DKNG stock has slipped in the past month without a material change to its bullish narrative. 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. Shares still are below early October highs. Additionally, it also launches social media features on its platform, enabling customers to interact and share their bets effectively. stock price in 2023, 2024, 2025, 2026, 2027. DKNG stock has now risen from a recent closing low on July 16 of $43.79 to $51.98 as of the close on. All rights reserved. All rights reserved. DraftKings (DKNG) stock Forecast for 2022 2026, This website uses cookies to ensure you get the best experience on our website. At its core, my model depends on a report by Morgan Stanley analyst Thomas Allen. Opinions on the stock are mixed, with 16 analysts rating it as a "buy," 0 as "overweight," 7 as "hold," and 1 as "sell.". In multiple states, voters passed referendums legalizing sports betting in November. But note that past performance is no guarantee of future results. On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Accordingly, investors in risk assets appear to be rethinking their positions today. Online gambling app DraftKings (NASDAQ:DKNG) has certainly had an excellent year. A company with a weak moat has a broken business model. This is when DraftKings will make the right moves to widen its market share and grow revenue. The company provides users with daily opportunities for sports, sports betting and iGaming. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. It cannot rely on rising advertising spending to grow. The difference between trading assets and CFDs. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone. DraftKings has such a small amount of debt that we'll set it aside and focus on the US$2.6b in cash it held in June 2021. The fair value of DKNG stock is scaring away investors, but this could create opportunities. DraftKings Inc. stock trend is negative . Copyright Article printed from InvestorPlace Media, https://investorplace.com/2021/07/buy-the-dip-in-dkng-stock-for-its-incredible-growth-outlook/. In other words, the markets outlook on the stock will roll over to the next 4-to-5-year sales and EBITDA forecasts. In the first quarter of 2021, DKNG's total net revenues surged 146% year-over-year to $322 million. Thats a logical strategy. Is DKNG a good long term stock? Our 3 Top Picks. Article printed from InvestorPlace Media, https://investorplace.com/2022/01/why-dkng-stock-is-out-of-favor-despite-its-strong-prospects/. On the date of publication, Mark R. Hake did not hold a position in any security mentioned in this article. This win will lift the companys brand awareness and give it an edge over the competition. Our 3 Top Picks. Investors now can own that story at a cheaper price. "width": "250", Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. 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. 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 is not only offering an exciting experience to the users, but is also working on building alternative sources of revenue. Buy DKNG stock before third-quarter results. That implies that DraftKings market share would be slightly less than a quarter by 2025. Draftkings has been making some interesting acquisitions lately including the recent deal to acquire Golden Nugget Online Gaming in an all-stock deal valued at approximately $1.56 billion, which will eventually allow the company to move into the lucrative Nevada sports wagering market. DraftKings Inc. stock trend is negative. Arizona came on board last week. It is already an official sports betting partner of the NFL, which can boost its profile and help DraftKings continue to expand. DraftKings is now available in 12 states after its blockbuster launch in Virginia and Michigan. I estimate DraftKings will have at least $2 billion in cash by 2025 from profitability and further warrant issues. Dont forget that DraftKings has a solid iGaming business where that is available: it has solid market share in New Jersey, for instance. When looking for a long-term forecast, its important to bear in mind that analysts forecasts and price targets can be wrong. For the year ended Dec. 31, 2022, DraftKings reported revenue of $2.2 billion, which represented 69% growth year over year. Copyright 2023 InvestorPlace Media, LLC. Theres even room for international expansion over time, as DraftKings has offices in Europe as well. Loop Capital believes the fact that DraftKings has become the No. The stock has been trading in the range of $40s for a month and I do not see a breakout point any time soon. 2023 InvestorPlace Media, LLC. Theres even room for more lines. A company will only raise its guidance if it is confident it can match or beat its forecast, and DraftKings looks set to dominate the market. All rights reserved. The consensus 12-month DraftKings stock price target is $56.13. The third-quarter results may take the stock higher to the $50s. For example, as mentioned analysts expect revenue to reach $1.17 billion this year. According to our research, DKNG stock is a bad long-term investment. 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. 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. 1125 N. Charles St, Baltimore, MD 21201. and Weighted Average Best Forecast. It continues to innovate and offer new unique features to improve the quality of its service. Here Are 10 Other Analyst Forecasts For Tuesday Feb. 21, 2023 at. DraftKings needs to shrink its expenses in the quarters ahead. 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. On the date of publication, Vandita Jadejadid not have (either directly or indirectly) any positions in the securities mentioned in this article. Pessimistic: $20.82. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. A day after this was announced, the stock lost 0.72%. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. DKNG stock hardly is cheap: it trades at more than 30x 2020 revenue. Investors correctly took the long view. It has a growing user base in different states which will continue to push revenue higher. More no doubt are on the way. Copyright Within the next five years, I suspect that those expenses will fall as a percent of sales, allowing the company to start to reap 50% EBITDA margins. Here are the top 20 stocks that have the highest upside according to Wall Street analysts. 1125 N. Charles St, Baltimore, MD 21201. Since then, as of June 9, it is now at $54.35. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies . Nevertheless, DKNG stock is now positive for the year (+16.73%), as it closed at $46.56 on Dec. 31. Considering the potential of the company and the industry to cater to, DKNG stock is well positioned at the current level. The material provided on this website is for information purposes only and should not be understood as an investment advice. 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. And we have a stock thats pulled back substantially from its highs. 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. Negative dynamics for DraftKings shares will prevail with possible volatility of 4.145%.Pessimistic target level: 18.42Optimistic target level: 19.22, Forecast target price for 03-07-2023: $19.20. The company spent around $1.56bn in acquiring Golden Nugget. Target values for the price of one DraftKings share for May 2025. With more states legalizing sports betting, the company has grown significantly. Profits are likely a couple of years away. Theres even room for more lines. Nasdaq Considering the potential of the company and the industry to cater to, DKNG stock is well positioned at the current level. EBITDA is earnings before interest, income tax and depreciation of assets. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Pessimistic target level: 18.99. DraftK ings Inc. headquartered in Boston, Massachusetts. Meanwhile, costs rose as the pandemic drove higher spending in a number of areas. In fact, DKNG ran from about $15.50 to just above $21 at the start of the tournament. What Is the Best EV Stock to Buy Now? The company is one of the biggest players in the sports betting industry. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone. The short float on DKNG stock is around 10%. DraftKings stock is lower by 10.41 percent over the past month, and the gaming name shed 29.15 percent from its March highs. Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America. Thats exactly what is happening. Positive dynamics for DraftKings shares will prevail with possible volatility of 5.819%.Pessimistic target level: 18.79Optimistic target level: 19.95, Forecast target price for 03-09-2023: $19.66. If customers shop for a better sports betting platform, DraftKings stock will face selling pressure. demicshowering cash on hasn't had to lay off workers. With a 5-year investment, the revenue is expected to be around +1089.67%. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/dkng-stock-should-rise-by-34-based-on-revenue-projections/. A16 ated in 2021 to move the talc Major U.S. stock indexes injury . 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. Some states wont want to see revenues head to neighboring jurisdictions. But this result reflected marketing expenses of $228.7 million, or 73.2% of sales. Shareholders will need to wait for the Board to review and approve DraftKings gaming license. This is 15.33% more than the trading day before Thursday, 16th Feb 2023. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nasdaq Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023. Its aggressive promotional activities will solidify its market share growth in sports betting. DraftKings is known for strong partnerships in the ever-expanding industry. Theres even room for more lines. DraftKings shares closed 1.94% to $52.46 on Friday. For those of you just seeing this! Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. 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. 1125 N. Charles St, Baltimore, MD 21201. Shares Short Prior Month - the number of shares in short positions in the last month. Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. Copyright It has shown volatility since then and is trading much lower at less than $47 today. Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price. Others, like California, need to work through a nest of competing interests. However, gaming license delays and a dramatic shift in market sentiment toward bearishness have added risks for the sector. DraftKings reported revenues of $312 million, representing year-over-year growth of 175%. If yes, then on this page you will find useful information about the dynamics of the DKNG stock price in 2022-2027. The successful prediction of DraftKings' future price could yield a significant profit. quotes delayed at least 15 minutes, all others at least 20 minutes. Market capitalization is the total market value of all issued shares of a company. On a compounded basis, that works out to 32.2% average annual growth in sales. So far in 2021, DKNG has gained another 21% though that includes the recent sell-off from last months highs. , the online sports betting industry will go from $9.5 billion in 2020 to $37 billion in 2025. Its difficult to see why. If this momentum continues, its certainly possible DraftKings could post some blowout quarters. Yet investors dont seem nearly as excited. The weighted average target price per DraftKings share in May 2025 is: 19.84. An analysts DraftKings stock analysis is based on making fundamental and technical studies of the stocks performance. 1 U.S. sportsbook in Apples App Store is a key indicator of how the market has shifted in DraftKings favor. The investor bet against Tesla (NASDAQ:TSLA), saying in December 2017 that the stock was worth zero. Keep in mind that DKNG stock is well off of its highs. It began the process for getting Nevada gaming licenses back on March 11, 2020. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Optimistic: $23.47, An downtrend is forecast for this month with an optimal target price of $20.8086. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Ops) Growth trends, charts, and more. 1125 N. Charles St, Baltimore, MD 21201. Another highlight of Q3 2021 was migration from Kambi to its in-house technology platform powered by SBTech. Join us as we find out what lies ahead for this sports betting company, undertake a DraftKings share price forecast and get analyst insights on DraftKings stock potential. Moreover, the company has a keen eye for innovation and introduced several new features to drive engagement on its platform. "colorTheme": "light", During the day the stock fluctuated 9.96% from a day low at $19.28 to a day high of $21.20. For DraftKings stocks, the 50-day moving average is the support level today. Bears may justify the ongoing losses as a reason to bet against the company. It launched a variant game of blackjack called Spanish21, which is a unique offering among its peers. This is despite the fact that right now the company is unprofitable. A key performance indicator is growth in the number of monthly unique payers (MUPs). The broader pullback in growth stocks is a major reason for the drop. On 26 January 2021, DKNG stock closed at $54.06. The data suggest that this NFL season is bringing a flurry of activity to DraftKings platform much greater than what analysts predicted. Indeed, the fact that DraftKings is gaining market share much faster than its peers is a key catalyst for this price target hike. 1125 N. Charles St, Baltimore, MD 21201. The Companys registered office is at Bahamas Financial Centre, 3rd Floor, Shirley and Charlotte Street, P.O. Pessimistic: $19.23. }. As a result of strong engagement and cross-selling initiatives, average revenue per MUP (ARPMUP) increased by 38.23%, from $34 to $47. moreover, are not trading signals. Detailed values for the DraftKings stock price can be found in the table below. That includes DraftKings (DKNG), which just caught double bottom support around $18 - and could see higher highs. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. DraftKings Inc., Tesla, H&R Block, Inc., among others, are approaching price targets. During pandemic-induced global lockdowns, the popularity of online gaming and betting soared. as a result of using the information contained on the site. $14.51 / $14.65. Investors need not fear Chanos assertions. 1125 N. Charles St, Baltimore, MD 21201. However, those concerns are simply a diversion from the companys long-term bull case. The rest of this article will explain how I value DKNG stock, so you can have a simple understanding of my working model. Pessimistic: $18.40. Theres a simple reason why DKNG and other sports betting stocks rallied in 2020. Growing competition is a long-term risk for DraftKings. 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. Conversely, DraftKings may post ongoing losses and a break-even quarter starting next year. Copyright 2023 InvestorPlace Media, LLC. Copyright 2023 InvestorPlace Media, LLC. DraftKings is the undisputed king of gaming, with a fantasy sports market share of roughly 30% in the U.S. market. DKNG (DKNG) Monthly Stock Prediction for 2023 Full forecast for 2023 DraftKings forecast for this year DraftKings Stock Prediction for Mar 2023 An uptrend is forecast for this month with an optimal target price of $ 18.9448. One of the states that introduced legislation in 2021 in New York, which boasts a population of over 19 million. DraftKings company info Forecasting 52 Week High: 19.5476 USD 52 Week Low: 0.00000000000101 USD On 25 January 2022, Moffett Nathanson slashed its DraftKings stock projection target from $36 to $25, but maintained its neutral rating. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Wood's flagship Ark Innovation ETF has slid 43% during the past year, but has rebounded 23% so far this year. However, a report from short-seller Hindenburg Research has most recently been a thorn in its side. Article printed from InvestorPlace Media, https://investorplace.com/2021/08/dkng-stock-is-set-for-growth-with-strong-q2-results-and-partnerships/. Additionally, Loop Capital believes DraftKings relationship with the NFL could be a massive catalyst. Optimistic: $23.78, An uptrend is forecast for this month with an optimal target price of $22.4839. The company has already made impressive acquisitions and deals over the past year, and it does not appear ready to slow down anytime soon. One of the hottest stocks right now,DraftKings(NASDAQ:DKNG), has been an intriguing company to watch. The stock will go higher in the coming months and this dip is a good chance to enter. Importantly, its cash burn was US$425m over the trailing twelve months.. Major sports have since returned, leading to big-time growth in DraftKings revenue. When using the forecast data, the investor assumes all financial risks. Lets dive into the analyst that just gave DKNG stock a big upgrade today. Moreover, its not as if theres any bad news driving the pullback. According to its forecast, as of 27 January 2022, the DraftKings future stock price could potentially decline to 0.000001 by March 2023. That is no small feat. 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. I think the valuation for DKNG stock is always going to be at least 4 to 5 years in the future. Trailing P/E depends on what has already been done. Financial Statements Analyst Forecast According to 40 analysts, the average rating for DKNG stock is "Buy." This transaction is expected to be wrapped up in the next six months and it will add 5 million users to the company. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. These are two of many partnerships the company has formed to increase growth. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. We will see a lot of action around the start of this years football season. That would validate Chanos short position because the stock trades well above its fair value. Is This the Best Way to Invest in the AI Gold Rush? Indeed, the moves in DKNG stock have been impressive this year. The average price predicted for Yamana Gold Inc. (AUY) by analysts is $6.27, which is $0.99 above the current market price. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/dkng-stock-has-monstrous-potential-in-the-future-of-sports-betting/. A recently updated price target from Loop Capital for DKNG stock of $105 implies upside of. That is a price-to-sales multiple of 19.2 times. That is the reason why I dont feel right now that is important to discount the future sales and EBITDA to the present. With March Madness just days away, keep an eye on gambling stocks. All rights reserved. The company defines MUPs as users who have paid engagement across one or more product offerings. And sports betting taxes are a logical source of that revenue. Growth of 61.36% was reported with revenues up by $81m. 2023 InvestorPlace Media, LLC. 2023 - 2027? Pessimistic: $21.43. According to an algorithmic-based application, Wallet Investor, the share price for DKNG stock could potentially decline to $0.000001 by March 2023. Theres even room for more lines. The public float for AUY is 957.57M, and at present, short sellers hold a 0.67% of . Opinions on the stock are mixed, with 2 analysts rating it as a "buy," 0 as "overweight," 6 as "hold," and 2 as "sell.". DKNG Forecast. Lorem ipsum dolor sit amet, consectetur adipiscing elit. This year, 25 state legislatures introduced legislation to legalize online sports betting. Their mutual passion evolved to build a sports betting company with footprints in eight countries. 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. The NFL post-season will have strong betting volumes compared to the regular season. ops) growth is -289.4%.. View Great Panther Mining Limited's Diluted EPS (Cont. Are you interested in DraftKings Inc. stocks and want to buy them, or are they already in your portfolio? Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. This is massive growth and DraftKings will play a major role here. Optimistic: $21.43, An uptrend is forecast for this month with an optimal target price of $21.0369. I also believe its newly-launched NFT platform will work in favor of the company and eventually attract new users to the platform. The market is getting competitive, and new markets will allow DraftKings to cement its authority and expand its revenue base to new heights. DKNG Stock 12 Months Forecast $22.86 (23.04% Upside) Based on 21 Wall Street analysts offering 12 month price targets for DraftKings in the last 3 months. When should I record a loss on DraftKings stock? But DKNG shouldnt be cheap. 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. After all, right now the stock has a huge price-to-sales ratio. But DKNG stock actually has suffered. Famed short-seller Jim Chanos disclosed his bet against the companys stock, and Chief Executive Officer Jason Robins questioned his concerns on valuations. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. In November 2021, the federal court made a ruling that puts an end to sports betting legalization. Theres even room for more lines. On 5 November 2021, DraftKings released its Q3 2021 financial results. The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in DraftKings (DKNG). 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. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. With this multi-year sports data agreement, DraftKings will get access to a full portfolio of sports data and content, including official NFL data. 5 Hypergrowth Stocks With 10X Potential in 2023, DraftKings reported revenues of $312 million, 7 A-Rated Retirement Stocks to Buy to for Your Golden Years, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. All rights reserved. Since then, the stock has lost 64.26% in value, reaching $20.33, at the time of writing (27 January 2022). The story is the same as it was when DKNG was rallying last month and last year. It still has plenty of growth in existing markets as users come on board. Wallet Investor is bearish on DraftKings stock value, restricting our scope to provide DraftKings stock outlook for 2025-2030. It uses the current share price and divides it by the total earnings per share for the last 12 months. DKNG stock was up close to 1% when markets. Sign up below to get this incredible offer! 222 Berkeley Street, Boston, MA, 02116, United States. This is proof that the company confidently expects higher user growth and revenue generation in the coming quarter. Close price at the end of the last trading day (Friday, 17th Feb 2023) of the DKNG stock was $20.54. "symbol": "NASDAQ:DKNG", It has only unlocked a mere fraction of its massive addressable market and will continue growing at a torrid pace. Nasdaq The stock had fallen 63% over the past year through Thursday's close. New state launches will continue playing a major role in sustaining its lofty growth numbers in the future. Article printed from InvestorPlace Media, https://investorplace.com/2021/09/draftkings-price-predictions-why-one-analyst-sees-dkng-stock-headed-to-105/. Copyright 2023 InvestorPlace Media, LLC. What are analysts' forecasts for DraftKings stock? 2023 InvestorPlace Media, LLC. A Bigger Market and a Cheaper Price Make Draftkings Stock a Buy. The company has a stronghold on the industry and is making the right moves with partnerships and acquisitions to ensure that it grabs maximum users. and it easily beat analyst forecasts. It was fourth quarter earnings that helped drive the rally to last months highs, thanks in part to raised guidance for this year. Therefore, assuming 50% margins, EBITDA will reach $1.79 billion by 2025. That gives DKNG stock an enterprise value of $26.85 billion. The entire focus for traders interested in DKNG is $17.41. 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. The stock is above fair value at current levels. Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2021/04/bigger-market-cheaper-price-make-dkng-stock-buy/. DraftKings stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals.
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