
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings has demonstrated significant growth, with online sports betting (OSB) handle accelerating to a year-over-year increase of 10% and further improving to 17% in October, indicating strong momentum in the sports betting market. The company is strategically enhancing its market reach through partnerships, including the NBCUniversal deal, which could boost viewership and engagement for NBA games, while maintaining a top revenue position in states where it operates. Additionally, DraftKings has transitioned to profitability and is well-positioned for double-digit revenue growth, particularly with innovative initiatives like the upcoming predictive event platform planned for late 2025 and its robust iCasino segment, which saw a year-over-year growth of 25%.
Bears say
DraftKings's stock has experienced a significant decline, falling approximately 40% since the end of August while the S&P 500 rose by 5%, highlighting investor concern amid poor performance metrics. In the third quarter, DraftKings reported an EBITDA loss of $126.5 million, substantially worse than both revised estimates and consensus figures, and subsequently reduced its EBITDA guidance for 2025 from a range of $800-900 million to $450-550 million, reflecting mounting operational challenges and higher launch costs. Furthermore, the company has witnessed slight market share loss characterized by an overall revenue guide cut, attributed to adverse sports outcomes that impacted revenue estimates by around $300 million.
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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