
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings has effectively increased its structural sportsbook hold by 80 basis points year-over-year, surpassing company targets, indicating strong operational performance. The company's strategic focus on cross-selling has enhanced customer lifetime value (LTV) while decreasing churn rates, further driving revenue growth prospects. In 2024, the company raised its revenue guidance for 2025 by $50 million to a midpoint of $6.45 billion, showcasing confidence in its expanding market share and effective betting strategies, particularly in popular sports like NFL and NBA.
Bears say
DraftKings has experienced significant financial pressure, with adjusted EBITDA declining by approximately $104 million in the latest quarter, highlighting ongoing profitability challenges. The company is facing rising customer acquisition costs and weaker conversion rates, which could lead to further top-line misses and sustained EBITDA pressure. Additionally, while there was a slight adjustment to revenue estimates, the anticipated growth in sales and marketing investment has been offset by increased operational expenses, contributing to a negative financial outlook.
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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