DraftKings Inc. (DKNG)
| Market Cap | 12.79B -25.3% |
| Revenue (ttm) | 6.29B +25.8% |
| Net Income | 58.64M |
| EPS | 0.09 |
| Shares Out | 496.13M |
| PE Ratio | 281.46 |
| Forward PE | 61.37 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,227,359 |
| Open | 25.00 |
| Previous Close | 25.00 |
| Day's Range | 24.70 - 25.97 |
| 52-Week Range | 20.46 - 48.78 |
| Beta | 1.67 |
| Analysts | Buy |
| Price Target | 34.80 (+34.99%) |
| Earnings Date | May 7, 2026 |
About DKNG
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbook... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 34 analysts, the average rating for DKNG stock is "Buy." The 12-month stock price target is $34.8, which is an increase of 34.99% from the latest price.
News
Vegas casino pulls plug on prediction market conference amid Nevada crackdown
The Nevada Gaming Commission sued the company over its sports event contracts, and the platform was briefly barred from operating in the state earlier this year, according to Barron's.
DraftKings Transcript: MoffettNathanson's 2026 Media, Internet & Communications Conference
Prediction markets are positioned as a major growth driver, leveraging core strengths, data, and national reach through a super app and media partnerships. Financial discipline guides investment, with a focus on expanding high-margin products and engaging new markets as regulatory clarity improves.
DraftKings price target lowered to $39 from $40 at Morgan Stanley
Morgan Stanley lowered the firm’s price target on DraftKings (DKNG) to $39 from $40 and keeps an Overweight rating on the shares.
DraftKings Announces Alan Ellingson's Participation in Upcoming Event
BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Alan Ellingson, the Company's Chief Financial Officer, will participate in the following ev...
DraftKings initiated with an Underperform at BNP Paribas
BNP Paribas initiated coverage of DraftKings (DKNG) with an Underperform rating and $20 price target The firm says the “dramatic rise” of predictions is “clouding” the company’s outlook. It sees…
DraftKings Transcript: AGM 2026
The virtual AGM confirmed quorum, introduced the board, and presented three proposals, all of which passed with over 90% approval. No shareholder questions were received, and final results will be filed with the SEC.
DraftKings price target raised to $45 from $44 at Mizuho
Mizuho analyst Ben Chaiken raised the firm’s price target on DraftKings (DKNG) to $45 from $44 and keeps an Outperform rating on the shares.
DraftKings price target raised to $30 from $29 at Citi
Citi analyst James Hardiman raised the firm’s price target on DraftKings (DKNG) to $30 from $29 and keeps a Buy rating on the shares following the Q1 beat. The company…
DraftKings price target raised to $27 from $24 at Northland
Northland raised the firm’s price target on DraftKings (DKNG) to $27 from $24 and keeps a Market Perform rating on the shares. While the firm believes early traction is yielding…
DraftKings price target lowered to $35 from $37 at Guggenheim
Guggenheim analyst Curry Baker lowered the firm’s price target on DraftKings (DKNG) to $35 from $37 and keeps a Buy rating on the shares. The firm, which has updated its…
DraftKings price target raised to $35 from $33 at Barclays
Barclays raised the firm’s price target on DraftKings (DKNG) to $35 from $33 and keeps an Overweight rating on the shares.
DraftKings price target raised to $32 from $31 at Wells Fargo
Wells Fargo raised the firm’s price target on DraftKings (DKNG) to $32 from $31 and keeps an Overweight rating on the shares. The company reported a small Q1 beat and…
DraftKings Bets on Exchange-Style Expansion As Sportsbook Sector Matures
Customer acquisition at scale is no longer the name of the online sports betting game. According to executives on DraftKings' Friday (May 8) first-quarter 2026 earnings call, competition is increasing...
DraftKings CEO Jason Robins on prediction markets
DraftKings CEO Jason Robins joined "Closing Bell: Overtime" to discuss the growth of prediction markets and more.
DraftKings price target raised to $30 from $28 at BTIG
BTIG raised the firm’s price target on DraftKings (DKNG) to $30 from $28 and keeps a Buy rating on the shares. The company’s Q1 results exceeded expectations on healthier sportsbook…
DraftKings Earnings Call Transcript: Q1 2026
Q1 revenue grew 17% year-over-year to over $1.6 billion, with adjusted EBITDA up 64% to $168 million. Fiscal 2026 guidance is reaffirmed, with $200–$300 million planned for predictions investment and strong core profitability. Customer acquisition costs for predictions dropped over 80% in April.
DraftKings Earnings release: Q1 2026
DraftKings released its Q1 2026 earnings on May 8, 2026, summarizing the period's financial results.
DraftKings Slides: Q1 2026
DraftKings has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 8, 2026.
DraftKings Quarterly report: Q1 2026
DraftKings has published its Q1 2026 quarterly earnings report on May 8, 2026.
DraftKings Swings to First-Quarter Profit on Better Sportsbook Margins
The online sports betting company posted a profit of $21.1 million on strong engagement from a growing roster of customers.
DraftKings reports Q1 adjusted EPS 20c, consensus 17c
Reports Q1 revenue $1.646B, consensus $1.63B. Monthly Unique Payers decreased 4% to 4.2M in the three months ended March 31, 2026 compared to the three months ended March 31, 2025,…
DraftKings backs FY25 revenue $6.5B-$6.9B, consensus $6.83B
“We are off to a fantastic start to the year as our first quarter results exceeded our expectations,” said Jason Robins, DraftKings (DKNG)’ Chief Executive Officer and Co-founder. “Our core…
DraftKings Reports First Quarter Revenue of $1,646 Million
BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2026 financial results. The Company also posted a first quarter 2026 business ...
DraftKings Earnings Are Coming. Watch Prediction Market Trends.
DraftKings earnings will give investors a closer look at how the sports-betting company is approaching the rise of prediction markets.
DraftKings Transcript: 29th Annual Global Conference
Prediction markets are increasingly used for fast, market-driven insights in finance, politics, and sports, supplementing traditional research and sentiment indicators. Regulatory oversight and innovation are shaping the industry, with integrity and adaptability as ongoing priorities.