20.00$12.3761.68%-50.43%
Jun 28, 2022Brandt MontourBarclays$14.00$12.769.72%-65.30%
Jun 28, 2022Jordan BenderNational Bank$25.00$12.7695.92%-38.04%
May 31, 2022Citigroup$28.00$14.7290.22%-30.61%
May 16, 2022David KatzJefferies$33.00$12.80157.81%-18.22%
May 15, 2022Ryan SigdahlCraig-Hallum$30.00$12.61137.91%-25.65%
May 10, 2022Michael GrahamCanaccord Genuity$34.00$10.99209.37%-15.74%
May 09, 2022Needham$25.00$13.1590.11%-38.04%
Mar 25, 2022Bernie McTernanNeedham$32.00$18.2075.82%-20.69%
Feb 22, 2022Greg GibasNorthland Securities$40.00$18.59115.17%-0.87%
Feb 22, 2022Daniel PolitzerWells Fargo$19.00$18.592.21%-52.91%
Feb 22, 2022Ed EngelRoth Capital$19.00$18.592.21%-52.91%
Feb 22, 2022Barry JonasTruist Financial$22.00$18.5918.34%-45.48%
Feb 22, 2022Jason BazinetCitigroup$40.00$18.59115.17%-0.87%
Feb 22, 2022Jed KellyOppenheimer$32.00$18.5972.14%-20.69%
Feb 22, 2022Shaun KelleyBank of America Securities$25.00$18.5934.48%-38.04%
Feb 17, 2022Stephen GlagolaCowen & Co.$60.00$22.06171.99%48.70%
Jan 26, 2022Thomas AllenMorgan Stanley$31.00$20.3352.48%-23.17%
Jan 26, 2022Chad BeynonMacquarie$42.00$20.33106.59%4.09%
Jan 25, 2022Robert FishmanMoffettNathanson$23.00$19.3219.05%-43.00%
Jan 24, 2022Greg GibasNorthland Securities$45.00$20.03124.66%11.52%
Jan 17, 2022Barry JonasTruist Financial$30.00$23.1929.37%-25.65%
Dec 07, 2021John DeCreeCBRE$36.00$31.2715.13%-10.78%
Dec 02, 2021Mike HickeyBenchmark Co.$50.00$31.3059.74%23.92%
Nov 16, 2021Joseph StauffSusquehanna$65.00$39.2865.48%61.09%
Sep 20, 2021Daniel AdamLoop Capital Markets$105.00$57.0084.21%160.22%
Sep 15, 2021Benjamin ChaikenCredit Suisse$85.00$59.8442.05%110.66%
Aug 09, 2021Stephen GramblingGoldman Sachs$73.00$52.3639.42%80.92%
Jun 16, 2021David KatzJefferies$75.00$48.8153.66%85.87%
May 07, 2021Vasily KarasyovCannonball Research$80.00$48.4265.22%98.27%

The latest DraftKings stock forecast, released on Nov 08, 2024 by Carlo Santarelli from Deutsche Bank, set a price target of $33.00, which represents a -9.61% decrease from the stock price at the time of the forecast ($36.51), and a -18.22% decrease from DKNG last price ($40.35).

DraftKings Price Target by Period

1M3M12M
# Anlaysts-445
Avg Price Target-$48.50$50.96
Last Closing Price$40.35$40.35$40.35
Upside/Downside-100.00%20.20%26.29%

In the current month, the average price target of DraftKings stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to DraftKings's last price of $40.35. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
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
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
Aug 13, 2024WedbushNeutralNeutralHold
Aug 13, 2024Morgan StanleyOverweightOverweightHold
Aug 05, 2024Wells FargoOverweightOverweightHold
Aug 05, 2024Goldman SachsBuyBuyHold
Aug 05, 2024OppenheimerOutperformOutperformHold
Aug 05, 2024Stifel NicolausBuyBuyHold
Aug 02, 2024JMP SecuritiesMarket OutperformMarket OutperformHold
Aug 02, 2024BTIGBuyBuyHold
Jul 25, 2024BMO CapitalOutperformOutperformHold
Jul 18, 2024Wells FargoBuyBuyHold
Jul 17, 2024MacquarieOutperformOutperformHold
Jul 10, 2024BarclaysOverweightOverweightHold
Jul 08, 2024UBSBuyBuyHold
Jul 01, 2024OppenheimerOutperformOutperformHold
Jun 25, 2024Deutsche BankHoldHoldHold
Jun 25, 2024Wells FargoBuyBuyHold
Jun 05, 2024SusquehannaPositivePositiveHold
May 28, 2024BMO CapitalOutperformOutperformHold
May 28, 2024CitigroupBuyBuyHold
May 28, 2024BarclaysOverweightOverweightHold
May 28, 2024Morgan StanleyOverweightOverweightHold
May 28, 2024OppenheimerOutperformOutperformHold
May 28, 2024NeedhamBuyBuyHold
May 15, 2024UBSBuyBuyHold
May 06, 2024Deutsche BankHoldHoldHold
May 06, 2024BMO CapitalOutperformOutperformHold
May 06, 2024BTIGBuyBuyHold
May 06, 2024NeedhamBuyBuyHold
May 05, 2024JefferiesBuyBuyHold
May 05, 2024CitigroupBuyBuyHold
May 03, 2024Craig-HallumBuyBuyHold
Apr 29, 2024SusquehannaPositivePositiveHold
Apr 22, 2024OppenheimerOutperformOutperformHold
Apr 19, 2024BarclaysOverweightOverweightHold
Apr 16, 2024Wells FargoMarket OutperformMarket OutperformHold
Apr 16, 2024Goldman SachsBuyInitialise
Apr 09, 2024Morgan StanleyOverweightOverweightHold
Mar 28, 2024MoffettNathansonBuyBuyHold
Mar 27, 2024NeedhamBuyBuyHold
Mar 26, 2024Mizuho SecuritiesBuyInitialise
Mar 26, 2024Bank of America SecuritiesBuyBuyHold
Mar 25, 2024Wells FargoMarket OutperformMarket OutperformHold
Mar 05, 2024Wells FargoBuyBuyHold
Feb 23, 2024BarclaysEqual-WeightOverweightUpgrade
Feb 20, 2024NeedhamBuyBuyHold
Feb 13, 2024NeedhamUnderperformUnderperformHold
Feb 13, 2024Piper SandlerBuyBuyHold
Jan 19, 2024UBSBuyBuyHold
Jan 09, 2024BMO CapitalUnderperformOutperformInitialise
Dec 26, 2023UBSBuyBuyHold
Dec 26, 2023SusquehannaUnderperformUnderperformHold
Nov 15, 2023BenchmarkBuyBuyHold
Nov 06, 2023NeedhamBuyBuyHold
Nov 03, 2023CFRABuyUpgrade
Sep 26, 2023UBSBuyOverweightUpgrade
Aug 08, 2023CLSABuyUpgrade
Aug 08, 2023William BlairMarket PerformDowngrade
Aug 08, 2023BMO CapitalMarket PerformUnderperformDowngrade
Aug 08, 2023StephensEqual-WeightDowngrade
Aug 08, 2023Credit SuisseNeutralUpgrade
Aug 08, 2023Telsey AdvisoryMarket PerformDowngrade
Aug 08, 2023Piper SandlerOverweightNeutralDowngrade
Aug 07, 2023JMP SecuritiesOutperformOutperformHold
Aug 07, 2023JefferiesBuyBuyHold
Aug 07, 2023NeedhamBuyBuyHold
Aug 07, 2023Wells FargoEqual-WeightOverweightUpgrade
Jul 12, 2023Bank of America SecuritiesBuyUpgrade
Jun 28, 2023OppenheimerOutperformOutperformHold
Jun 05, 2023BTIGBuyBuyHold
May 22, 2023UBSBuyUpgrade
May 16, 2023Morgan StanleyOverweightOverweightHold
May 08, 2023Canaccord GenuityBuyBuyHold
Apr 13, 2023Exane BNP ParibasNeutralUpgrade
Apr 10, 2023NeedhamBuyBuyHold
Feb 22, 2023Morgan StanleyOverweightOverweightHold
Feb 21, 2023NeedhamBuyBuyHold
Feb 17, 2023HSBCHoldDowngrade
Feb 17, 2023SMBC NikkoNeutralDowngrade
Feb 17, 2023BMO CapitalMarket PerformDowngrade
Feb 17, 2023Raymond JamesMarket PerformDowngrade
Feb 17, 2023OppenheimerOutperformPerformDowngrade
Feb 17, 2023GuggenheimNeutralDowngrade
Feb 17, 2023Cowen & Co.UnderweightDowngrade
Feb 17, 2023Craig-HallumBuyHoldDowngrade
Feb 17, 2023RBC CapitalOutperformUpgrade
Feb 17, 2023Wolfe ResearchPeer PerformUpgrade
Feb 17, 2023Compass PointBuyUpgrade
Feb 17, 2023BenchmarkHoldDowngrade
Feb 17, 2023BTIGBuyUpgrade
Feb 09, 2023Roth CapitalNeutralSellDowngrade
Jan 06, 2023Piper SandlerOverweightOverweightHold
Dec 27, 2022NeedhamBuyBuyHold
Nov 29, 2022JMP SecuritiesOutperformOutperformHold
Nov 28, 2022J.P. MorganUnderweightDowngrade
Nov 18, 2022Piper SandlerOverweightInitialise
Nov 07, 2022Deutsche BankHoldHoldHold
Nov 07, 2022Craig-HallumBuyBuyHold
Nov 07, 2022NeedhamBuyBuyHold
Sep 06, 2022SusquehannaPositivePositiveHold
Aug 24, 2022JefferiesBuyBuyHold
Aug 08, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 10, 2022BarclaysEqual-WeightInitialise
Jul 07, 2022CitigroupBuyBuyHold
May 31, 2022JefferiesBuyBuyHold
May 15, 2022Craig-HallumBuyBuyHold
May 09, 2022Canaccord GenuityBuyBuyHold
Apr 26, 2022Zacks Investment ResearchHoldUpgrade
Apr 26, 2022Morgan StanleyOverweightBuyUpgrade
Mar 25, 2022NeedhamBuyBuyHold
Feb 23, 2022CitigroupBuyBuyHold
Feb 22, 2022Canaccord GenuityBuyBuyHold
Feb 22, 2022Deutsche BankHoldHoldHold
Feb 22, 2022Wells FargoEqual-WeightDowngrade
Feb 22, 2022Roth CapitalNeutralUpgrade
Jan 26, 2022Morgan StanleyOverweightUpgrade
Aug 07, 2021Craig-HallumBuyBuyHold
Jan 25, 2021OppenheimerOutperformOutperformHold
Jan 15, 2021Craig-HallumBuyBuyHold
Nov 17, 2020Loop Capital MarketsBuyInitialise

DraftKings's last stock rating was published by BTIG on Nov 12, 2024. The company gave DKNG a "Buy" 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 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$2.48B$1.54B$1.66B$1.77B$2.07B$1.38B$1.43B$1.50B$1.54B$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$2.62B$1.62B$1.75B$1.87B$2.18B$1.45B$1.51B$1.58B$1.56B$1.11B$1.11B$1.13B$1.30B$746.84M$806.73M$743.15M$846.74M$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$2.30B$1.43B$1.54B$1.64B$1.92B$1.28B$1.32B$1.36B$1.52B$1.11B$1.11B$1.13B$1.17B$658.33M$708.47M$652.64M$743.61M$441.42M$438.59M$412.20M$447.13M$236.85M$245.52M$236.21M$233.24M$131.76M$66.39M$104.37M$146.26M
# Analysts999988810171574923131219181716111111221111111111
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's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.13B, with a low forecast of $1.13B, and a high forecast of $1.13B. 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts999988810171574923131219181716111111221111111111
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$-1.55B$-961.94M$-1.04B$-1.11B$-1.29B$-861.55M$-892.66M$-935.40M$-962.58M$-693.87M$-695.32M$-719.79M$-777.31M$-440.69M$-478.01M$-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$-1.44B$-891.38M$-963.00M$-1.03B$-1.20B$-798.35M$-827.18M$-848.67M$-950.08M$-692.65M$-694.99M$-575.83M$-732.71M$-411.60M$-442.94M$-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$-1.64B$-1.02B$-1.10B$-1.17B$-1.37B$-909.08M$-941.90M$-984.95M$-975.08M$-695.10M$-695.65M$-863.75M$-815.54M$-466.94M$-504.38M$-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%0.65%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%

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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts999988810171574923131219181716111111221111111111
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$490.96M$-23.77M$193.31M$68.67M$299.55M$-109.89M$92.25M$2.70M$-4.03M$-199.97M$-4.33M$-773.89M$39.72M$-335.52M$-119.22M$-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$526.18M$-21.50M$207.17M$73.60M$321.03M$-99.41M$98.87M$15.55M$5.38M$-180.91M$-3.91M$-619.11M$125.77M$-196.52M$-107.85M$-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$444.15M$-25.47M$174.88M$62.12M$270.98M$-117.77M$83.46M$-6.76M$-18.82M$-214.32M$-4.64M$-928.67M$-26.48M$-388.24M$-127.77M$-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 %-------------1.12%0.84%0.65%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's average Quarter net income forecast for Jun 20 is $-93.73M, with a range of $-93.73M to $-93.73M. DKNG's average Quarter net income forecast represents a -19651.80% 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts999988810171574923131219181716111111221111111111
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$2.61B$1.62B$1.75B$1.86B$2.17B$1.45B$1.50B$1.57B$1.62B$1.17B$1.17B$890.33M$1.31B$740.46M$803.16M$739.86M$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$2.75B$1.71B$1.84B$1.96B$2.29B$1.53B$1.58B$1.65B$1.64B$1.17B$1.17B$1.07B$1.37B$784.56M$847.47M$780.68M$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$2.42B$1.50B$1.62B$1.72B$2.01B$1.34B$1.39B$1.43B$1.60B$1.16B$1.17B$712.26M$1.23B$691.58M$744.24M$685.59M$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'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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts999988810171574923131219181716111111221111111111
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$1.01$-0.05$0.40$0.14$0.62$-0.23$0.19$0.01$-0.01$-0.41$-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$1.08$-0.04$0.43$0.15$0.66$-0.20$0.20$0.03$0.01$-0.37$-0.01$-0.26$0.26$-0.40$-0.22$-0.79$-0.56$-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$0.91$-0.05$0.36$0.13$0.56$-0.24$0.17$-0.01$-0.04$-0.44$-0.01$-0.31$-0.05$-0.80$-0.26$-0.94$-0.66$-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%

According to 11 Wall Street analysts, DraftKings's projected average Quarter EPS for Jun 20 is $-0.20, with a low estimate of $-0.20 and a high estimate of $-0.20. 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$8.91$19.50118.86%Buy
IGTInternational Game$17.90$28.2958.04%Buy
ACELAccel Entertainment$11.35$14.7529.96%Buy
DKNGDraftKings$40.72$49.1320.65%Buy
LNWLight & Wonder$89.80$107.8020.04%Buy
AGSPlayAGS$11.52$13.1714.32%Buy
RSIRush Street Interactive$13.87$15.008.15%Buy
EVRIEveri$13.50$14.255.56%Hold

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 30 'Buy' recommendations, accounting for 68.18% of DKNG's total ratings.

What is DKNG's price target?

DraftKings (DKNG) average price target is $49.13 with a range of $33 to $62, implying a 21.76% from its last price of $40.35. 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 21.76% (from the last price of $40.35 to the average price target of $49.13), up by 53.66% based on the highest stock price target, and down by -18.22% based on the lowest stock price target.

Can DraftKings stock reach $60?

DKNG's highest twelve months analyst stock price target of $62 supports the claim that DraftKings can reach $60 in the near future.

What are DraftKings's analysts' financial forecasts?

DraftKings's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.37B (high $6.72B, low $5.88B), average EBITDA is $-3.984B (high $-3.673B, low $-4.201B), average net income is $284.62M (high $336.04M, low $229.91M), average SG&A $6.69B (high $7.06B, low $6.17B), and average EPS is $0.585 (high $0.691, low $0.473). DKNG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.45B (high $7.86B, low $6.91B), average EBITDA is $-4.66B (high $-4.318B, low $-4.917B), average net income is $729.17M (high $785.44M, low $655.67M), average SG&A $7.83B (high $8.26B, low $7.26B), and average EPS is $1.5 (high $1.62, low $1.35).

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 $-2.35B by -75.01%. The company's net income was $-802M, missing the average estimation of $-1.119B by -28.29%. Apple's SG&A was $1.81B, missing the average forecast of $3.59B by -49.65%. 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 $-777M by -101.47%. DraftKings's net income was $-44.621M, missing the average estimation of $39.72M by -212.35%. The company's SG&A was $469.85M, missing the average forecast of $1.31B by -64.03%. Lastly, the company's EPS was $-0.0953, missing the average prediction of $0.0817 by -216.66%