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DKNG

DraftKings (DKNG) Stock Forecast & Price Target

DraftKings (DKNG) Analyst Ratings

Based on 27 analyst ratings
Buy
Strong Buy 48%
Buy 44%
Hold 4%
Sell 4%
Strong Sell 0%

Bulls say

DraftKings has demonstrated significant growth in its online sports betting (OSB) segment, with a year-over-year increase in OSB handle accelerating to 10% and reaching 17% in October, indicating robust demand. The company is projected to achieve approximately $2.043 billion in revenue for the fourth quarter of 2024, reflecting an increase from previous estimates, alongside an EBITDA forecast of $300 million. DraftKings maintains a strong market presence, holding an 80% market share in monthly active users, and is well-positioned to capitalize on expansion opportunities and improvements in gross margins moving forward.

Bears say

DraftKings's stock has experienced a significant decline of approximately 40% since late August, in contrast to a 5% increase in the S&P 500 and a 20% drop in the US online sector, coinciding with a substantial reduction in consensus 2025 EBITDA guidance. The company's anticipated EBITDA for 2025 has been lowered to a range of $450-550 million from previous estimates of $800-900 million, underscoring challenges in maintaining profitability amid rising marketing expenses and low hold performance in key sports events. Additionally, concerns over customer acquisition costs and competitive market dynamics are likely to exert continued pressure on top-line growth and EBITDA forecasts, leading to further potential downgrades in future guidance.

DraftKings (DKNG) has been analyzed by 27 analysts, with a consensus rating of Buy. 48% of analysts recommend a Strong Buy, 44% recommend Buy, 4% suggest Holding, 4% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of DraftKings and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About DraftKings (DKNG) Forecast

Analysts have given DraftKings (DKNG) a Buy based on their latest research and market trends.

According to 27 analysts, DraftKings (DKNG) has a Buy consensus rating as of Feb 19, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $42.26, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $42.26, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

DraftKings (DKNG)


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