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Price
Target price
€30.24

€30.24

-1.420%
-0.44
-1.420%
€46.11
 
09.01.26 / Tradegate WKN: A3DL31 / Symbol: DKNG / Name: DraftKings / Stock / Large Cap /
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DraftKings Inc. Stock

A loss of -1.420% shows a downward development for DraftKings Inc..
The stock is one of the favorites of our community with 81 Buy predictions and 1 Sell predictions.
As a result the target price of 46 € shows a very positive potential of 52.14% compared to the current price of 30.24 € for DraftKings Inc..
For the coming years our community has positive and negative things to say abot the DraftKings Inc. stock. Criterium "Revenue growth" gathered the most positive votes but regarding "General Risks" there were negative voices in the community.

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

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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.

Comments

DraftKings (NASDAQ:DKNG) had its "buy" rating reaffirmed by analysts at UBS Group AG.
Ratings data for DKNG provided by MarketBeat
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Prediction Buy
Perf. (%) 2.27%
Target price 36.696
Change
Ends at 22.12.26

DraftKings (NASDAQ:DKNG) was given a new $43.00 price target on by analysts at Truist Financial Corporation. They now have a "buy" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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DraftKings (NASDAQ:DKNG) had its "outperform" rating reaffirmed by analysts at UBS Group AG.
Ratings data for DKNG provided by MarketBeat
Show more

News

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Bold Prediction: Genius Sports Is About to Explode Higher. Here's the Smoking Gun.

Bettors who visit the counter to place sports wagers and those who do so on mobile apps know the industry's consumer-facing brands, including DraftKings and FanDuel, among others. Many of those same

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DraftKings Launches Prediction Markets: Analysts Eye 30% Upside

Over the past three years, sports betting stock DraftKings (NASDAQ: DKNG) has delivered for investors, with shares up over 200% through the Dec. 29 close in that period. 

But in recent months

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Robinhood’s NFL Parlay Push Could Turn Prediction Markets Into a Real Revenue Engine

When you think of financial sector stocks, companies like JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) are likely to come to mind. 

But since its initial public offering on July