$39.84
3.16% yesterday
Nasdaq, Nov 15, 10:15 pm CET
ISIN
US26142R1041
Symbol
DKNG

DraftKings Target price 2024 - Analyst rating & recommendation

DraftKings Classifications & Recommendation:

Buy
84%
Hold
16%

DraftKings Price Target

Target Price $51.22
Price $39.84
Potential
Number of Estimates 33
33 Analysts have issued a price target DraftKings 2025 . The average DraftKings target price is $51.22. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 37 analysts: 31 Analysts recommend DraftKings to buy, 6 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the DraftKings stock has an average upside potential 2025 of . Most analysts recommend the DraftKings stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 3.67 4.95
63.60% 34.97%
EBITDA Margin -15.00% 5.85%
74.97% 139.00%
Net Margin -22.99% -7.09%
66.54% 69.17%

31 Analysts have issued a sales forecast DraftKings 2024 . The average DraftKings sales estimate is

$4.9b
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. This is
7.41% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$5.3b 14.40%
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, the lowest is
$4.9b 5.91%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $3.7b 63.60%
2024
$4.9b 34.97%
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2025
$6.3b 28.10%
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2026
$7.5b 17.84%
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2027
$8.3b 11.46%
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2028
$9.6b 15.20%
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30 Analysts have issued an DraftKings EBITDA forecast 2024. The average DraftKings EBITDA estimate is

$289m
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. This is
227.01% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$549m 340.99%
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, the lowest is
$253m 211.04%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-550m 59.05%
2024
$289m 152.63%
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2025
$945m 226.53%
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2026
$1.5b 57.40%
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2027
$2.0b 32.03%
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2028
$2.6b 32.58%
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EBITDA Margin

2023 -15.00% 74.97%
2024
5.85% 139.00%
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2025
14.91% 154.87%
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2026
19.91% 33.53%
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2027
23.59% 18.48%
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2028
27.15% 15.09%
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25 DraftKings Analysts have issued a net profit forecast 2024. The average DraftKings net profit estimate is

$-351m
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. This is
17.20% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-82.8m 80.46%
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, the lowest is
$-443m 4.60%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-843m 45.25%
2024
$-351m 58.36%
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2025
$270m 176.84%
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2026
$700m 159.71%
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2027
$987m 40.93%
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2028
$1.6b 64.36%
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Net Margin

2023 -22.99% 66.54%
2024
-7.09% 69.17%
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2025
4.26% 160.08%
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2026
9.38% 120.19%
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2027
11.86% 26.44%
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2028
16.92% 42.66%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -1.73 -0.72
45.25% 58.38%
P/E negative
EV/Sales 4.02

25 Analysts have issued a DraftKings forecast for earnings per share. The average DraftKings <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-0.72
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. This is
17.24% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-0.17 80.46%
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, the lowest is
$-0.91 4.60%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-1.73 45.25%
2024
$-0.72 58.38%
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2025
$0.55 176.39%
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2026
$1.44 161.82%
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2027
$2.03 40.97%
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2028
$3.33 64.04%
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P/E ratio

Current -45.96 187.07%
2024
-55.30 20.32%
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2025
71.98 230.16%
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2026
27.71 61.50%
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2027
19.66 29.05%
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2028
11.96 39.17%
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Based on analysts' sales estimates for 2024, the DraftKings stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.32 11.66%
2024
4.02 6.99%
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2025
3.14 21.93%
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2026
2.66 15.14%
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2027
2.39 10.28%
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2028
2.07 13.19%
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P/S ratio

Current 4.22 15.04%
2024
3.93 6.90%
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2025
3.07 21.93%
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2026
2.60 15.14%
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2027
2.33 10.28%
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2028
2.03 13.20%
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