DraftKings Inc (DKNG)

NASDAQ
Currency in USD
37.87
+0.88(+2.38%)
Closed
After Hours
37.80-0.07(-0.18%)
DKNG Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
36.9338.14
52 wk Range
28.6953.61
Key Statistics
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Prev. Close
36.99
Open
37.76
Day's Range
36.93-38.14
52 wk Range
28.69-53.61
Volume
8.75M
Average Volume (3m)
10.25M
1-Year Change
-10.07%
Book Value / Share
2.07
Fair Value
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Fair Value Upside
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DKNG Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
57.77
Upside
+52.55%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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DraftKings Company Profile

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting, daily fantasy sports, media, digital lottery courier, media, and other products, as well as retails sportsbooks. The company also offers iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. Further, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT on marketplace. The company is headquartered in Boston, Massachusetts.

DraftKings Inc SWOT Analysis


Market Dominance
Explore DraftKings' impressive 26% market share in iGaming and its ambitious revenue projections, showcasing its strong position in the competitive U.S. online gaming landscape.
Profitability Path
Delve into DraftKings' journey towards profitability, balancing growth investments with operational efficiency improvements amid regulatory challenges and market pressures.
Strategic Expansion
Learn about DraftKings' geographical expansion and product innovation strategies, including the Simplebet acquisition, driving user engagement and market penetration.
Analyst Outlook
Discover varied analyst perspectives on DraftKings, with price targets ranging from $43 to $54, reflecting optimism about the company's growth potential and market position.
Read full SWOT analysis

DraftKings Inc Earnings Call Summary for Q2/2024

  • DraftKings reports 26% YoY revenue growth to $1.104B in Q2, with 80% increase in new OSB and iGaming customers
  • Company raises FY2024 revenue guidance to $5.050B-$5.250B, adjusts EBITDA forecast to $340M-$420M due to Illinois tax increase
  • $1B share repurchase program announced; positive adjusted EBITDA expected from Jackpocket acquisition in FY2025
  • Marketing costs reduced by 40%; gaming tax surcharge planned for high-tax states starting January 2025
  • DraftKings maintains FY2025 adjusted EBITDA forecast of $900M-$1B, anticipates becoming cash taxpayer in 2025 or 2026
Last Updated: 03-08-2024, 05:14 am
Read Full Transcript

Compare DKNG to Peers and Sector

Metrics to compare
DKNG
Peers
Sector
Relationship
P/E Ratio
−36.6x10.8x10.4x
PEG Ratio
−0.910.020.02
Price/Book
18.4x5.9x1.4x
Price / LTM Sales
3.9x1.7x0.9x
Upside (Analyst Target)
62.2%49.5%28.8%
Fair Value Upside
Unlock15.8%10.7%Unlock

Analyst Ratings

30 Buy
5 Hold
0 Sell
Ratings:
35 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 57.77
(+52.55% Upside)

Earnings

Latest Release
Feb 13, 2025
EPS / Forecast
0.14 / -0.01
Revenue / Forecast
1.39B / 1.39B
EPS Revisions
Last 90 days

FAQ

What Is the DraftKings (DKNG) Stock Price Today?

The DraftKings stock price today is 37.87.

What Stock Exchange Does DraftKings Trade On?

DraftKings is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for DraftKings?

The stock symbol for DraftKings is "DKNG."

What Is the DraftKings Market Cap?

As of today, DraftKings market cap is 18.55B.

What is DraftKings Earnings Per Share?

The DraftKings EPS is -1.05.

What Is the Next DraftKings Earnings Date?

DraftKings will release its next earnings report on 30 Apr 2025.

From a Technical Analysis Perspective, Is DKNG a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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