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DraftKings Inc. Stock

Price
Target price
€34.36

€34.36

-1.220%
-0.425
-1.220%
€46.07
 
02.07.24 / Tradegate WKN: A3DL31 / Symbol: DKNG / Name: DraftKings / Stock / Large Cap /
Please give a prediction to see the opinions of the community
Buy
None
Sell
sharewise uses Wisdom of crowds to gather information regarding a security. Wisdom of crowds works best if you do not see the predictions of others before giving your estimate. Please click one button to see how the community sees this security.
Your prediction
Pros and Cons of DraftKings Inc. in the next few years
Wizard

DraftKings Inc. Stock

We can see a decrease in the price for DraftKings Inc.. Compared to yesterday it has lost -€0.425 (-1.220%).
With 67 Buy predictions and 4 Sell predictions DraftKings Inc. is one of the favorites of our community.
With a target price of 46 € there is a positive potential of 33.88% for DraftKings Inc. compared to the current price of 34.36 €.
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.
What does DraftKings do?

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.

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Comments

Prediction Buy
Perf. (%) -1.42%
Target price 53.946
Change
Ends at 01.07.25

DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $60.00 to $58.00. They now have an "outperform" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Oppenheimer Holdings Inc. 
0
Report Share
01.07.24
Prediction Buy
Perf. (%) -3.20%
Target price 48.636
Change
Ends at 26.06.25

DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at Guggenheim from $53.00 to $52.00. They now have a "buy" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Guggenheim 
0
Report Share
26.06.24
Prediction Buy
Perf. (%) -6.36%
Target price 49.544
Change
Ends at 25.06.25

DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at Wells Fargo & Company from $54.00 to $53.00. They now have an "overweight" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Wells Fargo & Company 
0
Report Share
25.06.24
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News

DraftKings Stock: You Can Bet on New Highs This Year: https://www.marketbeat.com/logos/articles/med_20240624122918_chart-dkng-6242024ver001.png
DraftKings Stock: You Can Bet on New Highs This Year

DraftKings' (NASDAQ: DKNG) quality business and healthy outlook are why the recent stock price correction was a buy-the-dip opportunity. The market had cause to correct; Illinois raising taxes on

MarketBeat 
0 25.06.24
Terrible News for DraftKings Stock Investors: https://g.foolcdn.com/editorial/images/779462/betting-on-sports-on-computer.jpg
Terrible News for DraftKings Stock Investors

DraftKings (NASDAQ: DKNG) stock has been hit by news that Illinois could be raising taxes, and that may undermine the company's financial upside. As Travis Hoium discusses in this video, taxes may

TheMotleyFool 
0 04.06.24
Could Investing $100,000 in DraftKings Stock Make You a Millionaire?: https://g.foolcdn.com/editorial/images/778843/draftkings_dkng_stock_sports_betting_gambling.jpg
Could Investing $100,000 in DraftKings Stock Make You a Millionaire?

It's a good news/bad news situation for U.S. sports betting businesses like DraftKings (NASDAQ: DKNG), it seems. The good news is that gambling facilitators are raking in plenty of revenue nowadays

TheMotleyFool 
0 01.06.24