P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit. quotes delayed at least 15 minutes, all others at least 20 minutes. Target values for the price of one DraftKings share for May 2025. Here are the top 20 stocks that have the highest upside according to Wall Street analysts. Winds light and variable.. Tonight Positive dynamics for DraftKings shares will prevail with possible volatility of 3.420%.Pessimistic target level: 19.38Optimistic target level: 20.06, Forecast target price for 03-11-2023: $20.15. Currently, DKNG trades at roughly $56 per share. The monthly unique players increased by 281% to 1.1 million and the average revenue per monthly unique player hit $80, which is up 26% year-over-year (YOY). The company has made several acquisitions over the year and is constantly growing its presence across different states. She believes in buying and holding for long-term gains. The stock also ran briefly in 2021 and in 2020, as well. Be that as it may, short sellers typically have vested interests in spreading such news. Future price predictions and analyst forecasts DraftKings (DKNG) (Delayed Data from NSDQ) $18.86 USD +0.06 (0.32%) Updated Feb 28, 2023 04:00 PM ET After-Market: $18.69 -0.17 (-0.90%) 7:58 PM ET Add to portfolio Zacks Rank: 2-Buy 2 Style. DKNG Stock Down Despite Impressive Price Target Currently, DKNG trades at roughly $56 per share. DraftKings (DKNG) Pe Ratio (TTM) - Zacks.com This is proof that the company confidently expects higher user growth and revenue generation in the coming quarter. 2023 InvestorPlace Media, LLC. 2023 InvestorPlace Media, LLC. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. Theres even room for more lines. DKNG stock was up close to 1% when markets. The chart below shows the historical price of DraftKings stock and a prediction chart for the next month. Therefore, the pullback in DKNG stock presents an excellent opportunity for investors to scoop up the stock at a bargain. And sports betting taxes are a logical source of that revenue. Based on our forecasts, a long-term increase is expected, the "NSAV" stock price prognosis for 2028-01-26 is 0.0345 USD. The broader pullback in growth stocks is a major reason for the drop. This stock market technical analysis blog has been live since October 2009 (over 13 years), providing unbiased stock market technical analysis of the SP-500, Gold and more that ignores the white noise of news and politics. As a result of strong engagement and cross-selling initiatives, average revenue per MUP (ARPMUP) increased by 38.23%, from $34 to $47. If DKNG breaks this level, then support will drop to $15 and $11 . If online sports betting is legalized in all states, the numbers could be significantly higher. According to an algorithmic-based application, Wallet Investor, the share price for DKNG stock could potentially decline to $0.000001 by March 2023. This is despite the fact that right now the company is unprofitable. DKNG Stock: DraftKings' Q2 Earnings Show It May Be Worth $80-Plus DraftKings (Nasdaq: DKNG) Stock Forecast We'll start with an explainer about what does DraftKings does. DKNG : DRAFTKINGS INC - CL A stock forecast 2022 , 2022 - 2025 - 2030 We will see a lot of action around the start of this years football season. 10-k Fortunately, DraftKings has a strong brand name that consumers recognize. But this result reflected marketing expenses of $228.7 million, or 73.2% of sales. Sports betting has. It has become a huge hit with sports fanatics. Loop Capital believes the fact that DraftKings has become the No. Theres even room for international expansion over time, as DraftKings has offices in Europe as well. For DraftKings stocks, the 50-day moving average is the support level today. Sign up below to get this incredible offer! 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. Although the recent deal withEntain Plcdid not work out, DraftKings made several partnerships and acquisitions that will work in its favor. However, a report from short-seller Hindenburg Research has most recently been a thorn in its side. 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. Bears may justify the ongoing losses as a reason to bet against the company. I still believe that the upper end of the target is very possible. 2023 InvestorPlace Media, LLC. Despite the impact of the pandemic which led to short seasons and canceled tournaments, online sports betting has been consistently growing. Why Hudson Bay May Not Be Able to Save Bed Bath & Beyond (BBBY) Stock, 5 Investors Betting Big on Exela (XELA) Stock in 2023, DraftKings Price Predictions: Why One Analyst Sees DKNG Stock Headed to $105. 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. That is the reason why I dont feel right now that is important to discount the future sales and EBITDA to the present. DKNG: DraftKings - Detailed Earnings Estimates - Zacks.com Optimistic: $21.43, An uptrend is forecast for this month with an optimal target price of $21.0369. Lorem ipsum dolor sit amet, consectetur adipiscing elit. This implies that DKNG stock is now worth about $73 per share, or 34% above todays price. Growing competition is a long-term risk for DraftKings. The average price target represents a 23.04% change from the last price of $18.58. The deal will help increase revenue and attract new users to DraftKings. All rights reserved. Sign up below to get this incredible offer! What Is the Best EV Stock to Buy Now? The median. 5 Hypergrowth Stocks With 10X Potential in 2023, an adjusted EBITDA loss of $139.3 million on revenues of $312.7 million, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. And DraftKings long-term opportunity is as good as anyone. Optimistic: $23.33, An downtrend is forecast for this month with an optimal target price of $22.3121. DraftKings (DKNG) stock forecast for 2022 - PandaForecast.com The weighted average target price per DraftKings share in May 2025 is: 19.84. This is because the market assumes that the sports betting market will continue to grow dramatically. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. DKNG Stock Price Targets and Analyst Ratings 50/200 Day Moving Average: If this momentum continues, its certainly possible DraftKings could post some blowout quarters. Market capitalization is the total market value of all issued shares of a company. Despite the pandemic, DraftKings has seen increases in its user numbers and its market share. We forecast DraftKings stock performance using neural networks based on historical data on DraftKings stocks. DKNG stock returns are also predicted based on historical data. 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, DraftKings Stock Should Rise By 34% Based on Revenue Projections. DKNG top 20 large caps. Investors need not fear Chanos assertions. Let us dig deeper into the catalysts working for DKNG stock. Thats why DKNG stock and other sports betting names rose in 2020: investors believed the pandemic would lead to faster, broader legalization. The average price target is $22.86 with a high forecast of $30.00 and a low forecast of $15.00. DKNG share price has been in a bear cycle for the past year. The company recently released Q2 earnings and it easily beat analyst forecasts. Note that analysts predictions are often wrong. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. Lorem ipsum dolor sit amet, consectetur adipiscing elit. It fell 14.10% to an intra-day low of $17.6, closing its first day at $19.35.In the latest DraftKings stock news, on 6 January it became one of the first companies to launch its mobile and online sportsbook in New York. 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. Traders also thought sports betting gaming license wins would be positive catalysts. Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America. EPS shows how much of the net profit is accounted for by the common share. Close price at the end of the last trading day (Friday, 17th Feb 2023) of the DKNG stock was $20.54. For the year ended Dec. 31, 2022, DraftKings reported revenue of $2.2 billion, which represented 69% growth year over year. This achievement will complement the companys goal of building a top-rated online sportsbook. Positive dynamics for DraftKings shares will prevail with possible volatility of 3.660%.Pessimistic target level: 19.25Optimistic target level: 19.98, Forecast target price for 03-10-2023: $19.72. It has only unlocked a mere fraction of its massive addressable market and will continue growing at a torrid pace. 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. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies . According toPRNewswire, the online sports betting industry will go from $9.5 billion in 2020 to $37 billion in 2025. Today, DKNG is down more than 5%, despite a rather bullish catalyst for this gambling stock. Indeed, the fact that DraftKings is gaining market share much faster than its peers is a key catalyst for this price target hike. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. And now New York, the countrys fourth-most populous state, is launching mobile wagering. (Next month, 2023, 2024, 2025, 2026 and 2027) We initially share this idea in October 2018 and the stock . DKNG Forecast. All rights reserved. DraftKings reported a better-than-expected quarter with, Strategic Partnerships That Will Lead Growth. This is when DraftKings will make the right moves to widen its market share and grow revenue. This win will lift the companys brand awareness and give it an edge over the competition. 1125 N. Charles St, Baltimore, MD 21201. 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. 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. DraftKings Stock Jumps as Jefferies Forecasts Russell Rebalance Buying Over the past year, DKNG stock has gone from $30 to an all-time high of $74 in March and is down to $54 today. During pandemic-induced global lockdowns, the popularity of online gaming and betting soared. Opinions on the stock are mixed, with 2 analysts rating it as a "buy," 0 as "overweight," 6 as "hold," and 2 as "sell.". Nasdaq The DraftKings (DKNG) story began when three co-workers bonded over a shared passion for fantasy sports. 222 Berkeley Street, Boston, MA, 02116, United States. On average, analysts forecast that TTCF's EPS will be -$0.39 for 2023 . By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTechs proven technology platform, we will accelerate our innovation, growth and scale. Thats exactly what is happening. What are analysts forecasts for DKNG stock? And it shouldnt be profitable, either. Pessimistic: $17.34. All rights reserved. Look at software or e-commerce: most of the biggest winners in those sectors had skeptics hollering about valuation all the way up. The major market events for the week ahead right in your inbox. Copyright 2023 InvestorPlace Media, LLC. 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 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. It represents a massive market for DraftKings to gain entry if it can. DraftKings Inc. stock trend is negative. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: DraftKings (DKNG) Option Traders Betting on Earnings - Investopedia On 5 November 2021, DraftKings released its Q3 2021 financial results. stock price in 2023, 2024, 2025, 2026, 2027. The point is that it was undervalued and likely to rise. The lists should serve as a good starting point to find ideas to invest . DraftKings will report third-quarter results on Nov 5. Banco Santander S.A. (SAN) Stock Price and Analyst Predictions As iGaming picks up steam, so too will DKNG stock. After all, right now the stock has a huge price-to-sales ratio. The one-month trend of DKNG stock has the share prices remaining in the middle of the volatility range, before rising above the 20-day moving average in the weeks before earnings. Moreover, its not as if theres any bad news driving the pullback. Here's one analyst price target investors in DraftKings may want to pay attention to. Further, it has announced a multi-year deal with Genius Sports (NYSE:GENI), a National Football League (NFL) data provider. "colorTheme": "light", The stock will go higher in the coming months and this dip is a good chance to enter. 1125 N. Charles St, Baltimore, MD 21201. Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2021/04/bigger-market-cheaper-price-make-dkng-stock-buy/. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. DKNG stock is a buy as it heads closer to $70. Theres a simple reason why DKNG and other sports betting stocks rallied in 2020. Their mutual passion evolved to build a sports betting company with footprints in eight countries. quotes delayed at least 15 minutes, all others at least 20 minutes. When it reports results next quarter, investors should look at the companys operating margins closely. Is DKNG a good long term stock? The pandaforecast.com portal is not responsible for the loss of your money in the stock market The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. DraftKings is known for strong partnerships in the ever-expanding industry. Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. Theres even room for more lines. as a result of using the information contained on the site. On 5 November, when Q3 2021 results were announced, the stock was trading at $43.62 by 12 November it had fallen to $40.51. 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. If you own DKNG stock consider signing this information petition DraftKings has a strong leadership team that is extremely passionate about taking the company to the next level. Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks.
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