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Most-Upgraded StocksMost-Upgraded
NASDAQ:DKNG

DraftKings (DKNG) Stock Forecast, Price & News

$29.06
+0.35 (+1.22%)
(As of 09:34 AM ET)
Compare
Today's Range
$28.86
▼
$29.14
50-Day Range
$26.37
▼
$32.38
52-Week Range
$10.69
▼
$34.49
Volume
261,280 shs
Average Volume
12.17 million shs
Market Capitalization
$24.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.20
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

DraftKings MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
15.6% Upside
$33.20 Price Target
Short Interest
Healthy
2.83% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.40mentions of DraftKings in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$29.23 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.62) to ($0.51) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Consumer Discretionary Sector

209th out of 271 stocks

Miscellaneous Amusement & Recreation Services Industry

17th out of 18 stocks

See Top Rated MarketRank™ Stocks Here

DKNG stock logo

About DraftKings (NASDAQ:DKNG) Stock

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 Price History

DKNG Stock News Headlines

September 1, 2023 | marketbeat.com
3 Stocks to Buy Now Ahead of Seasonal September Tailwinds (DKNG)
It’s that time of year. Students are returning to classes again. NFL season is kicking off again. This means demand rises again for transportation. After a t
August 29, 2023 | marketbeat.com
8 Best Meme Stocks to Buy Now (DKNG)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
September 22, 2023 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
August 29, 2023 | marketbeat.com
The 5 Most Upgraded Stocks From Q2 Earnings Reporting Season (DKNG)
The analysts have spoken! These are the most upgraded stocks from the Q2 earnings reporting season and have double-digit upside potential.
August 24, 2023 | marketbeat.com
3 Gaming Stocks to Bet On For Gains in 2024
Gaming, specifically gambling, is growing in all segments and these companies are working hard to cement their positions and drive results for shareholders.
September 21, 2023 | msn.com
DraftKings Top Shareholder-Backed CoinScan Raises $6.3M To Combat Crypto Scams And Hacks
September 20, 2023 | marketwatch.com
DraftKings Inc. Cl A stock falls Wednesday, still outperforms market
September 20, 2023 | proactiveinvestors.com
Entain, Flutter & DraftKings battling for US sports betting dominance
September 22, 2023 | Altimetry (Ad)
WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
September 19, 2023 | americanbankingnews.com
DraftKings' (DKNG) "Buy" Rating Reiterated at Needham & Company LLC
September 18, 2023 | markets.businessinsider.com
DraftKings Bull Sees Sports Betting Winner: '$35B Opportunity'
September 18, 2023 | seekingalpha.com
DraftKings: Don't Go All-In Just Yet
September 17, 2023 | americanbankingnews.com
DraftKings (NASDAQ:DKNG) Receives "Market Outperform" Rating from JMP Securities
September 16, 2023 | msn.com
JMP Securities Reiterates DraftKings Inc. - (DKNG) Market Outperform Recommendation
September 15, 2023 | msn.com
Dow Jones Futures Rise After Bullish Market Rally; UAW Strike Underway
September 15, 2023 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: DraftKings (DKNG), DoubleVerify Holdings (DV) and Adobe (ADBE)
September 12, 2023 | msn.com
Cathie Wood dumps $15 million of one of Ark's largest holdings
September 12, 2023 | businessinsider.com
DraftKings apologizes after briefly offering a 'Never Forget' 9/11 anniversary-themed parlay
September 12, 2023 | msn.com
Cathie Wood dumps $15 million in one of Ark's largest holdings
September 12, 2023 | finance.yahoo.com
A Bull Market Is Coming: 2 Top Stocks to Buy Now That Could Help You Claim Your Share of the Profits
September 12, 2023 | americanbankingnews.com
DraftKings (NASDAQ:DKNG) Receives "Buy" Rating from Needham & Company LLC
September 11, 2023 | msn.com
DraftKings Apologizes For 9/11 'Never Forget' Parlay Promotion On Sportsbook App
September 11, 2023 | marketwatch.com
DraftKings issues apology for 9/11-themed betting promotion
September 10, 2023 | msn.com
This 1 Crazy Statistic Makes DraftKings Stock a Buy
September 9, 2023 | finance.yahoo.com
Insider Sell: R Dodge Sells 29,086 Shares of DraftKings Inc
September 8, 2023 | seekingalpha.com
DraftKings Is Priced For Perfection
September 7, 2023 | msn.com
DraftKings: Hitting On All Cylinders
See More Headlines
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DKNG Company Calendar

Last Earnings
8/03/2023
Today
9/22/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Miscellaneous amusement & recreation services
Sub-Industry
N/A
Sector
Consumer Discretionary
Current Symbol
NASDAQ:DKNG
CUSIP
N/A
CIK
1772757
Web
www.draftkings.com
Phone
617-986-6744
Fax
N/A
Employees
4,200
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$33.20
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+15.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
30 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.57)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-1,377,990,000.00
Net Margins
-38.90%
Pretax Margin
-38.37%
Return on Equity
-97.42%
Return on Assets
-29.98%

Debt

Debt-to-Equity Ratio
1.23
Current Ratio
1.60
Quick Ratio
1.60

Sales & Book Value

Annual Sales
$2.24 billion
Price / Sales
10.98
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.57 per share
Price / Book
18.29

Miscellaneous

Outstanding Shares
856,990,000
Free Float
418,296,000
Market Cap
$24.60 billion
Optionable
Optionable
Beta
1.82

Social Links

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Key Executives

  • Mr. Jason D. RobinsMr. Jason D. Robins (Age 42)
    Co-Founder, Chairman & CEO
    Comp: $3.73M
  • Mr. Paul LibermanMr. Paul Liberman (Age 39)
    Co-Founder, Pres of Global Technology & Product and Director
    Comp: $931.91k
  • Mr. Matthew KalishMr. Matthew Kalish (Age 41)
    Co-Founder, Pres of DraftKings North America & Director
    Comp: $880.33k
  • Mr. Jason K. ParkMr. Jason K. Park (Age 46)
    CFO & Principal Accounting Officer
    Comp: $1.57M
  • Mr. R. Stanton Dodge Esq.Mr. R. Stanton Dodge Esq. (Age 55)
    Chief Legal Officer & Sec.
    Comp: $1.09M
  • Mr. Joseph DeCristofaro
    VP of Investor Relations
  • Ms. Jennifer Aguiar
    Chief Compliance Officer
  • Mr. Timothy Dent (Age 58)
    Sr. VP of Regulatory Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













DKNG Stock - Frequently Asked Questions

Should I buy or sell DraftKings stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last year. There are currently 4 sell ratings, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DKNG shares.
View DKNG analyst ratings or view top-rated stocks.

What is DraftKings' stock price forecast for 2023?

30 brokers have issued 12 month price objectives for DraftKings' stock. Their DKNG share price forecasts range from $15.00 to $44.00. On average, they anticipate the company's share price to reach $33.20 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
View analysts price targets for DKNG or view top-rated stocks among Wall Street analysts.

How have DKNG shares performed in 2023?

DraftKings' stock was trading at $11.39 at the beginning of the year. Since then, DKNG stock has increased by 154.9% and is now trading at $29.03.
View the best growth stocks for 2023 here.

When is DraftKings' next earnings date?

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

How were DraftKings' earnings last quarter?

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

What ETFs hold DraftKings' stock?

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).

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

DraftKings issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share 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.

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).

What is DraftKings' stock symbol?

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

Who are DraftKings' major shareholders?

DraftKings' stock is owned by many different institutional and retail investors. Top institutional investors 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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is DraftKings' stock price today?

One share of DKNG stock can currently be purchased for approximately $29.03.

How much money does DraftKings make?

DraftKings (NASDAQ:DKNG) has a market capitalization of $24.88 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.

How many employees does DraftKings have?

The company employs 4,200 workers across the globe.

How can I contact DraftKings?

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.

This page (NASDAQ:DKNG) was last updated on 9/22/2023 by MarketBeat.com Staff

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