DraftKings (DKNG) Stock Forecast for 2024–2028. Sell or Buy Prediction







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DraftKings (DKNG) Stock Forecast for 2024–2028. Sell or Buy?

Updated: June 23, 2024 (07:42)

Sector: Financial

The share price of DraftKings Inc. (DKNG) now

Latest session on the 21st of June for
DraftKings Inc. is negative
Trading Volume: 16377803
Open: 42.91 /  High: 43 /  Low: 41.15
What analysts predict: $52.2
52-week High/Low: $49.57 / $24.67

50/200 Day Moving Average: $41.22 / $37.77

This figure corresponds to the Average Price over the previous 50/200 days. For DraftKings stocks, the 50-day moving average is the support level today.

For DraftKings stocks, the 200-day moving average is the support level today.

Are you interested in DraftKings Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the DraftKings stock price in 2024, 2025, 2026, 2027, 2028. How much will one DraftKings share be worth in 2024 - 2028?

When should I take profit in DraftKings stock? When should I record a loss on DraftKings stock? What are analysts' forecasts for DraftKings stock? What is the future of DraftKings stock? We forecast DraftKings stock performance using neural networks based on historical data on DraftKings stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

DraftKings stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for DraftKings shares. This happens once a day.


Historical and forecast chart of DraftKings stock

The chart below shows the historical price of DraftKings stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the DraftKings stock price can be found in the table below.

Long-term forecasts by years.

Is DKNG a Worthy Gamble? Predicting DraftKings' Stock Future Amidst Rising Tides

Trend: Neutral
May 28, 2024

Forecasting the trajectory of DraftKings' (DKNG) stock rates can seem like navigating a treacherous sea of variables. However, by zoning in on key factors and employing insightful analysis, we can discern the likely directions of these stocks. In the near future, future legislation and regulations surrounding the gambling industry are set to play a pivotal role. The landscape of online betting is continuously shaped by legal adjustments, making it a crucial factor impacting DKNG's business environment and, consequently, its stock performance.

Deciphering DKNG's Stock Forecast: A Balancing Act

Another significant element is the fierce competition DKNG faces from both digital outliers and traditional casinos. Analysts should monitor this evolving dynamic closely, as it can greatly affect DKNG's market share and growth prospects. Furthermore, an in-depth analysis of DKNG's financial performance and valuation brings to light concerns about its profitability amidst optimistic revenue forecasts. However, there's a silver lining: DKNG's user growth and engagement demonstrate robust brand recognition and a promising trajectory for top-line growth.

To make the most accurate predictions of changes in DKNG's stock price, analysts would do well to consider these variables holistically. They must evaluate how legislation may open up new markets or restrict existing ones, decipher the competitive landscape, and critically analyze DKNG's valuation metrics against its growth potential. Additionally, keeping an eye on states poised to legalize online gambling, such as California, Texas, and Florida, could offer clues to potential market expansions and revenue upticks for DraftKings. Navigating these waters with keen insight could reveal whether DKNG stock is a good buy or sell decision, sharpening the DKNG stock forecast and possibly pinpointing the next DKNG stock price target.

  • Future Legislation and Regulations Impact
  • Competition Analysis
  • Financial Performance Scrutiny
  • User Growth Trends
  • Market Expansion Opportunities

In summary, while predicting the future rates of DKNG stock might seem daunting, focusing on these core areas can illuminate the path for both seasoned and budding analysts. Whether deciding to buy or sell DraftKings stock, the insight garnered from these areas could be invaluable for navigating the speculative seas of stock market investment.

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The Bullish Surge: How DKNG Stocks Could Climb Higher

Trend: Bullish
May 26, 2024

As DraftKings (DKNG) navigates through choppy market waters, a closer look at the factors propelling its stock forecast reveals a promising horizon. With analysts pondering whether DKNG is a good stock to buy, several key dynamics come into play, shaping the trajectory of DKNG's stock rates.

Key Drivers Behind DKNG's Stock Momentum

Primarily, DKNG's remarkable financial performance and upward-adjusted guidance for FY2024 sit at the heart of optimistic projections. This solid foundation bolsters confidence among investors, hinting at a burgeoning demand that could elevate the DKNG stock price target. Furthermore, DKNG's strategic acquisitions, including Golden Nugget Online Gaming and Jackpocket, are not just about expanding its portfolio but also strengthening its foothold across varied segments.

Another vital aspect is DKNG's dominant market share in the U.S. online gaming sphere, a testament to its robust competitive edge. Coupled with the burgeoning industry outlook—with forecasts suggesting the U.S. online sports betting market might balloon to $40 billion by 2030—these elements provide fertile ground for DKNG stock price predictions to skew positively.

To effectively use these insights for crafting an accurate DKNG stock forecast, analysts must blend historical performance data with real-time industry developments. Monitoring DKNG's execution of its diversification strategies and its response to emerging market opportunities will be crucial. In essence, the convergence of DKNG's strategic maneuvering and the sector's thriving prospects paves the way for potentially lucrative investment calls, making the quest of determining whether to buy or sell DraftKings stock a stimulating endeavor.

In the dynamic realm of online sports betting, keeping a pulse on DKNG's moves could unlock promising opportunities for investors aiming to capitalize on the DraftKings name stock forecast.

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The DraftKings Surge: Betting on Future Stock Winds

Trend: Bullish
May 23, 2024

In the ever-evolving landscape of the stock market, DKNG (DraftKings Inc.) is emerging as a potential heavyweight, with various factors playing into the dynamics of its stock price forecast. Analysts are keenly watching DraftKings' stock, contemplating whether it's a buy or sell opportunity. As we delve deeper, it's evident that certain events and factors hold the key to driving changes in DKNG stock rates.

Navigating the DraftKings Stock Terrain

Foremost, DKNG's stock price prediction heavily leans on the company's ability to capitalize on new state launches, rapidly gaining users and demonstrating a clear demand. This growth trajectory suggests a promising path towards positive adjusted EBITDA, which can significantly influence the DKNG stock price target.

Additionally, the vast untapped market in the U.S, including states like California and Texas, presents an ample growth avenue. DraftKings' strategic expansion into these areas, coupled with improving customer acquisition costs, holds the potential to boost the company’s profitability, making DKNG stock an attractive buy or sell option.

The competitive edge gained through an extensive range of sports and gaming options further fortifies DraftKings' position in the market. This diversity not only appeals to a broad customer base but also propels market share gains against rivals like FanDuel.

Analysts aiming to forge the most accurate DKNG stock forecast must weigh these factors meticulously. The company's strategic maneuvers, market share gains, and guidance boosts serve as critical indicators that could shape the future DKNG stock forecast. The anticipation of DraftKings' venture into untapped states combined with its potential to lower customer acquisition costs and diversify offerings presents a compelling argument for considering DKNG stock as a good buy.

  • Rapid User Growth & State Expansions
  • Untapped U.S Market & Cost Efficiency
  • Diverse Offering Portfolio
  • Competitive Market Share & Positive Guidance

As DraftKings sails through these winds, the resulting impact on its stock price will be crucial for investors determining whether DKNG is a buy or sell. Keeping these factors in perspective, DraftKings stock forecast appears to be riding a wave of optimistic growth, potentially making it a lucrative choice for investors looking to bolster their portfolios.

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About author

DraftKings Inc. operates as a digital sports, entertainment and gaming company in the United States. The company provides users with daily opportunities for sports, sports betting and iGaming. She is also involved in the design and development of sports betting and casino gaming platform software for online and retail bookmakers, as well as casino gaming products. The company distributes its product offerings through a variety of channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. DraftK ings Inc. headquartered in Boston, Massachusetts.

www.draftkings.com

DraftKings daily forecast for a month

Date Target Pes. Opt. Vol., %
Jun 25 43.75 42.77 44.17 3.27
Jun 26 44.25 42.91 45.28 5.53
Jun 27 45.00 44.35 45.36 2.27
Jun 28 43.61 42.29 44.64 5.57
Jun 29 43.93 43.12 45.16 4.73
Jun 30 45.47 44.78 45.96 2.64
Jul 01 45.24 44.22 46.25 4.58
Jul 02 45.27 43.84 45.83 4.54
Jul 03 46.09 44.72 47.06 5.23
Jul 04 45.81 45.21 46.34 2.51
Jul 05 46.23 44.97 47.32 5.22
Jul 06 47.82 47.19 49.08 4.01
Jul 07 48.28 47.72 49.13 2.95
Jul 08 49.94 49.28 51.52 4.54
Jul 09 51.34 50.70 52.59 3.73
Jul 10 50.72 50.06 51.43 2.76
Jul 11 51.72 50.39 52.82 4.80
Jul 12 51.33 50.30 52.50 4.37
Jul 13 50.59 49.57 51.25 3.39
Jul 14 50.36 49.48 51.98 5.05
Jul 15 51.17 49.84 52.56 5.46
Jul 16 49.90 49.12 51.42 4.67
Jul 17 49.84 48.92 51.20 4.65
Jul 18 51.81 50.41 53.00 5.14
Jul 19 52.91 52.38 53.70 2.50
Jul 20 52.91 52.45 53.42 1.86
Jul 21 51.85 51.07 53.39 4.55
Jul 22 50.22 49.09 51.34 4.58
Jul 23 49.85 48.30 50.95 5.49
Jul 24 48.90 47.72 50.11 5.00

DraftKings Daily Price Targets


DraftKings Stock Forecast 06-25-2024.

Forecast target price for 06-25-2024: $43.75.
Positive dynamics for DraftKings shares will prevail with possible volatility of 3.170%.
Pessimistic target level: 42.77
Optimistic target level: 44.17

DraftKings Stock Forecast 06-26-2024.

Forecast target price for 06-26-2024: $44.25.
Positive dynamics for DraftKings shares will prevail with possible volatility of 5.239%.
Pessimistic target level: 42.91
Optimistic target level: 45.28

DraftKings Stock Forecast 06-27-2024.

Forecast target price for 06-27-2024: $45.00.
Positive dynamics for DraftKings shares will prevail with possible volatility of 2.222%.
Pessimistic target level: 44.35
Optimistic target level: 45.36

DraftKings Stock Forecast 06-28-2024.

Forecast target price for 06-28-2024: $43.61.
Negative dynamics for DraftKings shares will prevail with possible volatility of 5.275%.
Pessimistic target level: 42.29
Optimistic target level: 44.64

DraftKings Stock Forecast 06-29-2024.

Forecast target price for 06-29-2024: $43.93.
Positive dynamics for DraftKings shares will prevail with possible volatility of 4.513%.
Pessimistic target level: 43.12
Optimistic target level: 45.16

DraftKings Stock Forecast 06-30-2024.

Forecast target price for 06-30-2024: $45.47.
Positive dynamics for DraftKings shares will prevail with possible volatility of 2.572%.
Pessimistic target level: 44.78
Optimistic target level: 45.96

DKNG (DKNG) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jul. 40.56 37.17 42.16 11.85
Aug. 38.82 37.45 40.57 7.68
Sep. 37.28 34.41 39.17 12.15
Oct. 35.48 34.66 36.80 5.83
Nov. 35.13 32.58 37.06 12.09
Dec. 38.10 36.13 39.78 9.17

DraftKings forecast for this year


DraftKings Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $40.5581. Pessimistic: $37.17. Optimistic: $42.16


DraftKings Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $38.8182. Pessimistic: $37.45. Optimistic: $40.57


DraftKings Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $37.281. Pessimistic: $34.41. Optimistic: $39.17


DraftKings Stock Prediction for Oct 2024

An downtrend is forecast for this month with an optimal target price of $35.4766. Pessimistic: $34.66. Optimistic: $36.80


DraftKings Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $35.1254. Pessimistic: $32.58. Optimistic: $37.06


DraftKings Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $38.1005. Pessimistic: $36.13. Optimistic: $39.78



DraftKings (DKNG) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 39.74 37.37 42.31 11.67
Feb 37.72 36.11 40.17 10.12
Mar 38.93 37.90 41.80 9.32
Apr 40.64 38.90 43.10 9.75
May 37.91 34.66 39.08 11.31
Jun 38.71 35.60 40.32 11.72
Jul 37.00 35.29 39.40 10.43
Aug 38.59 37.02 41.94 11.74
Sep 36.47 35.67 38.67 7.78
Oct 36.79 35.62 39.18 9.09
Nov 40.15 39.13 41.16 4.93
Dec 38.20 35.22 40.31 12.62

DraftKings (DKNG) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 39.76 37.66 41.47 9.18
Feb 41.86 40.52 44.62 9.18
Mar 43.06 40.26 46.18 12.82
Apr 40.83 39.53 44.02 10.20
May 36.61 34.31 37.49 8.48
Jun 35.72 32.74 38.43 14.82
Jul 38.63 35.95 39.61 9.23
Aug 39.05 37.29 41.89 10.97
Sep 39.57 36.57 41.01 10.83
Oct 36.00 35.13 37.74 6.92
Nov 36.24 33.21 37.79 12.13
Dec 35.36 33.96 36.88 7.91

DraftKings (DKNG) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 32.21 29.98 34.62 13.41
Feb 33.20 30.46 33.93 10.23
Mar 36.20 33.73 38.95 13.39
Apr 34.57 33.58 36.77 8.69
May 36.05 34.11 38.63 11.70
Jun 38.67 35.35 41.05 13.88
Jul 41.98 38.75 44.94 13.77
Aug 43.88 40.98 46.82 12.47
Sep 48.27 45.56 50.98 10.62
Oct 49.49 45.57 52.86 13.80
Nov 50.42 48.97 51.75 5.36
Dec 50.42 46.03 54.85 16.08

DraftKings (DKNG) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 49.75 47.45 51.72 8.25
Feb 49.15 45.31 50.61 10.47
Mar 47.09 42.95 50.31 14.62
Apr 49.42 45.56 51.16 10.94
May 50.35 48.47 51.62 6.12
Jun 54.00 52.28 56.44 7.37
Jul 56.97 52.46 59.98 12.54
Aug 62.49 58.64 66.96 12.42
Sep 61.18 57.68 65.22 11.56
Oct 55.60 54.13 58.90 8.10
Nov 56.51 52.66 60.49 12.95
Dec 54.40 51.47 58.35 11.79

DraftKings information and performance

DraftKings Address

222 BERKELEY STREET, BOSTON, MA, US

Market Capitalization: 20 349 280 000 $

Market capitalization of the DraftKings Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of DKNG shares in the company outstanding by the market price of one share.

EBITDA: -316 380 992 $

EBITDA of DraftKings is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -1.16

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: 0.527
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: -

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 5.76

Enterprise Value (EV) /Revenue

EV To EBITDA: -35.98

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 484622000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.