WallStreetZenWallStreetZen

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

OverviewForecast
EarningsDividendOwnership

Analyst price target for DKNG

Based on 21 analysts offering 12 month price targets for Draftkings Inc.
Min Forecast
$15.00-38.6%
Avg Forecast
$25.57+4.67%
Max Forecast
$36.00+47.36%

Should I buy or sell DKNG stock?

Based on 21 analysts offering ratings for Draftkings Inc.
Buy
Strong Buy
9 analysts 42.86%
Buy
5 analysts 23.81%
Hold
6 analysts 28.57%
Sell
0 analysts 0%
Strong Sell
1 analysts 4.76%

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
UBS
Top 5%
96
Strong BuyUpgrades$30.00+22.80%2023-05-22
Needham
Bottom 1%
1
BuyReiterates$36.00+47.36%2023-05-18
Morgan Stanley
Bottom 10%
10
Strong BuyMaintains$25.00+2.33%2023-05-16
Guggenheim
Top 23%
78
Strong BuyMaintains$32.00+30.99%2023-05-08Find out why
Roth Capital
Bottom 11%
11
Strong SellMaintains$18.00-26.32%2023-05-08Find out why
Truist Securities
Top 17%
84
HoldMaintains$26.00+6.43%2023-05-08Find out why
JMP Securities
Top 18%
83
BuyMaintains$29.00+18.71%2023-05-08Find out why
Wells Fargo
Bottom 20%
20
HoldMaintains$24.00-1.76%2023-05-08
Canaccord Genuity
Bottom 3%
3
Strong BuyMaintains$34.00+39.17%2023-05-08Find out why
TD Cowen
Bottom 7%
7
BuyMaintains$30.00+22.80%2023-05-08Find out why

1 of 3

Forecast return on equity

Is DKNG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
71.27%

Forecast return on assets

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

DKNG revenue growth forecast

How is DKNG forecast to perform vs Gambling companies and vs the US market?
Company
18.38%
Industry
18.38%
Market
8.44%
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$24.43$25.57+4.67%Buy
CHDN$137.54$144.50+5.06%Strong Buy
LNW$60.26$62.50+3.72%Buy
IGT$25.10$40.00+59.36%Strong Buy
MSGE$36.62$39.20+7.05%Buy
View Top Gambling Stocks

Draftkings Stock Forecast FAQ

Is Draftkings Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 21 Wall Street analysts covering (NASDAQ: DKNG) stock is to Buy DKNG stock.

Out of 21 analysts, 9 (42.86%) are recommending DKNG as a Strong Buy, 5 (23.81%) are recommending DKNG as a Buy, 6 (28.57%) are recommending DKNG as a Hold, 0 (0%) are recommending DKNG as a Sell, and 1 (4.76%) 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 forecast return on equity (ROE) for 2023-2026?

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

What is DKNG's Price Target?

According to 21 Wall Street analysts that have issued a 1 year DKNG price target, the average DKNG price target is $25.57, with the highest DKNG stock price forecast at $36.00 and the lowest DKNG stock price forecast at $15.00.

On average, Wall Street analysts predict that Draftkings's share price could reach $25.57 by May 22, 2024. The average Draftkings stock price prediction forecasts a potential upside of 4.67% from the current DKNG share price of $24.43.

What is DKNG's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: DKNG) forecast ROA is N/A, which is lower than the forecast US Gambling industry average of N/A.
©2023 WallStreetZen
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTube
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.