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

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for DKNG

Based on 20 analysts offering 12 month price targets for Draftkings Inc.
Min Forecast
$35.00-7.72%
Avg Forecast
$50.30+32.61%
Max Forecast
$60.00+58.19%

Should I buy or sell DKNG stock?

Based on 20 analysts offering ratings for Draftkings Inc.
Strong Buy
Strong Buy
14 analysts 70%
Buy
5 analysts 25%
Hold
1 analysts 5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their DKNG stock forecasts and price targets.

DKNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-10-14
lockedlocked$00.00+00.00%2024-10-07
lockedlocked$00.00+00.00%2024-10-07Find Out Why
lockedlocked$00.00+00.00%2024-10-04Find Out Why
lockedlocked$00.00+00.00%2024-09-26
Needham
Top 32%
69
BuyReiterates$60.00+58.19%2024-09-23
Morgan Stanley
Top 18%
83
Strong BuyReiterates$47.00+23.91%2024-09-11
UBS
Top 6%
95
Strong BuyMaintains$58.00+52.91%2024-09-04
Macquarie
Top 23%
78
BuyMaintains$50.00+31.82%2024-08-26Find out why
Truist Securities
Top 13%
88
Strong BuyMaintains$50.00+31.82%2024-08-14

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Forecast return on equity

Is DKNG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
49.42%

Forecast return on assets

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

DKNG earnings per share forecast

What is DKNG's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
-$0.31
Avg 2 year Forecast
$0.65
Avg 3 year Forecast
$1.54

DKNG revenue forecast

What is DKNG's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$5.2B+19.99%
Avg 2 year Forecast
$6.2B+44.4%
Avg 3 year Forecast
$7.2B+67.95%
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
18.91%
Industry
18.91%
Market
9.86%
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$37.93$50.30+32.61%Strong Buy
CHDN$138.69$161.38+16.36%Strong Buy
LNW$94.53$107.60+13.83%Buy
IGT$20.47$29.00+41.67%Strong Buy
RSI$11.36$13.75+21.04%Strong Buy
View Top Gambling Stocks

Draftkings Stock Forecast FAQ

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

The consensus among 20 Wall Street analysts covering (NASDAQ: DKNG) stock is to Strong Buy DKNG stock.

Out of 20 analysts, 14 (70%) are recommending DKNG as a Strong Buy, 5 (25%) are recommending DKNG as a Buy, 1 (5%) are recommending DKNG as a Hold, 0 (0%) 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 earnings growth forecast for 2024-2026?

(NASDAQ: DKNG) Draftkings's forecast annual earnings growth rate of N/A is not forecast to beat the US Gambling industry's average forecast earnings growth rate of N/A, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.85%.

Draftkings's earnings in 2024 is -$406,470,000.On average, 9 Wall Street analysts forecast DKNG's earnings for 2024 to be -$150,514,426, with the lowest DKNG earnings forecast at -$199,067,466, and the highest DKNG earnings forecast at -$87,395,473. On average, 9 Wall Street analysts forecast DKNG's earnings for 2025 to be $316,128,847, with the lowest DKNG earnings forecast at $150,514,426, and the highest DKNG earnings forecast at $432,122,060.

In 2026, DKNG is forecast to generate $745,774,702 in earnings, with the lowest earnings forecast at $524,372,837 and the highest earnings forecast at $956,494,898.

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

(NASDAQ: DKNG) Draftkings's forecast annual revenue growth rate of 18.91% is not forecast to beat the US Gambling industry's average forecast revenue growth rate of 18.91%, and while it is forecast to beat the US market's average forecast revenue growth rate of 9.86%.

Draftkings's revenue in 2024 is $4,300,251,000.On average, 9 Wall Street analysts forecast DKNG's revenue for 2024 to be $2,505,226,188,868, with the lowest DKNG revenue forecast at $2,494,606,667,850, and the highest DKNG revenue forecast at $2,523,467,566,184. On average, 9 Wall Street analysts forecast DKNG's revenue for 2025 to be $3,014,886,483,935, with the lowest DKNG revenue forecast at $2,844,293,434,017, and the highest DKNG revenue forecast at $3,155,947,632,500.

In 2026, DKNG is forecast to generate $3,506,705,478,741 in revenue, with the lowest revenue forecast at $3,147,352,287,740 and the highest revenue forecast at $3,768,201,473,205.

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 20 Wall Street analysts that have issued a 1 year DKNG price target, the average DKNG price target is $50.30, with the highest DKNG stock price forecast at $60.00 and the lowest DKNG stock price forecast at $35.00.

On average, Wall Street analysts predict that Draftkings's share price could reach $50.30 by Oct 14, 2025. The average Draftkings stock price prediction forecasts a potential upside of 32.61% from the current DKNG share price of $37.93.

What is DKNG's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: DKNG) Draftkings's current Earnings Per Share (EPS) is -$0.87. On average, analysts forecast that DKNG's EPS will be -$0.31 for 2024, with the lowest EPS forecast at -$0.41, and the highest EPS forecast at -$0.18. On average, analysts forecast that DKNG's EPS will be $0.65 for 2025, with the lowest EPS forecast at $0.31, and the highest EPS forecast at $0.89. In 2026, DKNG's EPS is forecast to hit $1.54 (min: $1.08, max: $1.97).

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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