DraftKings (DKNG) Stock Forecast, Price & News

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 5 sell ratings, 7 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DKNG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DKNG, but not buy additional shares or sell existing shares.
View DKNG analyst ratings or view top-rated stocks.

29 analysts have issued 1-year price targets for DraftKings' shares. Their DKNG share price forecasts range from $12.00 to $36.00. On average, they predict the company's stock price to reach $24.80 in the next twelve months. This suggests a possible upside of 6.1% 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 105.3% and is now trading at $23.38.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our DKNG earnings forecast.

DraftKings Inc. (NASDAQ:DKNG) released its earnings results on Thursday, February, 16th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.63) by $0.10. The business had revenue of $855 million for the quarter, compared to analysts' expectations of $799.29 million. DraftKings had a negative net margin of 50.42% and a negative trailing twelve-month return on equity of 94.41%. The firm's revenue was up 80.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.80) earnings per share.

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

DraftKings updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.13 billion-$3.23 billion, compared to the consensus revenue estimate of $3.02 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 a number of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (2.83%), Sumitomo Mitsui Trust Holdings Inc. (1.56%), Nikko Asset Management Americas Inc. (1.56%), Redpoint Management LLC (0.81%), Geode Capital Management LLC (0.70%) and Two Sigma Investments LP (0.63%). 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 $23.38.

DraftKings (NASDAQ:DKNG) has a market capitalization of $19.99 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 ($2.90) 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.