$37.10
2.16% today
Nasdaq, Dec 30, 10:10 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 $52.02
Price $37.92
Potential
Number of Estimates 33
33 Analysts have issued a price target DraftKings 2025 . The average DraftKings target price is $52.02. 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 4.92
63.60% 34.11%
EBITDA Margin -15.00% 5.39%
74.97% 135.94%
Net Margin -22.99% -7.55%
66.54% 67.16%

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

$4.9b
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. This is
6.73% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$5.0b 7.56%
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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 34.11%
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2025
$6.4b 29.98%
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2026
$7.5b 17.47%
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2027
$8.4b 12.47%
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2028
$9.6b 13.78%
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30 Analysts have issued an DraftKings EBITDA forecast 2024. The average DraftKings EBITDA estimate is

$265m
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. This is
216.35% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$283m 224.03%
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, the lowest is
$234m 202.72%
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.

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

EBITDA Estimates

2023 $-550m 59.05%
2024
$265m 148.21%
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2025
$946m 257.00%
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2026
$1.5b 58.61%
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2027
$2.0b 33.25%
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2028
$2.6b 30.44%
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EBITDA Margin

2023 -15.00% 74.97%
2024
5.39% 135.94%
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2025
14.81% 174.77%
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2026
20.00% 35.04%
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2027
23.69% 18.45%
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2028
27.16% 14.65%
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25 DraftKings Analysts have issued a net profit forecast 2024. The average DraftKings net profit estimate is

$-371m
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. This is
12.41% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-263m 37.93%
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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
$-371m 55.95%
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2025
$263m 170.96%
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2026
$695m 163.77%
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2027
$991m 42.61%
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2028
$1.6b 64.70%
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Net Margin

2023 -22.99% 66.54%
2024
-7.55% 67.16%
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2025
4.12% 154.57%
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2026
9.26% 124.76%
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2027
11.74% 26.78%
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2028
16.99% 44.72%
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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 -0.76
45.25% 56.07%
P/E negative
EV/Sales 3.85

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

$-0.76
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. This is
12.64% 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
$-0.54 37.93%
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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
$-0.76 56.07%
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2025
$0.54 171.05%
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2026
$1.43 164.81%
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2027
$2.03 41.96%
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2028
$3.35 65.02%
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P/E ratio

Current -43.75 167.91%
2024
-49.76 13.74%
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2025
70.13 240.94%
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2026
26.59 62.08%
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2027
18.64 29.90%
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2028
11.32 39.27%
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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 4.11 17.64%
2024
3.85 6.24%
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2025
2.96 23.06%
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2026
2.52 14.87%
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2027
2.24 11.09%
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2028
1.97 12.11%
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P/S ratio

Current 4.01 20.70%
2024
3.76 6.30%
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2025
2.89 23.06%
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2026
2.46 14.87%
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2027
2.19 11.09%
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2028
1.93 12.11%
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