DraftKings Inc. (DKNG)
NASDAQ: DKNG · Real-Time Price · USD
40.94
-0.16 (-0.39%)
At close: Sep 26, 2024, 4:00 PM
40.85
-0.09 (-0.22%)
After-hours: Sep 26, 2024, 7:59 PM EDT
DraftKings Stock Forecast
Stock Price Forecast
The 26 analysts with 12-month price forecasts for DraftKings stock have an average target of 49.42, with a low estimate of 28 and a high estimate of 60. The average target predicts an increase of 20.71% from the current stock price of 40.94.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for DraftKings stock from 26 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 16 | 15 | 15 | 15 | 14 | 14 |
| Buy | 10 | 10 | 10 | 11 | 10 | 10 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Total | 30 | 28 | 28 | 29 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $48 → $54 | Buy | Maintains | $48 → $54 | +31.90% | Sep 26, 2024 |
| Needham | Needham | Strong Buy Reiterates $60 | Strong Buy | Reiterates | $60 | +46.56% | Sep 23, 2024 |
| Needham | Needham | Strong Buy Reiterates $60 | Strong Buy | Reiterates | $60 | +46.56% | Sep 16, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Reiterates $47 | Buy | Reiterates | $47 | +14.80% | Sep 11, 2024 |
| Needham | Needham | Strong Buy Reiterates $60 | Strong Buy | Reiterates | $60 | +46.56% | Sep 9, 2024 |
Financial Forecast
Revenue This Year
5.24B
from 3.67B
Increased by 42.99%
Revenue Next Year
6.34B
from 5.24B
Increased by 20.93%
EPS This Year
-0.28
from -1.73
EPS Next Year
0.72
from -0.28
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.5B | 6.9B | 8.3B | ||
| Avg | 5.2B | 6.3B | 7.3B | ||
| Low | 4.8B | 5.7B | 6.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 49.6% | 32.3% | 30.7% | ||
| Avg | 43.0% | 20.9% | 15.8% | ||
| Low | 31.0% | 8.9% | -3.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.04 | 1.04 | 2.76 | ||
| Avg | -0.28 | 0.72 | 1.79 | ||
| Low | -0.42 | 0.30 | 1.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 280.9% | ||
| Avg | - | - | 146.4% | ||
| Low | - | - | 37.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.