DraftKings (DKNG) Stock Price, News & Analysis

Company Overview

DraftKings Inc. is a digital sports entertainment and gaming company that provides online sports betting, daily fantasy sports and internet-based casino gaming. Its products are delivered through mobile applications and websites, allowing customers to wager on professional and collegiate sports, participate in fantasy contests and play a range of casino games where permitted by law.

The company also offers sports and betting-related content through DraftKings Network and operates additional gaming and entertainment products, including online lottery services in select markets. DraftKings serves customers primarily in the United States, with availability determined by individual state regulations, and has expanded its offerings into Ontario, Canada.

DraftKings was founded in 2012 by Jason Robins, Matthew Kalish and Paul Liberman. The company became publicly traded in 2020 through a business combination with Diamond Eagle Acquisition Corp., alongside the acquisition of sportsbook technology provider SBTech. Jason Robins serves as co-founder and chief executive officer.

Key Stats

• Today's Range: $19.17 to $19.90
• 50-Day Range: $18.59 to $26.17
• 52-Week Range: $18.52 to $36.98
• Volume: 10.15 million shs
• Average Volume: 13.61 million shs
• Market Capitalization: $9.76 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $33.70
• Consensus Rating: Moderate Buy

DraftKings Stock Analysis - MarketRank™

DraftKings scored higher than 85% of companies evaluated by MarketBeat, and ranked 157th out of 484 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

DraftKings has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 strong buy rating, 30 buy ratings, 7 hold ratings, and 2 sell ratings.

Upside Potential

DraftKings has a consensus price target of $33.83, representing about 72.0% upside from its current price of $19.66.

Amount of Analyst Coverage

DraftKings has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 202.50%

Earnings Growth

Earnings for DraftKings are expected to grow by 202.50% in the coming year, from $0.40 to $1.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DraftKings is -51.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of DraftKings is -51.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

DraftKings has a PEG Ratio of 1.97. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

DraftKings has a P/B Ratio of 15.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.51% of the float of DraftKings has been sold short.

Short Interest Ratio / Days to Cover

DraftKings has a short interest ratio ("days to cover") of 2.21, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DraftKings has recently increased by 0.79%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

DraftKings does not currently pay a dividend.

Dividend Growth

DraftKings does not have a long track record of dividend growth.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 0.61

News Sentiment

DraftKings has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for DraftKings this week, compared to 10 articles on an average week.

Search Interest

61 people have searched for DKNG on MarketBeat in the last 30 days. This is an increase of 74% compared to the previous 30 days.

MarketBeat Follows

11 people have added DraftKings to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days.

Company Ownership

• Score: 1.9 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, DraftKings insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $258,754.00 in company stock.

Percentage Held by Insiders

47.18% of the stock of DraftKings is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

37.70% of the stock of DraftKings is held by institutions.

Company Calendar

• Last Earnings: 8/07/2026
• Today: 10/12/2026
• Next Earnings (Estimated): 11/05/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Hotels, Restaurants & Leisure
• Sub-Industry: Casinos & Gaming
• Current Symbol: NASDAQ:DKNG
• CIK: 1883685
• Web: www.draftkings.com
• Phone: 617-986-6744
• Fax: N/A
• Employees: 5,500
• Year Founded: 2012

Price Target and Rating

• Average Price Target for DraftKings: $33.70
• High Price Target: $50.00
• Low Price Target: $20.00
• Potential Upside/Downside: +71.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 40 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.38)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 49.15
• P/E Growth: 1.97
• Net Income: $3.71 million
• Net Margins: -2.68%
• Pretax Margin: -2.73%
• Return on Equity: -11.26%
• Return on Assets: -1.61%

Debt

• Debt-to-Equity Ratio: 3.22
• Current Ratio: 1.02
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $6.22 billion
• Price / Sales: 1.57
• Cash Flow: $0.74 per share
• Price / Cash Flow: 26.39
• Book Value: $1.27 per share
• Price / Book: 15.48

Miscellaneous

• Outstanding Shares: 496,454,000
• Free Float: 262,227,000
• Market Cap: $9.76 billion
• Optionable: Optionable
• Beta: 1.61