DraftKings (DKNG) Stock Overview
Operates as a digital sports entertainment and gaming company in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
DKNG Community Fair Values
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Analyst Price Targets
Top Community Narratives
US$20.97
FV
9.7% overvalued intrinsic discount9.00%
Revenue growth p.a.
30
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DraftKings Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.01 |
| 52 Week High | US$48.78 |
| 52 Week Low | US$20.46 |
| Beta | 1.64 |
| 1 Month Change | -6.20% |
| 3 Month Change | -0.73% |
| 1 Year Change | -48.71% |
| 3 Year Change | -28.94% |
| 5 Year Change | -52.56% |
| Change since IPO | 134.80% |
Recent News & Updates
Narrative Update • Jul 23
DKNG: Prediction Market Regulation Will Constrain Margins And Future Share Returns
DraftKings' analyst fair value estimate is nudged lower to $18 from $20 as analysts refresh models for mixed near term digital gaming trends, slightly adjust discount rate and profitability assumptions, and temper future P/E expectations despite ongoing interest in the company's prediction markets push. Analyst Commentary Recent research on DraftKings shows a split view, with some firms raising price targets on optimism around prediction markets and core sports betting, while others scale back expectations or turn more cautious on execution and growth.
New Narrative • Jul 21
DraftKings: Priced for Pessimism, But Are the Risks Fully Priced In?
The legalization of online sports betting created one of the fastest-growing industries in consumer discretionary. DraftKings emerged as one of its biggest winners, rapidly expanding their customer base as more states embraced regulated wagering.Seeking Alpha • Jul 16
DraftKings: A 40% Selloff Runs Contrary To The 64% Adjusted EBITDA Increase
Summary DraftKings (DKNG) is transitioning from a waiting game to approaching consistent profitability, as evidenced by strong Q1 2026 results. Q1 2026 revenue grew 17% YoY, while EBITDA surged 64% YoY, highlighting significant operating leverage. DKNG now benefits from multiple growth drivers: improved sportsbook margins, iGaming expansion, prediction markets, and higher revenue per customer. Despite a 4% decline in monthly unique players, DKNG is extracting more value per user and diversifying its revenue streams. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jul 23
DKNG: Prediction Market Regulation Will Constrain Margins And Future Share Returns
DraftKings' analyst fair value estimate is nudged lower to $18 from $20 as analysts refresh models for mixed near term digital gaming trends, slightly adjust discount rate and profitability assumptions, and temper future P/E expectations despite ongoing interest in the company's prediction markets push. Analyst Commentary Recent research on DraftKings shows a split view, with some firms raising price targets on optimism around prediction markets and core sports betting, while others scale back expectations or turn more cautious on execution and growth.New Narrative • Jul 21
DraftKings: Priced for Pessimism, But Are the Risks Fully Priced In?
The legalization of online sports betting created one of the fastest-growing industries in consumer discretionary. DraftKings emerged as one of its biggest winners, rapidly expanding their customer base as more states embraced regulated wagering.Seeking Alpha • Jul 16
DraftKings: A 40% Selloff Runs Contrary To The 64% Adjusted EBITDA Increase
Summary DraftKings (DKNG) is transitioning from a waiting game to approaching consistent profitability, as evidenced by strong Q1 2026 results. Q1 2026 revenue grew 17% YoY, while EBITDA surged 64% YoY, highlighting significant operating leverage. DKNG now benefits from multiple growth drivers: improved sportsbook margins, iGaming expansion, prediction markets, and higher revenue per customer. Despite a 4% decline in monthly unique players, DKNG is extracting more value per user and diversifying its revenue streams. Read the full article on Seeking AlphaNarrative Update • Jun 17
DKNG: Prediction Market Regulation Will Pressure Margins And Future Stock Returns
DraftKings' fair value estimate has been reduced from $24.00 to $20.00 as analysts balance stronger projected revenue growth and ongoing progress in prediction markets against lower assumed profit margins and a slightly higher discount rate. Analyst Commentary Street research on DraftKings stock is mixed, with a clear split between those who see upside tied to prediction markets and core online betting, and bearish analysts who are more focused on execution risks, profitability, and the impact of rising competition.
Narrative Update • Jun 01
DKNG: Prediction Market Expansion Will Support Nationwide Super App Ambitions
Narrative Update on DraftKings Analysts have trimmed the DraftKings fair value estimate from $35.95 to about $34.71, reflecting slightly lower modeled revenue growth and profit margin assumptions. Some see prediction markets expanding the company’s addressable market, while others flag higher marketing spend, competitive pressures, and uncertainty around the impact of prediction platforms on the core business.Narrative Update • May 13
DKNG: Prediction Markets Regulation And New Products Will Shape Measured Future Returns
DraftKings' updated analyst price target edges higher by $1, with analysts generally reconciling recent target cuts and raises around more measured revenue and margin expectations and a slightly higher future P/E assumption. Analyst Commentary Recent research on DraftKings shows a mixed backdrop, with some firms nudging price targets higher while many others trim targets or shift to more neutral ratings.
Narrative Update • Apr 28
DKNG: Prediction Market Expansion Into All 50 States Will Drive Repricing
DraftKings' updated analyst price target edges down from about $55.65 to $54.68, as analysts factor in slightly higher discount rates, a more moderate profit margin outlook, and continued investment in prediction markets that now assume a future P/E of about 27x. Analyst Commentary Street research on DraftKings has shifted toward more cautious assumptions, but a group of bullish analysts still see room for upside, particularly as the company leans into prediction markets and broadens its product set.Narrative Update • Apr 13
DKNG: Prediction Market Push And Regulation Will Shape Future Profitability And Risk Profile
DraftKings' consensus analyst price target moved lower by a few dollars into the mid to high $30s range, as analysts incorporate softer 2026 revenue guidance, higher prediction market investment, and increased regulatory and tax pressures into their models. Analyst Commentary Recent research commentary around DraftKings has tilted more cautious, with many firms resetting long term expectations after the company issued softer 2026 revenue guidance and outlined heavier investment in prediction markets.Narrative Update • Mar 30
DKNG: Federally Regulated Prediction Contracts Will Support Nationwide Expansion Plans
Analysts have trimmed the DraftKings fair value estimate from about $45.34 to $35.95 as they reset long term assumptions on revenue growth, margins, and future P/E in response to a wave of lower price targets that cite higher prediction market investment, competition, taxes, and softer 2026 guidance. Analyst Commentary Recent research on DraftKings clusters around two themes, prediction market investment and the reset to 2026 guidance, with valuation views splitting between those who see current expectations as conservative and those who are more skeptical about execution and industry growth.Narrative Update • Mar 16
DKNG: Prediction Market Expansion And Regulation Will Shape Future Margins And Earnings Power
DraftKings' updated fair value estimate moves from $30.00 to $24.00 as analysts recalibrate for softer revenue growth and profit margins alongside heavier predictions market investment, even as several price targets in the $30 to $50 range still highlight confidence in the long term potential of the combined online sports betting and predictions product. Analyst Commentary Recent Street research on DraftKings points to a mixed setup for investors, with many firms trimming price targets while still maintaining positive or neutral ratings.Narrative Update • Mar 02
DKNG: Prediction Market Reset And Regulation Will Drive Future Share Repricing
Analysts have collectively trimmed their DraftKings price targets, with our fair value estimate moving from about $60.48 to $55.65 as they factor in softer 2026 guidance and higher prediction market investment costs, along with expectations for improved margins and a lower future P/E multiple. Analyst Commentary Across recent research, most firms have cut their DraftKings price targets, but many still describe the story as one of execution on guidance, heavier investment in prediction markets and a reassessment of valuation rather than a fundamental break in the long term opportunity.Narrative Update • Feb 16
DKNG: Regulatory Scrutiny On Prediction Markets Will Shape Future Share Repricing
Analysts have lowered our DraftKings fair value estimate from $68.84 to $60.48, reflecting reduced projected revenue growth, a more conservative profit margin outlook, and a higher future P/E assumption that is consistent with the recent wave of reduced Street price targets. Analyst Commentary Street research on DraftKings has leaned more cautious on near term expectations, with a series of reduced price targets as firms recalibrate their models and incorporate higher spending, competitive pressure, and regulatory considerations.Analysis Article • Feb 04
With A 26% Price Drop For DraftKings Inc. (NASDAQ:DKNG) You'll Still Get What You Pay For
DraftKings Inc. ( NASDAQ:DKNG ) shareholders won't be pleased to see that the share price has had a very rough month...Narrative Update • Feb 02
DKNG: Prediction Market Uncertainty And Regulation Will Shape Margins And Earnings Power
Analysts have reduced their DraftKings price targets by a few dollars, while still highlighting expectations for higher revenue growth, improving profit margins and a lower future P/E multiple in their updated models. Analyst Commentary Recent research on DraftKings reflects a mixed but increasingly cautious tone, with several Bearish analysts trimming price targets and, in a few cases, reducing ratings after the latest quarterly results and guidance updates.Narrative Update • Jan 19
DKNG: Federally Regulated Event Contracts Will Unlock New States Over Time
Analysts have nudged their DraftKings fair value estimate higher to about US$45.34 from roughly US$44.47, reflecting updated views on slightly stronger long term profitability; a modestly lower discount rate; and a somewhat lower forward P/E multiple after recent price target revisions and mixed rating changes across the Street. Analyst Commentary Recent Street research on DraftKings shows a split tape, with some firms turning more constructive around the long term opportunity and others calling out nearer term risks tied to prediction markets, hold volatility and regulatory questions.Narrative Update • Jan 05
DKNG: Federally Regulated Prediction Markets Will Unlock New States And Long-Term Upside
Analysts have trimmed their average price target on DraftKings by about $0.34 to roughly $44.47. Slightly higher discount rates, modestly softer long term growth and margins, and a higher assumed future P/E multiple reflect a more balanced view of near term headwinds and long term prediction market and iGaming opportunities.Narrative Update • Dec 14
DKNG: Prediction Market Expansion Will Pressure Margins And Future Earnings Power
Analysts have trimmed their fair value estimate for DraftKings to $30.00 from about $40.89 as they moderate expectations for revenue growth, profitability, and future valuation multiples in light of increased competition from prediction markets, recent hold volatility, and more cautious near term earnings outlooks, despite a still constructive long term industry backdrop. Analyst Commentary Recent Street research reflects a clear reset in expectations for DraftKings as multiple firms trim price targets and, in some cases, ratings.Analysis Article • Dec 05
DraftKings Inc.'s (NASDAQ:DKNG) P/S Is Still On The Mark Following 26% Share Price Bounce
DraftKings Inc. ( NASDAQ:DKNG ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...Narrative Update • Nov 30
DKNG: Expanding Into New States Will Mitigate Rising Prediction Market Threats
DraftKings' average analyst price target has been lowered by approximately $1.24 to $44.81, as analysts cite continued hold volatility, increased promotional spending, and heightened competition from prediction markets as primary factors behind the revisions. Analyst Commentary Recent analyst coverage for DraftKings presented a wide range of perspectives on the company's outlook, reflecting both confidence in its growth prospects and caution regarding emerging challenges.Narrative Update • Nov 16
DKNG: Future Expansions Into New Markets Will Offset Competitive Risks
The consensus analyst price target for DraftKings has been reduced by approximately $5 to a new level near $46. Analysts point to persistent hold volatility, increased promotional spending, and growing risks from prediction market competition as key reasons for the adjustment.Narrative Update • Oct 31
DKNG: Emerging Sports Prediction Markets Will Drive Sector Competition Over Coming Quarters
The analyst price target for DraftKings was modestly reduced by $0.45 to $50.74. Analysts cited ongoing competition from prediction markets and short-term margin pressures as influencing factors in their revised outlook.Narrative Update • Oct 17
Legal Online Sports Betting Will Expand iGaming Markets
The consensus analyst price target for DraftKings was recently lowered by approximately $1.64. Analysts cited ongoing margin pressures in the third quarter and increasing competition from prediction markets as the primary drivers of more cautious estimates.Narrative Update • Oct 03
Legal Online Sports Betting Will Expand iGaming Markets
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.Analysis Article • Oct 02
DraftKings Inc.'s (NASDAQ:DKNG) Stock Retreats 27% But Revenues Haven't Escaped The Attention Of Investors
DraftKings Inc. ( NASDAQ:DKNG ) shares have had a horrible month, losing 27% after a relatively good period beforehand...Narrative Update • Sep 04
Legal Online Sports Betting Will Expand iGaming Markets
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.Seeking Alpha • Apr 28
DraftKings: I Am Finally Upgrading My Investment Outlook To Bullish, Here's Why
Summary DraftKings is poised for significant growth as it transitions to profitability in 2025, driven by a rapidly expanding customer base that grew 42.25% YoY in 2024. Strategic investments in technology, data science, and live betting innovations, along with acquisitions like Simplebet, position DKNG to maintain its competitive edge and capitalize on secular growth. Despite macroeconomic risks, such as rising unemployment and potential recessionary pressures, DKNG's improving free cash flow of $407.60 million in 2024, with a projected $850 million in 2025, is attractive. Read the full article on Seeking AlphaSeeking Alpha • Apr 20
DraftKings: A Baby Thrown Out With The Tariff Bathwater
Summary DraftKings generates $4.3B in annual revenue, set to grow alongside the expanding industry. Maintaining the 38% market share over the next five years is key in positioning DKNG for substantial business growth. Robust sales growth, a strong industry outlook, and no foreseeable obstacles to forward earnings gains justify a positive rating for DKNG. Read the full article on Seeking AlphaSeeking Alpha • Mar 28
DraftKings: Excellent 2025 Momentum At An Attractive Valuation
Summary DraftKings is seeing excellent and accelerating growth momentum. The momentum will likely continue in 2025 as the company's customer base swells. DraftKings bottom-line is also seeing a significant rise as the growth comes while the costs are controlled. DraftKings is attractive valued considering the company's growth and potential. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
DraftKings: A Pivotal 2025, Real Profits Ahead (Rating Upgrade)
Summary DraftKings previously checked every red flag on my list, but with the stock down 30% and 2025 prospects, it's time to change the tone. Despite unprofitable quarters and high expenses, DraftKings' unique customers grew 42% Y/Y, and 2025 could see profitability with close to half a billion dollars in free cash flow. At $38/share, DraftKings' valuation is starting to make sense, with a 41x EV/FCF multiple for a 35% growth company. After being a longtime bear, I'm upgrading DraftKings to a 'Buy'. Read the full article on Seeking AlphaShareholder Returns
| DKNG | US Hospitality | US Market | |
|---|---|---|---|
| 7D | -7.7% | -2.0% | -1.1% |
| 1Y | -48.7% | -13.2% | 15.1% |
Return vs Industry: DKNG underperformed the US Hospitality industry which returned -13.2% over the past year.
Return vs Market: DKNG underperformed the US Market which returned 15.1% over the past year.
Price Volatility
| DKNG volatility | |
|---|---|
| DKNG Average Weekly Movement | 7.7% |
| Hospitality Industry Average Movement | 6.9% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: DKNG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: DKNG's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 5,500 | Jason Robins | www.draftkings.com |
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines.
DraftKings Inc. Fundamentals Summary
| DKNG fundamental statistics | |
|---|---|
| Market cap | US$11.32b |
| Earnings (TTM) | US$58.64m |
| Revenue (TTM) | US$6.29b |
194.7x
P/E Ratio1.8x
P/S RatioIs DKNG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DKNG income statement (TTM) | |
|---|---|
| Revenue | US$6.29b |
| Cost of Revenue | US$1.47b |
| Gross Profit | US$4.83b |
| Other Expenses | US$4.77b |
| Earnings | US$58.64m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 06, 2026
| Earnings per share (EPS) | 0.12 |
| Gross Margin | 76.70% |
| Net Profit Margin | 0.93% |
| Debt/Equity Ratio | 303.3% |
How did DKNG perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/24 02:49 |
| End of Day Share Price | 2026/07/24 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DraftKings Inc. is covered by 51 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre-Marie D'Ornano | Arete Research Services LLP |
| Brandt Montour | Barclays |
| Michael Hickey | Benchmark Company |