DraftKings shares closed 1.94% to $52.46 on Friday. Eventually, the negative sentiment will reverse. That gives it an equity market value of $28.85 billion, or 34.2% ahead of todays price. Sports betting has. DKNG stock forecast for 2023 - 2027 - FORECST.COM On the app store, Oregon Lottery will replace the Scoreboard app with DraftKings Sportsbook. Lets dive into the analyst that just gave DKNG stock a big upgrade today. Copyright DKNG - Company Profile for DRAFTKINGS INC. - MSN Money Famed money manager Cathie Wood, chief executive of Ark Investment Management, pared . DraftKings Stock Jumps as Jefferies Forecasts Russell Rebalance Buying worth $1.56 billion. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. DraftKings (DKNG) stock Forecast for 2021 - 2025 - PandaForecast.com Capital Com is an execution-only service provider. What is TTCF's Earnings Per Share (EPS) forecast for 2023-2024? While the effectiveness of this highly sought-after metric is questionable,. 2023 Capital Com Online Investments Ltd. New states will follow. DraftKings (DKNG) | Market Armor Copyright 2023 InvestorPlace Media, LLC. The pandaforecast.com portal is not responsible for the loss of your money in the stock market Detailed values for the DraftKings stock price can be found in the table below. On Jan. 12, 2022, DraftKings said it will become the official sportsbook provider of the Oregon Lottery. At its core, my model depends on a report by Morgan Stanley analyst Thomas Allen. Last month I wrote that DraftKings (NASDAQ:DKNG) was worth between $60.61 and $74.59 when DKNG stock was at $44.50 on May 20. DraftKings reported a better-than-expected quarter with a loss of 26 cents per share and revenue of $298 million, which is a 320% rise. Currently, DKNG trades at roughly $56 per share. DKNG Stock Should Rise By 34% Based on Revenue Projections - InvestorPlace It has become a huge hit with sports fanatics. Based on our forecasts, a long-term increase is expected, the "NSAV" stock price prognosis for 2028-01-26 is 0.0345 USD. Copyright 2023 InvestorPlace Media, LLC. DKNG Stock USD 18.19 0.85 4.46% DraftKings stock price prediction is an act of determining the future value of DraftKings shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. In 2020, DraftKings (NASDAQ: DKNG) stock rose a sizzling 335%. DraftKings has a strong leadership team that is extremely passionate about taking the company to the next level. The company is not only offering an exciting experience to the users, but is also working on building alternative sources of revenue. Copyright 2023 InvestorPlace Media, LLC. DraftKings (DKNG) stock Forecast for 2022 2026, This website uses cookies to ensure you get the best experience on our website. 2023 InvestorPlace Media, LLC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. DKNG Stock Price | DraftKings Inc. Cl A Stock Quote (U.S.: Nasdaq Algorithm-based forecasting service Wallet Investor, which usually provides 5-year price targets for stocks, does not offer a DraftKings stock prediction beyond February 2024. Indeed, the moves in DKNG stock have been impressive this year. Sure, market conditions have been a big reason why LCID stock has fallen from $25 to under $10 . The average price predicted for Banco Santander S.A. (SAN) by analysts is $4.82, The public float for SAN is 16.55B, and at present, short sellers hold a 0.05% of that float. DraftKings has increased the full-year revenue target to $1.21 to $1.29 billion, which would be up to 100% YOY growth. All rights reserved. Famed short-seller Jim Chanos disclosed his bet against the companys stock, and Chief Executive Officer Jason Robins questioned his concerns on valuations. Compared to $213m in revenues for the three months to 30 September 2021, Q3 2020 revenues were at $132m. DraftKings Inc. stock trend is negative. Change of direction? The majority of retail investor accounts lose money when trading CFDs. DKNG stock emerged in 2020 through a blank check merger and there is no stopping the companys momentum. Positive dynamics for DraftKings shares will prevail with possible volatility of 3.361%.Pessimistic target level: 19.70Optimistic target level: 20.38, An downtrend is forecast for this month with an optimal target price of $18.9448. All rights reserved. Sign up below to get this incredible offer! , the online sports betting industry will go from $9.5 billion in 2020 to $37 billion in 2025. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Certain statements in this Annual Report on Form 10-K (this "Form 10-K") may constitute "forward-looking statements" for purposes of the federal securities laws. Shares still are below early October highs. A Bigger Market and a Cheaper Price Make DKNG Stock a Buy The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 Retail Stocks to Buy Regardless of Supply Shortages, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Given our strong start to 2021 and underlying acquisition, retention, and monetization of players, we are increasing our guidance to $1.05 billion to $1.15 billion of revenue for 2021, which. Moreover, given that estimates for 2021 are for $1.17 billion, this implies a 4-year growth rate of 205.9%. Therefore, the pullback in DKNG stock presents an excellent opportunity for investors to scoop up the stock at a bargain. With his next-generation approach to investing, Luke Lango finds better stocks for you to invest in not the same old companies over-hyped on Wall Street. Fortunately, DraftKings has a strong brand name that consumers recognize. So far in 2021, DKNG has gained another 21% though that includes the recent sell-off from last months highs. Theres even room for more lines. DKNG stock can reach $70 as the company makes all the right moves. Sign up below to get this incredible offer! And sports betting taxes are a logical source of that revenue. It has a high revenue growth, and the company is putting the money in the right places by partnering with the right players and companies. Shares Short Prior Month - the number of shares in short positions in the last month. For now, Chanos is right that the excessive valuation will lead to a drop. DKNG | DraftKings Inc. Cl A Analyst Estimates | MarketWatch I have my hopes pinned on this partnership which will help expand the company. What Is the Best EV Stock to Buy Now? DraftKings (DKNG) stock forecast for 2022 - PandaForecast.com Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. Chris Lauis acontributing author for InvestorPlace.com and numerous other financial sites. Get the free SEC Filings - DraftKings Inc. Class A Common Stock (DKNG) Description . DraftKings Inc. (DKNG) Analyst Ratings, Estimates & Forecasts - Yahoo Finance U.S. markets open in 3 hours 9 minutes S&P Futures 3,943.75 -12.75(-.32%) Dow Futures 32,765.00 +72.00(+0.22%). DraftKings reported a better-than-expected quarter with, Strategic Partnerships That Will Lead Growth. 1125 N. Charles St, Baltimore, MD 21201. On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. DraftKings company info Forecasting 52 Week High: 19.5476 USD 52 Week Low: 0.00000000000101 USD Nasdaq Forward P/E uses projections of future earnings instead of final numbers. What is the future of DraftKings stock? About 20.9 million American Forecst.com predicts future values using technical analysis of a large number of analytical parameters. Opinions on the stock are mixed, with 16 analysts rating it as a "buy," 0 as "overweight," 7 as "hold," and 1 as "sell.". Counted STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10K/A Fill & Sign Online, Print, Email, Fax, or Download . This is proof that the company confidently expects higher user growth and revenue generation in the coming quarter. What Is the Best EV Stock to Buy Now? From Q3 2020 to Q3 2021, MUPs grew by approximately 31.37%. 1125 N. Charles St, Baltimore, MD 21201. The benefits from its expansion strategies remain to be seen. Buy or sell stock? Is This the Best Way to Invest in the AI Gold Rush? Pessimistic: $21.62. For those of you just seeing this! Moreover, the company has a keen eye for innovation and introduced several new features to drive engagement on its platform. If yes, then on this page you will find useful information about the dynamics of the DKNG stock price in 2022-2027. Copyright The public float for AUY is 957.57M, and at present, short sellers hold a 0.67% of . stock price in 2023, 2024, 2025, 2026, 2027. The softer performance this year doesnt seem to make much sense. Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: After all, right now the stock has a huge price-to-sales ratio. The investor bet against Tesla (NASDAQ:TSLA), saying in December 2017 that the stock was worth zero. losed Joint Stock Company FinTech Solutions, Future price predictions and analyst forecasts. Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. Our 3 Top Picks. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. The stock is above fair value at current levels. Financial Statements Analyst Forecast According to 40 analysts, the average rating for DKNG stock is "Buy." On the date of publication, Mark R. Hake did not hold a position in any security mentioned in this article. It is already an official, 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. So far, they have performed incredibly well and are on track to ensure that the company becomes a one-stop-shop platform for an online gaming. quotes delayed at least 15 minutes, all others at least 20 minutes. It continues to push forward in the gaming market, opening up in new markets and offering a more well-rounded experience for its users. 5 Penny Cryptos With the Most Potential for Growth, 3 Cream-of-the-Crop Growth Stocks to Buy for 2023, Michael Burry Is Betting Big on These 2 AI Stocks, Buy the Dip In DraftKings For Its Incredible Growth Outlook. Box N-4865, Nassau, Bahamas. 1125 N. Charles St, Baltimore, MD 21201. High 56F. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pessimistic: $21.43. The weighted average target price per DraftKings share in May 2025 is: 19.84. DKNG stock has slipped in the past month without a material change to its bullish narrative. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Sign up below to get this incredible offer! The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The successful prediction of DraftKings' future price could yield a significant profit. Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023. Nasdaq Its growing its user base swiftly, more than doubling its average monthly unique players for the first quarter. DraftKings (DKNG) stock forecast for 2022 Last update: February 21, 2023 (05:59) Sector: Financial The share price of DraftKings Inc. (DKNG) now DKNG DraftKings Inc. 18.19 D 4.46% (0.85) What analysts predict: $20.78 52-week High/Low: $25.01 / $9.77 50/200 Day Moving Average: $13.99 / $14.51 According to our research, DKNG stock is a bad long-term investment. All rights reserved. DraftKings told investors on Friday that it expected to reach profitability by one financial measure in late 2023. call +44 20 3097 8888 support@capital.com. But its equity market cap is $21.49 billion. All rights reserved. If the company continues to increase the average revenue per monthly unique player, it will gain a strong position in the industry. NSAV Holding Stock Forecast: down to 0.000001 USD? - NSAV Stock Price It has shown volatility since then and is trading much lower at less than $47 today. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. In May, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.401% volatility is expected. Palantir Technologies Inc Stock Forecast, Predictions & Price Target Add to Watchlist Overview Forecast Earnings Dividend Ownership Statistics Analyst price target for PLTR All Analysts Top Analysts Based on 13 analyst s offering 12 month price targets for Palantir Technologies Inc. Min Forecast $4.50 -43.54% Avg Forecast $8.69 +9.06% Max Forecast Its about the long term. All rights reserved. DraftKings Projects a Wider-Than-Expected Loss in 2022. The Stock Is Close price at the end of the last trading day (Friday, 17th Feb 2023) of the DKNG stock was $20.54. Wall Street Wary of Man United, WWE Deals as Sports Stocks Slump One of the hottest stocks right now,DraftKings(NASDAQ:DKNG), has been an intriguing company to watch. Considering the potential of the company and the industry to cater to, DKNG stock is well positioned at the current level. Milan Vaishnav, CMT, MSTA, a Consulting Technical Analyst at Gemstone Equity Research & Advisory, shared a technical analysis of the DKNG share market: Based on the data compiled by Market Beat, as of 26 January 2022, of 26 analysts, 17 rated DKNG stock a buy, eight suggested a hold and one recommended a sell. The DraftKings (DKNG) story began when three co-workers bonded over a shared passion for fantasy sports. Forecasts shouldn't be used as a substitute for your own research. That is the reason why I dont feel right now that is important to discount the future sales and EBITDA to the present. This clearly implies that the market is valuing DKNG many years into the future based on its forecast revenue and profitability. DraftKings Stock Should Rise By 34% Based on Revenue Projections By 2025, the sports betting industry is projected to be worth $15 billion By Mark R. Hake, CFA Jun 9, 2021, 2:57 pm EST Last. The average price predicted for Yamana Gold Inc. (AUY) by analysts is $6.27, which is $0.99 above the current market price. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according . Major sports have since returned, leading to big-time growth in DraftKings revenue. DraftKings Inc., Tesla, H&R Block, Inc., among others, are approaching price targets. DraftKings is the undisputed king of gaming, with a fantasy sports market share of roughly 30% in the U.S. market. This achievement will complement the companys goal of building a top-rated online sportsbook. Sign up below to get this incredible offer! Palantir, Alibaba, Square, Google, DraftKings Stocks Cathie Wood's But this result reflected marketing expenses of $228.7 million, or 73.2% of sales. and Weighted Average Best Forecast. The applications are still pending. At its bullish peak, speculators bet that the National Football League (NFL). DKNG stock pulled back despite its stellar performance and growth outlook By Muslim Farooque, InvestorPlace Contributor Jul 20, 2021, 6:15 am EST Shares of online betting company DraftKings. As the pandemic slowly changes how we engage with sports, DraftKings has a lot to look forward to. quotes delayed at least 15 minutes, all others at least 20 minutes. DKNG Stock Down Despite Impressive Price Target Currently, DKNG trades at roughly $56 per share. All rights reserved. Our 3 Top Picks. 3 Popular Reddit Stocks to Liquidate Before Another Market Selloff And never invest or trade money you cannot afford to lose. We forecast DraftKings stock performance using neural networks based on historical data on DraftKings stocks. One of the most exciting planned acquisitions is Golden Nugget Online(NASDAQ:GNOG). DKNG Stock: DraftKings Earnings Top, Guidance Raised, But User Growth DKNG top 20 large caps : r/DKNG - reddit.com I expect that will change in short order, at which point DKNG will resume its rally. So far in 2021, DKNG has gained another 21% though that includes the recent sell-off from last month's highs. Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price. Optimistic: $20.56, An uptrend is forecast for this month with an optimal target price of $19.8683. Stock Price Forecast The 3 analysts offering 12-month price forecasts for Tattooed Chef Inc have a median target of 2.00, with a high estimate of 3.00 and a low estimate of 1.50. All rights reserved. DraftKings is using aggressive upfront promotions to capture customers that will be profitable over the long haul. Nasdaq A key performance indicator is growth in the number of monthly unique payers (MUPs). States need revenue. multiplying the number of shares in the company outstanding by the market price of one share. Optimistic: $23.47, An downtrend is forecast for this month with an optimal target price of $20.8086. 1125 N. Charles St, Baltimore, MD 21201. If you continue to use this site we will assume that you are happy with it. All rights reserved. DKNG stock returns are also predicted based on historical data. What Is the Best EV Stock to Buy Now? Is DKNG Stock a Buy After the DraftKings Hindenburg Research - Insider Growth of 61.36% was reported with revenues up by $81m. Our 3 Top Picks. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. I also believe its newly-launched NFT platform will work in favor of the company and eventually attract new users to the platform. Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. Additionally, it also launches social media features on its platform, enabling customers to interact and share their bets effectively. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for DraftKings shares. Loop Capital believes the fact that DraftKings has become the No. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, DraftKings Inc Stock - DKNG Share Price Today, News and Discussion The stocks are grouped by market cap, from micro to mega-caps, for a total of 100 stocks (out of a universe of over 3,000 stocks). In a 9 August 2021 press release, DraftKings announced that it would acquire and leverage Golden Nugget Online Gamings popular brand name and existing combined database of more than five million customers. The best performer of the Sportico Sports Stock Index was DraftKings (DKNG), which for the second-month in a row outpaced peers as investors increasingly view the business as the best play in U.S . This is a clear sign that DraftKings is attracting users with its unique marketing strategies and its revenue is only trending upward. On 25 January 2022, Moffett Nathanson slashed its DraftKings stock projection target from $36 to $25, but maintained its neutral rating. 04:03 PM ET 08/06/2021 Online gambling app DraftKings ( DKNG) reported better-than-expected loss and revenue figures, though user growth fell short. For example, Seeking Alpha indicates that on average analysts estimate revenue will reach $3.58 billion by 2025. In the first quarter of 2021, DKNG's total net revenues surged 146% year-over-year to $322 million. In late summer 2021, DraftKings (NASDAQ:DKNG) rebounded to more than $60 and looked ready to find a new high. This is the prior range low. DraftKings Has Monstrous Potential in the Future of Sports Betting DKNG stock looks undervalued considering the potential of the company By Vandita Jadeja Nov 1, 2021, 6:00 am EST Online. Their mutual passion evolved to build a sports betting company with footprints in eight countries. Thats because valuation isnt based on a metric or two in a given way. DraftKings (Nasdaq: DKNG) Stock Forecast We'll start with an explainer about what does DraftKings does. quotes delayed at least 15 minutes, all others at least 20 minutes. But DKNG stock actually has suffered. LSU's Olivia Dunne teams up with the 'newest recruit' for viral TikTok With March Madness just days away, keep an eye on gambling stocks. DraftKings stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. DraftKings reported revenues of $312 million, representing year-over-year growth of 175%. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I believe DKNG stock will certainly reach the all-time high again, but it may take some time. As its business attracts customer growth, revenue will rise. Pessimistic: $20.82. Here Are 10 Other Analyst Forecasts For Tuesday Feb. 21, 2023 at.