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Legal Online Sports Betting Will Expand iGaming Markets

Published
08 Aug 24
Updated
03 Oct 25
AnalystConsensusTarget's Fair Value
US$52.83
32.8% undervalued intrinsic discount
03 Oct
US$35.50
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1Y
-5.7%
7D
0.9%

Author's Valuation

US$52.8332.8% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on03 Oct 25
Fair value Decreased 3.70%

DraftKings' analyst price target has moved slightly lower from $54.86 to $52.83, as analysts point to mounting prediction market competition and margin pressures as key headwinds that impact growth expectations. Analyst Commentary Analysts have offered a range of perspectives on DraftKings' outlook, highlighting both supporting factors and ongoing concerns.

Shared on04 Sep 25

Analysts maintain a positive outlook on DraftKings driven by ongoing revenue growth, market expansion, and asset revaluation despite manageable tax and regulatory risks, leaving the consensus Analyst Price Target unchanged at $54.86. Analyst Commentary Bullish analysts anticipate continued revenue growth driven by the legalization of online sports betting in additional states, market share gains, and improving customer retention, supported by declining acquisition costs and strong Q2 performance.

Shared on07 May 25
Fair value Decreased 4.07%

Shared on30 Apr 25
Fair value Decreased 2.52%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on23 Apr 25
Fair value Decreased 1.44%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on16 Apr 25
Fair value Increased 0.39%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25
Fair value Increased 13%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Decreased 8.80%

Shared on26 Mar 25
Fair value Decreased 0.17%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on10 Mar 25
Fair value Increased 8.90%

AnalystConsensusTarget has increased future PE multiple from 25.4x to 34.0x.