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DraftKings (DKNG) stock forecast for 2024
Updated: April 16, 2024 (05:59)
Sector: FinancialThe share price of DraftKings Inc. (DKNG) now
50/200 Day Moving Average: $43.62 / $34.91
This figure corresponds to the Average Price over the previous 50/200 days. For DraftKings stocks, the 50-day moving average is the resistance level today.
For DraftKings stocks, the 200-day moving average is the resistance 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. How much will one DraftKings share be worth in 2024? Is it worth taking profit / loss on DKNG stock now or waiting? What are analysts' forecasts for DraftKings stock?
We forecast DraftKings stock performance using neural networks based on historical data on DKNG stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
DraftKings Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for DraftKings analysts is $49.44. Today 200 Day Moving Average is the support level (34.91 $). 50 Day Moving Average is the support level (43.62 $).
Historical and forecast chart of DraftKings Inc. stock
The chart below shows the historical price of DraftKings stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the DKNG stock price can be found in the table below.
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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.
DraftKings (DKNG) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 48.43 | 44.65 | 51.63 | 13.52 % |
| Jun | 48.11 | 46.21 | 49.97 | 7.52 % |
| Jul | 48.91 | 45.36 | 51.01 | 11.07 % |
| Aug | 50.04 | 48.77 | 51.58 | 5.44 % |
| Sep | 48.39 | 45.72 | 50.20 | 8.91 % |
| Oct | 45.83 | 44.57 | 49.16 | 9.33 % |
| Nov | 46.99 | 43.58 | 50.51 | 13.71 % |
| Dec | 44.87 | 43.34 | 47.14 | 8.06 % |
DraftKings information and performance
222 BERKELEY STREET, BOSTON, MA, US
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 of DraftKings is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
DraftKings price target for 2024 by month
Target values for the price of one DraftKings share for May 2024.
In May, the Positive dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 13.518% volatility is expected.
Pessimistic target level: 44.65
Optimistic target level: 51.63
Target values for the price of one DraftKings share for Jun 2024.
In Jun, the Negative dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 7.520% volatility is expected.
Pessimistic target level: 46.21
Optimistic target level: 49.97
Target values for the price of one DraftKings share for Jul 2024.
In Jul, the Positive dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 11.075% volatility is expected.
Pessimistic target level: 45.36
Optimistic target level: 51.01
Target values for the price of one DraftKings share for Aug 2024.
In Aug, the Positive dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 5.442% volatility is expected.
Pessimistic target level: 48.77
Optimistic target level: 51.58
Target values for the price of one DraftKings share for Sep 2024.
In Sep, the Negative dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 8.907% volatility is expected.
Pessimistic target level: 45.72
Optimistic target level: 50.20
Target values for the price of one DraftKings share for Oct 2024.
In Oct, the Negative dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 9.333% volatility is expected.
Pessimistic target level: 44.57
Optimistic target level: 49.16
Target values for the price of one DraftKings share for Nov 2024.
In Nov, the Positive dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 13.714% volatility is expected.
Pessimistic target level: 43.58
Optimistic target level: 50.51
Target values for the price of one DraftKings share for Dec 2024.
In Dec, the Negative dynamics for DraftKings Inc. shares will prevail with possible monthly volatility of 8.062% volatility is expected.
Pessimistic target level: 43.34
Optimistic target level: 47.14
