DraftKings Stock Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for DraftKings stock have an average target of 49.11, with a low estimate of 23 and a high estimate of 60. The average target predicts an increase of 32.95% from the current stock price of 36.94.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$23	$49.11	$52	$60
Change	-37.74%	+32.95%	+40.77%	+62.43%

Analyst Ratings

The average analyst rating for DraftKings stock from 28 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	13	15	16	15	15	15
Buy	10	10	10	10	10	10
Hold	2	2	2	1	1	1
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	27	29	30	28	28	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jed Kelly Oppenheimer	Oppenheimer	Buy Maintains $60 → $58	Buy	Maintains	$60 → $58	+57.01%	Jul 1, 2024
Curry Baker Guggenheim	Guggenheim	Strong Buy Maintains $53 → $52	Strong Buy	Maintains	$53 → $52	+40.77%	Jun 26, 2024
Daniel Politzer Wells Fargo	Wells Fargo	Buy Maintains $54 → $53	Buy	Maintains	$54 → $53	+43.48%	Jun 25, 2024
Bernie McTernan Needham	Needham	Strong Buy Reiterates $60	Strong Buy	Reiterates	$60	+62.43%	Jun 12, 2024
Joseph Stauff Susquehanna	Susquehanna	Buy Maintains $56 → $49	Buy	Maintains	$56 → $49	+32.65%	Jun 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

5.04B

from 3.67B

37.42%

from 3.67B

Revenue Next Year

3.74B

from 5.04B

-25.79%

from 5.04B

EPS This Year

-0.17

from -1.73

EPS Next Year

-0.55

from -0.17

Year	2019	2020	2021	2022	2023	2024	2024	2025	2025	2026	2026	2027	2027	2028	2028
Revenue	323.41M	614.53M	1.30B	2.24B	3.67B	5.04B	3.74B	5.98B	4.48B	6.92B	5.09B	5.82B	7.82B	7.45B	8.58B
Revenue Growth	42.93%	90.02%	110.90%	72.87%	63.60%	37.42%	-25.79%	59.87%	-24.98%	54.45%	-26.49%	14.34%	34.30%	-4.67%	15.17%
EPS	-0.77	-4.03	-3.78	-3.16	-1.73	-0.17	-0.55	0.84	0.22	1.85	0.62	1.71	3.83	4.84	-
EPS Growth	-	-	-	-	-	-	-	-	-73.89%	747.90%	-66.63%	177.69%	123.61%	26.31%	-
Forward PE	-	-	-	-	-	-	-	44.22	169.39	19.98	59.86	21.56	9.64	7.63	-
No. Analysts	-	-	-	-	-	36	20	36	11	26	4	3	5	4	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.3B	5.5B	6.0B	10.0B	11.0B
Avg	3.7B	4.5B	5.1B	7.8B	8.6B
Low	3.2B	3.4B	3.6B	6.7B	7.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	16.2%	47.2%	34.5%	97.1%	41.2%
Avg	2.0%	19.9%	13.5%	53.6%	9.8%
Low	-11.5%	-8.0%	-20.1%	30.9%	-9.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.36	1.08	1.16	4.33	5.46
Avg	-0.55	0.22	0.62	3.83	4.84
Low	-1.40	-1.11	0.11	3.35	4.20

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	-	429.6%	601.0%	42.5%
Avg	-	-	183.0%	520.9%	26.3%
Low	-	-	-50.6%	443.1%	9.7%

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.