
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings has demonstrated impressive growth, with monthly unique payers reaching 4.3 million, reflecting a 28% year-over-year increase, driven by strong customer retention and the acquisition of Jackpocket. The company's adjusted gross margins are projected to improve to 46%, marking a 300 basis points year-over-year increase, which highlights operational efficiency and profitability potential. Additionally, even when excluding the impact of Jackpocket, average revenue per monthly unique payer (ARPMUPs) increased by 7%, indicating robust revenue generation capabilities.
Bears say
DraftKings has revised its EBITDA guidance downwards to a range of $6.2 billion to $6.4 billion, reflecting a reduction from the previous estimate of $6.3 billion to $6.6 billion, which signals a slowdown in expected growth at a year-over-year rate of 32%. Furthermore, the company's projected EBITDA for 2025 has also been lowered, indicating a negative impact from anticipated NCAA outcomes, which could lead to further challenges in revenue generation. These adjustments contribute to an overall cautious outlook for the company, as it grapples with potential headwinds in revenue and adjusted earnings growth metrics.
This aggregate rating is based on analysts' research of DraftKings and is not a guaranteed prediction by Public.com or investment advice.
DraftKings (DKNG) Analyst Forecast & Price Prediction
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