
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings has demonstrated robust growth in its online sports betting (OSB) segment, with year-over-year handle growth accelerating to 10%, complemented by a 17% increase in October. The company is strategically expanding its market reach through partnerships, notably benefiting from contracts with NBCUniversal and ESPN that enhance access to NBA, college football, and NFL content, which is projected to drive further customer engagement and revenue. Additionally, DraftKings has successfully transitioned to profitability and is positioning itself for double-digit revenue growth, with a strong emphasis on expanding its iCasino and predictive event platform, reinforcing a positive long-term outlook for the company's financial performance.
Bears say
DraftKings's stock has experienced a significant decline of approximately 40% since late August, which contrasts sharply with the S&P 500’s 5% gain during the same period. The company's reported EBITDA of -$126.5 million fell significantly short of both its revised guidance and consensus estimates, indicating challenges in profitability compounded by high launch costs for new products. Additionally, DraftKings has reduced its 2025 EBITDA expectations from a range of $800-$900 million down to $450-$550 million, reflecting ongoing volatility in sports betting outcomes and a potential loss in market share.
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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