
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings demonstrates a strong growth trajectory, with online sports betting (OSB) handle growth accelerating to +10% year-over-year and reaching +17% in October 2023, indicating increasing consumer engagement in their offerings. The company maintains a competitive position as it holds the second or third revenue share across states, complemented by a notable expansion in partnerships that enhance reach, such as the recent NBCUniversal contract for NBA coverage. With consistent revenue growth from both OSB and iGaming, as well as a shift to profitability, DraftKings is strategically poised for continued double-digit revenue growth moving forward.
Bears say
DraftKings has experienced a substantial decline in share price, falling approximately 40% since late August, contrasted with a 5% increase in the S&P 500 and a 20% drop in the U.S. online gaming sector. The company's recent EBITDA of -$126.5 million significantly deviated from both revised internal estimates and broader market expectations, partly due to increased launch costs for new products and unfavorable sports betting outcomes. Furthermore, DraftKings has downgraded its EBITDA guidance for 2025 to a range of $450-550 million from an initial projection of $800-900 million, indicating ongoing operational challenges and revenue impacts from poor NFL performance.
This aggregate rating is based on analysts' research of DraftKings and is not a guaranteed prediction by Public.com or investment advice.
DraftKings (DKNG) Analyst Forecast & Price Prediction
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