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DraftKings Inc
NASDAQ:DKNG

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DraftKings Inc
NASDAQ:DKNG
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Price: 40.6 USD -2.5%
Updated: Apr 19, 2024
Section:
 

Wall Street
Price Targets

DKNG Price Targets Summary
DraftKings Inc

Wall Street analysts forecast DKNG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for DKNG is 50.78 USD with a low forecast of 28.28 USD and a high forecast of 63 USD.

DKNG Lowest Forecast
Wall Street Target
28.28 USD
30% Downside
DKNG Average Forecast
Wall Street Target
50.78 USD
25% Upside
DKNG Highest Forecast
Wall Street Target
63 USD
55% Upside
Lowest
Price Target
28.28 USD
30% Downside
Average
Price Target
50.78 USD
25% Upside
Highest
Price Target
63 USD
55% Upside

DKNG Last Price Targets
DraftKings Inc

The latest public price target was made on Apr 16, 2024 by Ben Miller from Goldman Sachs , who expects DKNG stock to rise by 48% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Ben Miller
Goldman Sachs
60 USD
Upside 48%
3 days ago
Apr 16, 2024
Goldman Sachs Starts DraftKings Inc. (DKNG) at Buy, 'Inflecting Profitability as Unit Economics Improve'
StreetInsider
Stephen Grambling
Morgan Stanley
50 USD
Upside 23%
1 week ago
Apr 9, 2024
DraftKings price target raised to $50 from $49 at Morgan Stanley
TheFly
Robert Fishman
MoffettNathanson
55 USD
Upside 35%
3 weeks ago
Mar 28, 2024
DraftKings Inc. (DKNG) PT Raised to $55 at MoffettNathanson
StreetInsider
Shaun Kelley
New Street
54 USD
Upside 33%
3 weeks ago
Mar 28, 2024
College prop ban would have 'de minimus' impact on DraftKings, says BofA
TheFly
Bernie McTernan
Needham
58 USD
Upside 43%
3 weeks ago
Mar 27, 2024
DraftKings Inc. (DKNG) PT Raised to $58 at Needham; Adds to Conviction List
StreetInsider
Ben Chaiken
Mizuho Securities
58 USD
Upside 43%
3 weeks ago
Mar 26, 2024
DraftKings Gains New Bullish Analyst: 'We Believe The Earnings Power Of DKNG Is Underappreciated'
Benzinga
Joseph Stauff
Susquehanna
54 USD
Upside 33%
3 weeks ago
Mar 25, 2024
DraftKings Inc. (DKNG) PT Raised to $54 at Susquehanna on 'potential upside'
StreetInsider
Jed Kelly
Oppenheimer
55 USD
Upside 35%
2 months ago
Feb 16, 2024
DraftKings Stock Hits 52-Week Highs: 7 Analysts Size Up Jackpocket Acquisition, Q4 Results, Future Growth
Benzinga
Jordan Bender
JMP Securities
42 USD
Upside 3%
2 months ago
Feb 16, 2024
DraftKings Stock Hits 52-Week Highs: 7 Analysts Size Up Jackpocket Acquisition, Q4 Results, Future Growth
Benzinga
Barry Jonas
Truist Financial
45 USD
Upside 11%
2 months ago
Feb 16, 2024
DraftKings Stock Hits 52-Week Highs: 7 Analysts Size Up Jackpocket Acquisition, Q4 Results, Future Growth
Benzinga
Brian Pitz
BMO Capital
43 USD
Upside 6%
3 months ago
Jan 9, 2024
DraftKings Analyst Bets Market Can Exceed $100B 'If Every State Legalized iGaming'
Benzinga
Bernie McTernan
Needham
50 USD
Upside 23%
4 months ago
Nov 20, 2023
DraftKings Favored By Analyst, Even If ESPN Bet Tops Chart: 'Unlikely To Change Industry's Competitive Intensity'
Benzinga
Curry Baker
Guggenheim
45 USD
Upside 11%
5 months ago
Nov 16, 2023
ESPN Bet Launches In 17 States, Offers $200 In Bonus Bets: Could Competition Spell Trouble For DraftKings?
Benzinga
Stephen Grambling
Morgan Stanley
36 USD
Downside 11%
5 months ago
Oct 30, 2023
DraftKings Q3 Earnings Preview: Analyst Estimates, Key Items To Watch, NFL Impact, What's Next
Benzinga
Bernie McTernan
Needham
44 USD
Upside 8%
7 months ago
Sep 18, 2023
DraftKings Bull Sees Sports Betting Winner: '$35B Opportunity'
Benzinga
Jed Kelly
Oppenheimer
40 USD
Downside 1%
8 months ago
Aug 9, 2023
Penn Entertainment Analysts On 'Landscape-Changing' Sports Betting Deal With ESPN: 'This Move Makes Sense'
Benzinga
Edward Engel
Roth Capital
20 USD
Downside 51%
8 months ago
Aug 4, 2023
5 Analysts On DraftKings Q2 Results: 'Operational Excellence,' 'Widening Its Competitive Gap,' Momentum To Continue
Benzinga
Stephen Grambling
Morgan Stanley
32 USD
Downside 21%
8 months ago
Aug 4, 2023
5 Analysts On DraftKings Q2 Results: 'Operational Excellence,' 'Widening Its Competitive Gap,' Momentum To Continue
Benzinga
Bernie McTernan
Needham
36 USD
Downside 11%
8 months ago
Aug 4, 2023
5 Analysts On DraftKings Q2 Results: 'Operational Excellence,' 'Widening Its Competitive Gap,' Momentum To Continue
Benzinga
Jordan Bender
JMP Securities
33 USD
Downside 19%
8 months ago
Aug 4, 2023
5 Analysts On DraftKings Q2 Results: 'Operational Excellence,' 'Widening Its Competitive Gap,' Momentum To Continue
Benzinga
Joseph Stauff
Susquehanna
39 USD
Downside 4%
8 months ago
Aug 4, 2023
5 Analysts On DraftKings Q2 Results: 'Operational Excellence,' 'Widening Its Competitive Gap,' Momentum To Continue
Benzinga
Edward Engel
MKM Partners
20 USD
Downside 51%
9 months ago
Jul 18, 2023
DraftKings To Register Positive 2Q EBITDA Amid Strength In Hold Rates: Analyst Forecasts
Benzinga
Barry Jonas
Truist Financial
26 USD
Downside 36%
9 months ago
Jun 20, 2023
DraftKings' Potential Revenue Synergy Of PointBet Acquisition Deal: Analyst Perspective
Benzinga
Jordan Bender
JMP Securities
26 USD
Downside 36%
11 months ago
May 5, 2023
DraftKings Q1 Beat Driven By High Customer Retention, Market Share Gains; Analysts Optimistic On Growth
Benzinga
Joseph Stauff
Susquehanna
28 USD
Downside 31%
11 months ago
May 5, 2023
DraftKings Q1 Beat Driven By High Customer Retention, Market Share Gains; Analysts Optimistic On Growth
Benzinga
Bernie McTernan
Needham
28 USD
Downside 31%
1 year ago
Apr 10, 2023
Sports Betting Boon: DraftKings Set To Benefit From Growing Handle And Margin Expansion, Analyst Says
Benzinga
John Eade
Argus Research
22 USD
Downside 46%
1 year ago
Mar 7, 2023
Argus Upgrades DraftKings Inc. (DKNG) to Buy
StreetInsider
Bernie McTernan
Needham
20.28 USD
Downside 50%
1 year ago
Feb 21, 2023
DraftKings To Rally Around 38%? Here Are 10 Other Analyst Forecasts For Tuesday
Benzinga
Edward Engel
Roth Capital
15 USD
Downside 63%
1 year ago
Feb 9, 2023
Why This DraftKings Analyst Is Turning Bearish Ahead Of Q4 Earnings
Benzinga
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Ben Miller
Goldman Sachs
Price Target 60 USD
Upside/Downside 48%
View Source
Stephen Grambling
Morgan Stanley
Price Target 50 USD
Upside/Downside 23%
View Source
Robert Fishman
MoffettNathanson
Price Target 55 USD
Upside/Downside 35%
View Source
Shaun Kelley
New Street
Price Target 54 USD
Upside/Downside 33%
View Source
Bernie McTernan
Needham
Price Target 58 USD
Upside/Downside 43%
View Source
Ben Chaiken
Mizuho Securities
Price Target 58 USD
Upside/Downside 43%
View Source
Joseph Stauff
Susquehanna
Price Target 54 USD
Upside/Downside 33%
View Source
Jed Kelly
Oppenheimer
Price Target 55 USD
Upside/Downside 35%
View Source
Jordan Bender
JMP Securities
Price Target 42 USD
Upside/Downside 3%
View Source
Barry Jonas
Truist Financial
Price Target 45 USD
Upside/Downside 11%
View Source
Brian Pitz
BMO Capital
Price Target 43 USD
Upside/Downside 6%
View Source
Bernie McTernan
Needham
Price Target 50 USD
Upside/Downside 23%
View Source
Curry Baker
Guggenheim
Price Target 45 USD
Upside/Downside 11%
View Source
Stephen Grambling
Morgan Stanley
Price Target 36 USD
Upside/Downside 11%
View Source
Bernie McTernan
Needham
Price Target 44 USD
Upside/Downside 8%
View Source
Jed Kelly
Oppenheimer
Price Target 40 USD
Upside/Downside 1%
View Source
Edward Engel
Roth Capital
Price Target 20 USD
Upside/Downside 51%
View Source
Stephen Grambling
Morgan Stanley
Price Target 32 USD
Upside/Downside 21%
View Source
Bernie McTernan
Needham
Price Target 36 USD
Upside/Downside 11%
View Source
Jordan Bender
JMP Securities
Price Target 33 USD
Upside/Downside 19%
View Source
Joseph Stauff
Susquehanna
Price Target 39 USD
Upside/Downside 4%
View Source
Edward Engel
MKM Partners
Price Target 20 USD
Upside/Downside 51%
View Source
Barry Jonas
Truist Financial
Price Target 26 USD
Upside/Downside 36%
View Source
Jordan Bender
JMP Securities
Price Target 26 USD
Upside/Downside 36%
View Source
Joseph Stauff
Susquehanna
Price Target 28 USD
Upside/Downside 31%
View Source
Bernie McTernan
Needham
Price Target 28 USD
Upside/Downside 31%
View Source
John Eade
Argus Research
Price Target 22 USD
Upside/Downside 46%
View Source
Bernie McTernan
Needham
Price Target 20.28 USD
Upside/Downside 50%
View Source
Edward Engel
Roth Capital
Price Target 15 USD
Upside/Downside 63%
View Source
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DraftKings Inc Competitors:
Price Targets
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FLTR
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JIN
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11% Upside
MCRI
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NXQ
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PBL
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22% Upside

Revenue
Forecast

Revenue Estimate
DraftKings Inc

For the last 4 years the compound annual growth rate for DraftKings Inc's revenue is 83%. The projected CAGR for the next 3 years is 12%.

83%
Past Growth
12%
Estimated Growth
Estimates Accuracy
5%
Average Beat
What are analyst estimates?

Operating Income
Forecast

Operating Income Estimate
DraftKings Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
-3%
Average Miss
What are analyst estimates?

Net Income
Forecast

Net Income Estimate
DraftKings Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
-4%
Average Miss
What are analyst estimates?

See Also

Summary
DKNG intrinsic value, competitors valuation, and company profile.
DCF Valuation
DKNG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
DKNG stock valuation using valuation multiples.
Wall Street Estimates
DKNG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
DKNG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is DKNG's stock price target?
Price Target
50.78 USD

According to Wall Street analysts, the average 1-year price target for DKNG is 50.78 USD with a low forecast of 28.28 USD and a high forecast of 63 USD.

What is DraftKings Inc's Revenue forecast?
Projected CAGR
12%

For the last 4 years the compound annual growth rate for DraftKings Inc's revenue is 83%. The projected CAGR for the next 3 years is 12%.

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