DraftKings Stock Forecast

Stock Price Forecast

The 30 analysts with 12-month price forecasts for DraftKings stock have an average target of 45.7, with a low estimate of 23 and a high estimate of 60. The average target predicts an increase of 13.06% from the current stock price of 40.42.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$23	$45.7	$50	$60
Change	-43.10%	+13.06%	+23.70%	+48.44%

Analyst Ratings

The average analyst rating for DraftKings stock from 30 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	12	12	13	13	15	16
Buy	8	8	8	10	10	10
Hold	5	5	3	2	2	2
Sell	0	0	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	26	26	26	27	29	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brandt Montour Barclays	Barclays	Buy Maintains $50 → $52	Buy	Maintains	$50 → $52	+28.65%	Apr 19, 2024
Ben Miller Goldman Sachs	Goldman Sachs	Strong Buy Initiates $60	Strong Buy	Initiates	$60	+48.44%	Apr 16, 2024
Stephen Grambling Morgan Stanley	Morgan Stanley	Buy Maintains $49 → $50	Buy	Maintains	$49 → $50	+23.70%	Apr 9, 2024
Joseph Greff JP Morgan	JP Morgan	Buy Maintains $55	Buy	Maintains	$55	+36.07%	Mar 28, 2024
Robert Fishman MoffettNathanson	MoffettNathanson	Strong Buy Maintains $52 → $55	Strong Buy	Maintains	$52 → $55	+36.07%	Mar 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.90B

from 3.67B

33.68%

from 3.67B

Revenue Next Year

3.74B

from 4.90B

-23.71%

from 4.90B

EPS This Year

-0.15

from -1.73

EPS Next Year

-0.55

from -0.15

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	4.90B	3.74B	5.78B	4.48B	6.73B	5.09B	5.82B	7.61B	7.45B	8.64B
Revenue Growth	42.93%	90.02%	110.90%	72.87%	63.60%	33.68%	-23.71%	54.49%	-22.37%	50.14%	-24.38%	14.34%	30.72%	-2.06%	15.98%
EPS	-0.77	-4.03	-3.78	-3.16	-1.73	-0.15	-0.55	0.80	0.22	1.75	0.62	1.71	3.01	3.95	-
EPS Growth	-	-	-	-	-	-	-	-	-72.82%	701.06%	-64.68%	177.69%	75.60%	31.19%	-
No. Analysts	-	-	-	-	-	36	20	33	11	21	4	3	3	3	5

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	8.7B	9.4B
Avg	3.7B	4.5B	5.1B	7.6B	8.6B
Low	3.2B	3.4B	3.6B	6.4B	7.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	16.2%	47.2%	34.5%	71.6%	23.6%
Avg	2.0%	19.9%	13.5%	49.5%	13.6%
Low	-11.5%	-8.0%	-20.1%	25.4%	-2.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.36	1.08	1.16	3.10	4.06
Avg	-0.55	0.22	0.62	3.01	3.95
Low	-1.40	-1.11	0.11	2.89	3.79

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	-	429.6%	401.9%	35.0%
Avg	-	-	183.0%	387.6%	31.2%
Low	-	-	-50.6%	368.5%	26.0%

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.