S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
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How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
NASDAQ:DKNG

DraftKings (DKNG) Stock Price, News & Analysis

$43.53
+0.21 (+0.48%)
(As of 03/1/2024 ET)
Today's Range
$42.72
$43.65
50-Day Range
$32.21
$44.57
52-Week Range
$17.02
$45.62
Volume
6.38 million shs
Average Volume
13.24 million shs
Market Capitalization
$37.72 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$43.48

DraftKings MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
0.1% Downside
$43.48 Price Target
Short Interest
Healthy
2.27% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
0.57mentions of DraftKings in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$92.01 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.24) to $0.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.13 out of 5 stars

Consumer Discretionary Sector

135th out of 264 stocks

Miscellaneous Amusement & Recreation Services Industry

11th out of 19 stocks


DKNG stock logo

About DraftKings Stock (NASDAQ:DKNG)

DraftKings Inc. is a digital sports entertainment and gaming company serving industry and gamers alike. The company offers multi-channel sports betting and gaming technologies that are used by sports and gaming entertainment operators in 17 countries. In the U.S., the company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states.

DraftKings is headquartered in Boston, Massachusetts, and is the only vertically integrated online gambling platform headquartered in the US and targeting US gamers. The company was founded in 2011 by three close friends and went public in 2020 with a listing on the NASDAQ stock exchange. The initial offering is noteworthy because the company went public via merger with a SPAC formerly known as Diamond Eagle Acquisition Company.

Draftkings is run by Jason Robins, Matt Kalish, and Paul Liberman. The three started as friends but turned into cofounders, entrepreneurs, and corporate executives. Robins is CEO and in charge of corporate operations while Kalish and Liberman are president of DraftKings North America and Global Technology and Product respectively. Together, they manage a team of 10 executives and a network of 14 locations including 8 outside the US.

The company began as a dream to improve fantasy sports leagues. The goal was to change the way fantasy sports were played and open the door to a host of new gaming opportunities. The product was first launched in 2012 and now the company’s daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories.

Draftkings sets itself apart from the average fantasy sports provider by not only offering the widest selection of sports but the most control for the players. Players can re-draft new line-ups at will for most sports and there are daily contests within each league. The idea is for players to have a chance to win on a seasonal, quarterly, monthly, weekly, and daily basis.

DraftKings Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The Sportsbook connects sports fans with legal sports betting operations in states with legalized gambling.

DraftKings expanded its offering with the launch of DraftKings Casino. DraftKings Casino is home to all the favorite table and slot-machine games but in a digital format. The Casino games are available on desktop and mobile like all of DraftKings offerings making them easily accessible to players.

In addition to gaming and sports betting, DraftKings is banking on the cryptocurrency revolution with DraftKings Marketplace. DraftKings Marketplace is a digital collectibles ecosystem designed for easy use that offers curated NFT drops and secondary-market transactions.

DraftKings SPAC merger included the addition of SBTech, a sports betting technology platform. DraftKings sports betting and casino technologies are available as a white-lable for businesses through this platform. SBTech offers an end-to-end solution including the gaming platforms and back-office services.

DraftKings also owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. Vegas Sports Information company can be accessed online or screened on live TV featuring world-renown sports commentators, players, and coaches.

DKNG Stock Price History

DKNG Stock News Headlines

Boyd Gaming stock: All signs point to a significant break higher (DKNG)
Boyd Gaming is down slightly a week after reporting fourth quarter earnings, but analysts continue to bid the stock higher making this a buyable dip
2 laggard sports betting stocks that gained from the Super Bowl (DKNG)
The recent Super Bowl highlighted the popularity of legalized sportsbooks, and these are two sports betting stocks that should be getting your attention
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
DraftKings: New highs not a gamble for this market
A 5% move is substantial for an equity stock and may lead to a deeper correction or even a reversal in the price action. However, as bad as that sounds, the move in DraftKings is a healthy correction within a raging bull market that will lead to higher prices and new highs soon.
DraftKings: New highs not a gamble for this market
DraftKings had a solid quarter widening margin and preparing to move into new jurisdictions and markets: analysts defend their targets despite the miss.
DKNG Mar 2024 46.500 call
DKNG Mar 2024 36.500 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
DraftKings (NASDAQ:DKNG) PT Raised to $49.00
DKNG Mar 2024 36.000 call
DraftKings: Time For A Big Bet
DraftKings Inc. (NASDAQ:DKNG) Insider Sells $8,178,000.00 in Stock
DraftKings (NASDAQ:DKNG) Stock Rating Upgraded by Barclays
DKNG Mar 2024 38.500 put
Barclays Upgrades DraftKings (DKNG)
See More Headlines
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Company Calendar

Last Earnings
2/16/2024
Today
3/02/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:DKNG
Fax
N/A
Employees
4,400
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$43.48
High Stock Price Target
$60.00
Low Stock Price Target
$23.00
Potential Upside/Downside
-0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
26 Analysts

Profitability

Net Income
$-802,140,000.00
Pretax Margin
-21.59%

Debt

Sales & Book Value

Annual Sales
$3.67 billion
Book Value
$0.97 per share

Miscellaneous

Free Float
423,004,000
Market Cap
$37.72 billion
Optionable
Optionable
Beta
1.87

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Should I Buy DraftKings Stock? DKNG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of DraftKings was last updated on Sunday, February 25, 2024 at 4:06 PM.

Pros

Here are some ways that investors could benefit from investing in DraftKings Inc.:

  • DraftKings Inc. operates as a digital sports entertainment and gaming company, tapping into the growing online sports betting market.
  • The company provides online sports betting and daily fantasy sports platforms, offering a variety of gaming options to users.
  • Recent developments include the launch of a non-fungible token (NFT) platform, providing additional revenue streams and diversification.
  • DraftKings Inc. has shown resilience and adaptability in the face of changing market conditions, positioning itself for future growth.
  • Investors may find the current stock price of DraftKings Inc. attractive for potential long-term gains.

Cons

Investors should be bearish about investing in DraftKings Inc. for these reasons:

  • While the company has shown growth potential, the online sports betting market is highly competitive and subject to regulatory challenges.














DKNG Stock Analysis - Frequently Asked Questions

Should I buy or sell DraftKings stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DKNG shares.
View DKNG analyst ratings
or view top-rated stocks.

What is DraftKings' stock price target for 2024?

26 brokers have issued 1-year target prices for DraftKings' shares. Their DKNG share price targets range from $23.00 to $60.00. On average, they predict the company's stock price to reach $43.48 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for DKNG
or view top-rated stocks among Wall Street analysts.

How have DKNG shares performed in 2024?

DraftKings' stock was trading at $35.25 on January 1st, 2024. Since then, DKNG shares have increased by 23.5% and is now trading at $43.53.
View the best growth stocks for 2024 here
.

When is DraftKings' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DKNG earnings forecast
.

How were DraftKings' earnings last quarter?

DraftKings Inc. (NASDAQ:DKNG) issued its quarterly earnings data on Friday, February, 16th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.16. The business earned $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. DraftKings had a negative trailing twelve-month return on equity of 87.24% and a negative net margin of 21.88%. DraftKings's quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.53) EPS.

What guidance has DraftKings issued on next quarter's earnings?

DraftKings issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion.

What is Jason Robins' approval rating as DraftKings' CEO?

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.

What other stocks do shareholders of DraftKings own?

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).

Who are DraftKings' major shareholders?

DraftKings' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.57%), ARK Investment Management LLC (1.43%), Sumitomo Mitsui Trust Holdings Inc. (0.98%), Nikko Asset Management Americas Inc. (0.87%), Norges Bank (0.63%) and Nuveen Asset Management LLC (0.53%). 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
.

How do I buy shares of DraftKings?

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

This page (NASDAQ:DKNG) was last updated on 3/2/2024 by MarketBeat.com Staff