
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings has demonstrated strong growth metrics, with online sports betting (OSB) handle rising by 10% year-over-year, accelerating to 17% in October, and iCasino net gaming revenue (NGR) increasing by 25% year-over-year, indicating robust market demand for its offerings. The company is strategically positioned with partnerships enhancing its reach, particularly in the NBA, while also maintaining a leading market share in competitive states. With a focus on profitability and double-digit revenue growth, DraftKings is well-equipped to capitalize on emerging opportunities, especially with the planned launch of a predictive event platform in 2025 and ongoing share repurchases.
Bears say
DraftKings's shares have declined approximately 40% since late August, contrasting sharply with a modest 5% increase in the S&P 500, as well as a 20% decrease in the broader US online sector. The company's EBITDA for the third quarter was reported at a loss of $126.5 million, significantly worse than both their revised estimate and Street expectations, leading to an overall cut in their EBITDA guidance for 2025 from an initial $800-900 million down to $450-550 million. Additionally, a revenue guide reduction of approximately $300 million was attributed to adverse sports outcomes, further exacerbating concerns over market share losses and signaling potential volatility in future earnings.
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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