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DraftKings Inc. Stock

Price
Target price
€40.33

€40.33

4.530%
1.735
4.530%
€45.67
 
26.04.24 / Tradegate WKN: A3DL31 / Symbol: DKNG / Name: DraftKings / Stock / Large Cap /
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Buy
None
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sharewise uses Wisdom of crowds to gather information regarding a security. Wisdom of crowds works best if you do not see the predictions of others before giving your estimate. Please click one button to see how the community sees this security.
Your prediction
Pros and Cons of DraftKings Inc. in the next few years
Wizard

DraftKings Inc. Stock

DraftKings Inc. dominated the market today, gaining €1.74 (4.530%).
Currently there is a rather positive sentiment for DraftKings Inc. with 54 Buy predictions and 6 Sell predictions.
With a target price of 45 € there is a slightly positive potential of 11.59% for DraftKings Inc. compared to the current price of 40.33 €.
Our community identified positive and negative aspects for DraftKings Inc. stock for the coming years. 1 users see the criterium "Revenue growth" as a plus for the DraftKings Inc. stock. On the other hand our users think that "General Risks" could be a problem in the future.
What does DraftKings do?

Pros and Cons of DraftKings Inc. in the next few years

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Your Opinion
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sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-11-15

From the initial sweep of the financial data for DraftKings (DKNG), it appears the company is facing some financial challenges. The enterprise value sits at approximately $15.37 billion, which is somewhat robust; however, the devil lies in the details. The company has a negative EBITDA of $795 million and a profit margin of -30.41%, which are concerning figures. Additionally, the earnings per share (EPS) are also in the negatives, at -2.03$ per share. This data raises several eyebrows regarding the company's performance and management.

Detailed Analysis: Pros and Cons

One advantage of DKNG is the significant revenue growth. The quarterly revenue growth year over year is 57.4%, which implies the company is rapidly expanding in its market. With a trailing twelve months (TTM) revenue of approximately $3.29 billion, it is clear the company has a solid top-line growth and still has the potential for further expansion.

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Comments

Prediction Buy
Perf. (%) 4.99%
Target price 46.790
Change
Ends at 24.04.25

DraftKings Inc. (NASDAQ: DKNG) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $50.00 price target on the stock.
Ratings data for DKNG provided by MarketBeat
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Benchmark Co. 
0
Report Share
24.04.24
Prediction Buy
Perf. (%) -2.83%
Target price 56.400
Change
Ends at 16.04.25

DraftKings Inc. (NASDAQ: DKNG) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "buy" rating and a $60.00 price target on the stock.
Ratings data for DKNG provided by MarketBeat
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The Goldman Sachs Group, Inc. 
0
Report Share
16.04.24
Prediction Buy
Perf. (%) -2.96%
Target price 46.060
Change
Ends at 09.04.25

DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Morgan Stanley from $49.00 to $50.00. They now have an "overweight" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Morgan Stanley 
0
Report Share
09.04.24
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News

Is DraftKings Stock Going to $60? 1 Wall Street Analyst Thinks So.: https://g.foolcdn.com/editorial/images/773927/football-player-making-a-diving-catch.jpg
Is DraftKings Stock Going to $60? 1 Wall Street Analyst Thinks So.

Attention should surely be paid to any stock that has double-digit upside potential. That's very much the situation with online and mobile sports betting platform operator DraftKings (NASDAQ: DKNG).

TheMotleyFool 
0 24.04.24
2 Growth Stocks That Could Skyrocket in 2024: https://g.foolcdn.com/editorial/images/773800/stock-investor.jpg
2 Growth Stocks That Could Skyrocket in 2024

Investing in growing companies is the easiest way to build wealth over the long term. Businesses that serve wide-open markets and validate that opportunity with above-average revenue growth should

TheMotleyFool 
0 24.04.24
DraftKings Stock Has 42% Upside, According to 1 Wall Street Analyst: https://g.foolcdn.com/editorial/images/773195/sports-betting-with-smartphone.jpg
DraftKings Stock Has 42% Upside, According to 1 Wall Street Analyst

Sports fans have been a happy bunch lately. The NCAA basketball tournaments and professional golf's Masters Tournament were all competitive and exciting. They also drew millions of television

TheMotleyFool 
0 21.04.24