How to Buy Draftkings Stock
Draftkings Inc
DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries.
Draftkings stock last closed at $40.77, down 1.33% from the previous day, and has increased 8.89% in one year. It has underperformed other stocks in the Gambling industry by 0.02 percentage points. Draftkings stock is currently +42.11% from its 52-week low of $28.69, and -23.95% from its 52-week high of $53.61.
There are currently 496.29M shares of DKNG outstanding. The market cap of DKNG is $20.23B. In the past 24 hours, 6.8M DKNG shares were traded.
How to Buy Draftkings Stock
Not sure how to invest in Draftkings stock? Here's how.
- Decide where to buy Draftkings stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Draftkings stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your payment method and add your details.
- Research Draftkings stock: The Draftkings ticker symbol is DKNG. Is Draftkings stock a good investment? Should you buy shares of DKNG? How do DKNG's underlying business fundamentals look? Do top analysts think Draftkings is a good buy? Why has DKNG's stock price moved recently? (Hint: Our stock research tools can help you understand if DKNG is a good stock to buy).
- Make your DKNG purchase: Decide if you will purchase DKNG shares at the current market price or use a limit order to buy DKNG shares at a given price.
- Keep an eye on your DKNG investment: Create a watchlist to important updates regarding your investment in Draftkings shares.
Step 1: Decide where to buy Draftkings stock
You will need an online brokerage account to access the NASDAQ market and buy DKNG stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal information so you can invest in DKNG today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new trading account.
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Step 3: Deposit money your investment account
Now that you have filled out your info on the best stock broker app, you can securely and quickly fund your account:
Check out this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Research Draftkings stock
After you have identified the best place to buy Draftkings stock, it's absolutely critical to research their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Draftkings Numbers
DKNG Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on DKNG's stock page.
Is DKNG stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DKNG's intrinsic value.
Using relative valuations methods:
- DKNG may be overvalued based on its P/B ratio of 23.18x, relative to Gambling industry P/B ratio of 6.51x
You can do more valuation research on DKNG's stock here.
DKNG Financial Summary
Positive Health Checks:
- DKNG profit margin has gone up from -13.5% to -8% in the past year.
- There are more short-term assets than short-term liabilities on the DKNG balance sheet.
- Total DKNG debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- DKNG earnings of -$482.77M is not sufficient to cover its interest payments.
- DKNG's operating cash flow of $369.15M allows it to safely service it's debt of $1.92B.
- There are more long-term liabilities than short-term assets on the DKNG balance sheet.
- DKNG has a relatively high debt to equity ratio of 4.17.
Is Draftkings stock a Buy, Hold, or Sell, according to analysts?
Out of 21 sell side analysts who give forecasts on DKNG, the consensus analyst rating on Draftkings is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest DKNG Analyst Ratings
Joseph Stauff, a top 4% analyst from Susquehanna maintains DKNG with a strong buy rating and raises their DKNG price target from $42.00 to $52.00, on May 12, 2025.
Susquehanna's Joseph Stauff raised their price target on DraftKings (NASDAQ: DKNG) by 23.8% from $42 to $52 on 2025/05/12. The analyst maintained their Strong Buy rating on the stock.
DraftKings reported its Q1 2025 earnings.
Stauff predicted investors will welcome "the reduced near-term sports-hold volatility associated with the US sports offseason, 2025/05 through 2025/08."
Looking ahead, the analyst said that "the stock probably has a favorable near-term setup in the near-term because of the assumption that the state budget overhangs from Ohio and New Jersey will be appreciably lower than feared.
Earnings Report
For Q1 2025, DraftKings reported:
- EPS of $0.12, which missed the Zacks Consensus Estimate of $0.18 but beat Q1 2024's $(0.30).
- Revenue of $1.41B, which missed the Zacks Consensus Estimate by 0.98% but beat Q1 2024's $1.18B.
For FY 2025, management guided:
- Revenue of $6.2B to $6.4B, down from the prior 6.3B to $6.6B, representing 32% Y/Y growth.
CEO Jason Robins commented: “Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment.
“If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance.”
Chad Beynon, a top 16% analyst from Macquarie maintains DKNG with a buy rating and lowers their DKNG price target from $55.00 to $53.00, on May 12, 2025.
Ben Chaiken, a top 22% analyst from Mizuho maintains DKNG with a buy rating and lowers their DKNG price target from $59.00 to $58.00, on May 12, 2025.
Brandt Montour, a top 4% analyst from Barclays maintains DKNG with a strong buy rating and lowers their DKNG price target from $50.00 to $48.00, on May 12, 2025.
Currey Baker, a top 14% analyst from Guggenheim maintains DKNG with a strong buy rating and lowers their DKNG price target from $61.00 to $60.00, on May 12, 2025.
You can dive deeper into what analysts are projecting on the Draftkings stock forecast page.
DKNG Trading Indicators
DKNG Performance Numbers
Last year, DKNG revenue was $5.00B. During the last five year, DKNG's revenue has increased by 70.82% per year. This was faster than the Gambling industry average of 29.63%.
Dive into DKNG's earnings and revenue performance here.
Latest Insiders Trades at DKNG
Over the past 12 months, executives and large shareholders at DKNG have sold more shares than they have bought.
R. Stanton Dodge, Chief Legal Officer of DKNG, was the latest DKNG insider to sell. They sold $14,864.46 worth of DKNG stock on Jul 1, 2025.
Get more info about who owns DKNG shares here.
Can I get consistent income from DKNG stock?
No, Draftkings doesn't provide an income stream by paying out dividends.
What others are saying about DKNG
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your DKNG purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your DKNG investment
Now that you own some DKNG shares, you'll want to keep up with your new company.
Make a watchlist to track your DKNG stock.
DKNG Feed
How to Buy Stock in Draftkings
To summarize, here are the 6 steps to buy stock in Draftkings:
- Decide where to buy Draftkings stock
- Create your brokerage account
- Deposit money your investment account
- Research Draftkings stock
- Make your DKNG purchase
- Keep an eye on your DKNG investment
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Draftkings, create your watchlist below.
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