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Price
Target price
€22.70

€22.70

-6.280%
-1.52
-6.280%
€47.58
 
14:03 / Tradegate WKN: A3DL31 / Symbol: DKNG / Name: DraftKings / Stock / Large Cap /
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DraftKings Inc. Stock

Heavy losses for DraftKings Inc. today as the stock fell by -€1.520 (-6.280%).
With 63 Buy predictions and 1 Sell predictions DraftKings Inc. is one of the favorites of our community.
With a target price of 47 € there is potential for a 107.05% increase which would mean more than doubling the current price of 22.7 € for DraftKings Inc..
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.

Pros and Cons of DraftKings Inc. in the next few years

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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.

Comments

Prediction Buy
Perf. (%) -11.78%
Target price 54.741
Change
Ends at 04.11.26

DraftKings (NASDAQ:DKNG) was given a new $63.00 price target on by analysts at BMO Capital Markets. They now have an "outperform" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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DraftKings (NASDAQ:DKNG) had its "buy" rating reaffirmed by analysts at Benchmark Co..
Ratings data for DKNG provided by MarketBeat
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Prediction Buy
Perf. (%) -20.91%
Target price 42.940
Change
Ends at 21.10.26

DraftKings (NASDAQ:DKNG) had its price target lowered by analysts at Truist Financial Corporation from $55.00 to $50.00. They now have a "buy" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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News

3 Things I'll Be Looking for in DraftKings' Earnings Report on Thursday: https://g.foolcdn.com/editorial/images/840635/sports-betting-app.jpg
3 Things I'll Be Looking for in DraftKings' Earnings Report on Thursday

It's been a tough stretch for DraftKings (NASDAQ: DKNG) shareholders. The stock is down nearly 50% from the 52-week high it reached in February, largely on worries that event-betting platforms like

Prediction Markets Are Coming: Can DraftKings & FanDuel Survive?: https://www.marketbeat.com/logos/articles/med_20251103174040_blobid0.png
Prediction Markets Are Coming: Can DraftKings & FanDuel Survive?

The NBA regular season got off to an inauspicious start last week when news of a massive FBI gambling probe hit, resulting in the arrests of several high-profile players and coaches.

Numerous

DraftKings Stock Lost 12.3% Last Month. Could Thursday's Earnings Help Turn Things Around?: https://g.foolcdn.com/editorial/images/840777/dkng2.jpg
DraftKings Stock Lost 12.3% Last Month. Could Thursday's Earnings Help Turn Things Around?

October was a scary month indeed for DraftKings (NASDAQ: DKNG) as shares of the sportsbook operator tumbled 12.32%. A Halloween close of $30.59 took the stock to its lowest end-of-day price since