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DraftKings Inc. Stock

Price
Target price
€38.83

€38.83

-2.390%
-0.96
-2.390%
€45.71
 
03.05.24 / 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

We can see a decrease in the price for DraftKings Inc.. Compared to yesterday it has lost -€0.960 (-2.390%).
Currently there is a rather positive sentiment for DraftKings Inc. with 57 Buy predictions and 6 Sell predictions.
With a target price of 45 € there is a slightly positive potential of 15.9% for DraftKings Inc. compared to the current price of 38.83 €.
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. (%) -1.15%
Target price 48.287
Change
Ends at 03.05.25

DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Benchmark Co. from $50.00 to $52.00. They now have a "buy" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Benchmark Co. 
0
Report Share
03.05.24
Prediction Buy
Perf. (%) -7.57%
Target price 53.731
Change
Ends at 03.05.25

DraftKings Inc. (NASDAQ: DKNG) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $58.00 price target on the stock.
Ratings data for DKNG provided by MarketBeat
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Needham & Company LLC 
0
Report Share
03.05.24
Prediction Buy
Perf. (%) -5.76%
Target price 52.304
Change
Ends at 29.04.25

DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Susquehanna from $54.00 to $56.00. They now have a "positive" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Susquehanna 
0
Report Share
29.04.24
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News

1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?: https://g.foolcdn.com/editorial/images/775750/streaming-sports.jpg
1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?

Shares of DraftKings (NASDAQ: DKNG) were slightly down following better-than-expected earnings results for the first quarter. The sports betting company's revenue and adjusted operating profit beat

TheMotleyFool 
0 14:14
DraftKings (DKNG) Q1 2024 Earnings Call Transcript: https://g.foolcdn.com/editorial/images/1/featured-transcript-logo-template-2023-01-12.jpg
DraftKings (DKNG) Q1 2024 Earnings Call Transcript

Image source: The Motley Fool.

DraftKings (NASDAQ: DKNG)Q1 2024 Earnings CallMay 03, 2024, 8:30 a.m. ET

Operator

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Source Fool.com

TheMotleyFool 
0 03.05.24
DraftKings Q1: Strong Customer Acquisition and Product Innovation: https://www.marketbeat.com/logos/articles/med_20240503073319_draftkings-q1-strong-customer-acquisition-and-prod.jpg
DraftKings Q1: Strong Customer Acquisition and Product Innovation

DraftKings (NASDAQ: DKNG)  is a prominent player in the online sports entertainment and gaming industry. Draft Kings’ earnings report for the first quarter of 2024 was recently released

MarketBeat 
0 03.05.24