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NASDAQ: DKNG
Draftkings Inc Stock Forecast, Predictions & Price Target

Analyst price target for DKNG

Based on 22 analysts offering 12 month price targets for Draftkings Inc.
Min Forecast
$28.00-36.67%
Avg Forecast
$52.36+18.44%
Max Forecast
$60.00+35.72%

Should I buy or sell DKNG stock?

Based on 22 analysts offering ratings for Draftkings Inc.
Strong Buy
Strong Buy
16 analysts 72.73%
Buy
4 analysts 18.18%
Hold
1 analysts 4.55%
Sell
1 analysts 4.55%
Strong Sell
0 analysts 0%

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DKNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-15Find Out Why
lockedlocked$00.00+00.00%2024-05-06
lockedlocked$00.00+00.00%2024-05-06Find Out Why
lockedlocked$00.00+00.00%2024-05-06
lockedlocked$00.00+00.00%2024-05-06Find Out Why
BMO Capital
Top 29%
72
BuyMaintains$54.00+22.14%2024-05-06
BTIG
Top 16%
85
Strong BuyMaintains$54.00+22.14%2024-05-06Find out why
Needham
Bottom 2%
2
BuyMaintains$60.00+35.72%2024-05-06
Benchmark
Top 24%
77
Strong BuyMaintains$52.00+17.62%2024-05-03Find out why
Susquehanna
Top 5%
96
Strong BuyMaintains$56.00+26.67%2024-04-29Find out why

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Forecast return on equity

Is DKNG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
34.39%

Forecast return on assets

Is DKNG forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

DKNG revenue forecast

What is DKNG's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$5.0B+21.62%
Avg 2 year Forecast
$5.9B+45.27%
Avg 3 year Forecast
$6.9B+70.22%
DKNG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

DKNG revenue growth forecast

How is DKNG forecast to perform vs Gambling companies and vs the US market?
Company
19.31%
Industry
19.31%
Market
9.95%
DKNG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
DKNG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

DKNG vs Gambling Stocks

TickerPricePrice TargetUp/downsideConsensus
DKNG$44.21$52.36+18.44%Strong Buy
CHDN$133.62$147.60+10.46%Strong Buy
LNW$93.12$102.00+9.54%Buy
FLUT$206.50$239.20+15.84%Strong Buy
IGT$20.24$27.67+36.69%Buy

Draftkings Stock Forecast FAQ

Is Draftkings Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 22 Wall Street analysts covering (NASDAQ: DKNG) stock is to Strong Buy DKNG stock.

Out of 22 analysts, 16 (72.73%) are recommending DKNG as a Strong Buy, 4 (18.18%) are recommending DKNG as a Buy, 1 (4.55%) are recommending DKNG as a Hold, 1 (4.55%) are recommending DKNG as a Sell, and 0 (0%) are recommending DKNG as a Strong Sell.

If you're new to stock investing, here's how to buy Draftkings stock.

What is DKNG's revenue growth forecast for 2024-2026?

(NASDAQ: DKNG) Draftkings's forecast annual revenue growth rate of 19.31% is not forecast to beat the US Gambling industry's average forecast revenue growth rate of 19.31%, and while it is forecast to beat the US market's average forecast revenue growth rate of 9.95%.

Draftkings's revenue in 2024 is $4,070,737,000.On average, 9 Wall Street analysts forecast DKNG's revenue for 2024 to be $2,357,782,075,372, with the lowest DKNG revenue forecast at $2,336,401,060,227, and the highest DKNG revenue forecast at $2,402,788,071,703. On average, 8 Wall Street analysts forecast DKNG's revenue for 2025 to be $2,816,257,387,558, with the lowest DKNG revenue forecast at $2,739,286,304,505, and the highest DKNG revenue forecast at $2,922,022,859,983.

In 2026, DKNG is forecast to generate $3,299,915,408,629 in revenue, with the lowest revenue forecast at $3,111,102,715,052 and the highest revenue forecast at $3,488,623,809,217.

What is DKNG's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: DKNG) forecast ROA is N/A, which is lower than the forecast US Gambling industry average of N/A.

What is DKNG's Price Target?

According to 22 Wall Street analysts that have issued a 1 year DKNG price target, the average DKNG price target is $52.36, with the highest DKNG stock price forecast at $60.00 and the lowest DKNG stock price forecast at $28.00.

On average, Wall Street analysts predict that Draftkings's share price could reach $52.36 by May 15, 2025. The average Draftkings stock price prediction forecasts a potential upside of 18.44% from the current DKNG share price of $44.21.

What is DKNG's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: DKNG) forecast ROE is N/A, which is considered weak.
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