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 $47.87 (represents a 9.92% upside from DKNG’s last price of $43.55) 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 $47.87 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 $19.00. This represents a potential 9.92% upside from DKNG's last price of $43.55.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 08, 2024	Carlo Santarelli	Deutsche Bank	-	-	-9.61%	-24.23%
Nov 08, 2024	Zachary Warring	CFRA	-	-	14.63%	5.63%
Nov 08, 2024	Matt Farrell	Piper Sandler	-	-	32.07%	21.70%
Oct 18, 2024	Jed Kelly	Mizuho Securities	-	-	64.67%	42.37%
Sep 10, 2024	Alistair Johnson	BNP Paribas	-	-	-2.51%	-19.63%
Sep 04, 2024	Joseph Stauff	Susquehanna	-	-	42.64%	10.22%
Aug 23, 2024	Ryan Sigdahl	Craig-Hallum	-	-	57.79%	30.88%
Aug 15, 2024	John Staszak	Argus Research	-	-	24.77%	-8.15%
Aug 13, 2024	Stephen Grambling	Morgan Stanley	-	-	57.45%	7.92%
Aug 05, 2024	Jeffrey Stantial	Stifel Nicolaus	-	-	49.91%	10.22%

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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 -24.23% decrease from DKNG last price ($43.55).

DraftKings Price Target by Period

	1M	3M	12M
# Anlaysts	3	7	45
Avg Price Target	$44.00	$47.71	$50.96
Last Closing Price	$43.55	$43.55	$43.55
Upside/Downside	1.03%	9.55%	17.01%

In the current month, the average price target of DraftKings stock is $44.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 1.03% increase as opposed to DraftKings's last price of $43.55. This month's average price target is down -7.78% compared to last quarter, and down -13.66% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 12, 2024	Cowen & Co.	Buy	Buy	Hold
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

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DraftKings's last stock rating was published by Cowen & Co. on Nov 12, 2024. The company gave DKNG a "Buy" rating, the same as its previous rate.

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	$2.50B	$1.57B	$1.64B	$1.74B	$2.07B	$1.38B	$1.42B	$1.49B	$1.55B	$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	$2.69B	$1.69B	$1.76B	$1.88B	$2.23B	$1.49B	$1.53B	$1.55B	$1.83B	$1.11B	$1.11B	$1.13B	$1.30B	$746.84M	$822.94M	$758.09M	$863.76M	$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	$2.35B	$1.47B	$1.54B	$1.64B	$1.95B	$1.30B	$1.34B	$1.36B	$1.50B	$1.11B	$1.11B	$1.13B	$1.17B	$658.33M	$719.16M	$662.49M	$754.83M	$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	9	9	9	8	8	8	10	16	8	7	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'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 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	9	9	9	8	8	8	10	16	8	7	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	$-1.56B	$-979.95M	$-1.02B	$-1.09B	$-1.30B	$-864.67M	$-887.93M	$-929.88M	$-971.74M	$-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	$-1.47B	$-921.77M	$-963.20M	$-1.02B	$-1.22B	$-813.34M	$-835.21M	$-849.29M	$-940.79M	$-692.65M	$-694.99M	$-575.83M	$-732.71M	$-411.60M	$-449.63M	$-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	$-1.68B	$-1.05B	$-1.10B	$-1.17B	$-1.39B	$-930.71M	$-955.74M	$-967.08M	$-1.15B	$-695.10M	$-695.65M	$-863.75M	$-815.54M	$-466.94M	$-514.51M	$-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 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	9	9	9	8	8	8	10	16	8	7	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	$525.18M	$-17.00M	$193.43M	$100.54M	$307.72M	$-107.92M	$90.01M	$1.18M	$7.87M	$-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	$577.32M	$-15.69M	$212.64M	$110.52M	$338.27M	$-99.59M	$98.94M	$5.43M	$110.20M	$-184.54M	$-3.99M	$-619.11M	$125.77M	$-196.52M	$-110.02M	$-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	$484.64M	$-18.68M	$178.50M	$92.78M	$283.97M	$-118.63M	$83.06M	$-2.36M	$-196.79M	$-219.83M	$-4.76M	$-928.67M	$-26.48M	$-388.24M	$-131.05M	$-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 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	9	9	9	8	8	8	10	16	8	7	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	$2.63B	$1.65B	$1.72B	$1.83B	$2.18B	$1.45B	$1.49B	$1.56B	$1.63B	$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	$2.83B	$1.77B	$1.85B	$1.97B	$2.34B	$1.56B	$1.61B	$1.62B	$1.92B	$1.17B	$1.17B	$1.07B	$1.37B	$784.56M	$864.50M	$796.37M	$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	$2.47B	$1.55B	$1.62B	$1.72B	$2.05B	$1.37B	$1.40B	$1.43B	$1.58B	$1.16B	$1.17B	$712.26M	$1.23B	$691.58M	$755.47M	$695.94M	$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 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	9	9	9	8	8	8	10	16	8	7	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	$1.08	$-0.03	$0.40	$0.21	$0.63	$-0.22	$0.19	-	$0.02	$-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	$1.19	$-0.03	$0.44	$0.23	$0.70	$-0.20	$0.20	$0.01	$0.23	$-0.38	$-0.01	$-0.27	$0.26	$-0.40	$-0.23	$-0.81	$-0.57	$-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	$1.00	$-0.04	$0.37	$0.19	$0.58	$-0.24	$0.17	$-0.00	$-0.40	$-0.45	$-0.01	$-0.32	$-0.05	$-0.80	$-0.27	$-0.96	$-0.68	$-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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
INSE	Inspired Entertainment	-	-	95.98%	Buy
IGT	International Game	-	-	48.97%	Buy
ACEL	Accel Entertainment	-	-	28.15%	Buy
EVRI	Everi	-	-	26.06%	Hold
AGS	PlayAGS	-	-	13.05%	Buy
LNW	Light & Wonder	-	-	12.73%	Buy
DKNG	DraftKings	-	-	9.92%	Buy
RSI	Rush Street Interactive	-	-	0.89%	Buy
NGMS	NeoGames	-	-	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 30 'Buy' recommendations, accounting for 68.18% of DKNG's total ratings.

What is DKNG's price target?

DraftKings (DKNG) average price target is $47.87 with a range of $19 to $105, implying a 9.92% from its last price of $43.55. 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 9.92% (from the last price of $43.55 to the average price target of $47.87), up by 141.10% based on the highest stock price target, and down by -56.37% based on the lowest stock price target.

Can DraftKings stock reach $70?

DKNG's highest twelve months analyst stock price target of $105 supports the claim that DraftKings can reach $70 in the near future.

What is DraftKings's current price target trend?

3 Wall Street analysts forecast a $44 price target for DraftKings (DKNG) this month, up 1.03% from its last price of $43.55. Compared to the last 3 and 12 months, the average price target increased by 9.55% and increased by 17.01%, 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 $6.36B (high $6.79B, low $5.94B), average EBITDA is $-3.978B (high $-3.716B, low $-4.248B), average net income is $290.98M (high $343.05M, low $246.03M), average SG&A $6.68B (high $7.14B, low $6.24B), and average EPS is $0.598 (high $0.706, low $0.506). DKNG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.45B (high $8.02B, low $7.01B), average EBITDA is $-4.656B (high $-4.38B, low $-5.012B), average net income is $802.15M (high $884.79M, low $737.24M), average SG&A $7.82B (high $8.42B, low $7.36B), and average EPS is $1.65 (high $1.82, low $1.52).

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%