DraftKings (DKNG) Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 4 sell ratings, 5 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DKNG shares.
View DKNG analyst ratings or view top-rated stocks.

30 brokerages have issued 12 month price objectives for DraftKings' shares. Their DKNG share price forecasts range from $15.00 to $44.00. On average, they predict the company's share price to reach $33.57 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
View analysts price targets for DKNG or view top-rated stocks among Wall Street analysts.

DraftKings' stock was trading at $11.39 at the start of the year. Since then, DKNG shares have increased by 154.7% and is now trading at $29.01.
View the best growth stocks for 2023 here.

DraftKings saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 26,520,000 shares, an increase of 9.3% from the August 31st total of 24,270,000 shares. Based on an average daily volume of 11,460,000 shares, the short-interest ratio is presently 2.3 days.
View DraftKings' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our DKNG earnings forecast.

DraftKings Inc. (NASDAQ:DKNG) posted its earnings results on Thursday, August, 3rd. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.07. The company had revenue of $874.93 million for the quarter, compared to analyst estimates of $762.25 million. DraftKings had a negative trailing twelve-month return on equity of 97.42% and a negative net margin of 38.90%.

ETFs with the largest weight of DraftKings (NASDAQ:DKNG) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), Pacer BlueStar Digital Entertainment ETF (ODDS), ARK Fintech Innovation ETF (ARKF), Jacob Forward ETF (JFWD), Adaptiv Select ETF (ADPV), Roundhill Sports Betting & iGaming ETF (BETZ), VanEck Gaming ETF (BJK) and SoFi Web 3 ETF (TWEB).

DraftKings issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.46 billion-$3.54 billion, compared to the consensus revenue estimate of $3.27 billion.

102 employees have rated DraftKings Chief Executive Officer Jason Robins on Glassdoor.com. Jason Robins has an approval rating of 99% among the company's employees. This puts Jason Robins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other DraftKings investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), Block (SQ), DocuSign (DOCU), Boeing (BA), Alibaba Group (BABA), PayPal (PYPL) and Walt Disney (DIS).

DraftKings trades on the NASDAQ under the ticker symbol "DKNG."

DraftKings' stock is owned by many different retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (2.11%), Hein Park Capital Management LP (1.52%), Sumitomo Mitsui Trust Holdings Inc. (1.28%), Capital Research Global Investors (1.03%), Whale Rock Capital Management LLC (0.95%) and Geode Capital Management LLC (0.76%). Insiders that own company stock include Erik Bradbury, Gary W Rollins, Hany M Nada, Harry Sloan, Jason Park, Jason Robins, John S Salter, Matthew Kalish, Paul Liberman, R Stanton Dodge, Shalom Meckenzie, Steven Joseph Murray and Woodrow Levin.
View institutional ownership trends.

Shares of DKNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of DKNG stock can currently be purchased for approximately $29.01.

DraftKings (NASDAQ:DKNG) has a market capitalization of $24.86 billion and generates $2.24 billion in revenue each year. The company earns $-1,377,990,000.00 in net income (profit) each year or ($2.57) on an earnings per share basis.

The company employs 4,200 workers across the globe.

DraftKings' mailing address is 2121 AVENUE OF THE STARS SUITE 2300, LOS ANGELES CA, 90067. The official website for the company is www.draftkings.com. The company can be reached via phone at 617-986-6744 or via email at investors@draftkings.com.