DraftKings Inc. (DKNG)
NASDAQ: DKNG · Real-Time Price · USD
40.35
+0.95 (2.41%)
At close: Dec 20, 2024, 4:00 PM
40.40
+0.05 (0.12%)
After-hours: Dec 20, 2024, 7:59 PM EST
DraftKings Stock Forecast
Stock Price Forecast
The 25 analysts with 12-month price forecasts for DraftKings stock have an average target of 50.72, with a low estimate of 28 and a high estimate of 62. The average target predicts an increase of 25.70% from the current stock price of 40.35.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for DraftKings stock from 25 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 15 | 14 | 14 | 13 | 14 | 12 |
| Buy | 11 | 10 | 10 | 11 | 11 | 11 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 29 | 26 | 26 | 26 | 27 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $47 → $53 | Buy | Maintains | $47 → $53 | +31.35% | Dec 13, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $50 → $55 | Strong Buy | Maintains | $50 → $55 | +36.31% | Nov 12, 2024 |
| Macquarie | Macquarie | Buy Maintains $50 → $51 | Buy | Maintains | $50 → $51 | +26.39% | Nov 11, 2024 |
| Barclays | Barclays | Buy Maintains $45 → $50 | Buy | Maintains | $45 → $50 | +23.92% | Nov 11, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $51 → $52 | Buy | Maintains | $51 → $52 | +28.87% | Nov 11, 2024 |
Financial Forecast
Revenue This Year
5.02B
from 3.67B
Increased by 36.82%
Revenue Next Year
6.51B
from 5.02B
Increased by 29.89%
EPS This Year
-0.77
from -1.73
EPS Next Year
0.52
from -0.77
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 5.2B | 6.9B | 8.5B | |||
| Avg | 5.0B | 6.5B | 7.7B | |||
| Low | 4.8B | 5.9B | 6.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 41.8% | 37.6% | 29.9% | |||
| Avg | 36.8% | 29.9% | 17.9% | |||
| Low | 30.4% | 17.3% | 6.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -0.57 | 0.91 | 2.08 | |||
| Avg | -0.77 | 0.52 | 1.43 | |||
| Low | -0.88 | -0.24 | -0.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | - | 303.1% | |||
| Avg | - | - | 177.9% | |||
| Low | - | - | - |
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.