
DraftKings (DKNG) Stock Forecast & Price Target
DraftKings (DKNG) Analyst Ratings
Bulls say
DraftKings has demonstrated positive momentum, with online sports betting (OSB) handle growth accelerating to +10% year-over-year, further increasing to +17% in October, indicative of strong market demand. The company's strategic partnerships, such as the NBCUniversal contract, are expected to enhance its presence in the NBA and provide a competitive edge, positioning DraftKings favorably in key markets where it maintains a top revenue share. Additionally, with management forecasting double-digit revenue growth and emphasizing the potential of emerging products such as predictive event platforms, DraftKings' transitioning to profitability marks a sustainable path for future financial success.
Bears say
DraftKings has experienced a significant decline in share price, down approximately 40% since late August, while the consensus 2025 EBITDA estimates have been cut by 40% compared to previous guidance. A reported EBITDA loss of $126.5 million was considerably worse than both revised internal estimates and market expectations, impacted by adverse outcomes and substantial launch costs associated with new products. Additionally, a revenue guide reduction forecasts 2025 EBITDA between $450 million and $550 million, down from earlier estimates of $800 million to $900 million, indicating ongoing financial struggles amidst competitive pressures in the online sports betting market.
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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