If yes, then on this page you will find useful information about the dynamics of the DraftKings What Is the Best EV Stock to Buy Now? Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The short float on DKNG stock is around 10%. Build a CFD portfolio with your favourite companies. Optimistic: $21.43, An uptrend is forecast for this month with an optimal target price of $21.0369. Its about the long term. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in DraftKings (DKNG). Online gaming company DraftKings (NASDAQ:DKNG) has been the talk of the industry in the past year. DKNG Forecast. Get the free SEC Filings - DraftKings Inc. Class A Common Stock (DKNG) Description . It is already an official sports betting partner of the NFL, which can boost its profile and help DraftKings continue to expand. In late summer 2021, DraftKings (NASDAQ: DKNG) rebounded to more than $60 and looked ready to find a new high. When using the forecast data, the investor assumes all financial risks. A company with a weak moat has a broken business model. I estimate DraftKings will have at least $2 billion in cash by 2025 from profitability and further warrant issues. I think the valuation for DKNG stock is always going to be at least 4 to 5 years in the future. and Weighted Average Best Forecast. Financial Statements Analyst Forecast According to 40 analysts, the average rating for DKNG stock is "Buy." stock price in 2023, 2024, 2025, 2026, 2027. The stocks are grouped by market cap, from micro to mega-caps, for a total of 100 stocks (out of a universe of over 3,000 stocks). During pandemic-induced global lockdowns, the popularity of online gaming and betting soared. Shareholders will need to wait for the Board to review and approve DraftKings gaming license. Optimistic: $22.41. Compared to $213m in revenues for the three months to 30 September 2021, Q3 2020 revenues were at $132m. The average DRAFTKINGS INC - CL A stock forecast represents a 43.27% increase from the last price of $14.2600002288818. DKNG stock is a buy as it heads closer to $70. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Investors are losing patience waiting for DraftKings to win approval for operating sportsbook operations. A16 ated in 2021 to move the talc Major U.S. stock indexes injury . Pessimistic: $19.23. According to our research, DKNG stock is a bad long-term investment. That is the reason why I dont feel right now that is important to discount the future sales and EBITDA to the present. How much will one DraftKings share be worth in Draft Kings Annual Report 2021 Form 10K (NASDAQ:DENG) Published: November 5th, 2021PDF generated by stock light. Once profits can be clearly forecast, the valuation will be based on a discounted measure of their present value. At its bullish peak, speculators bet that the National Football League (NFL). DKNG made it to the top 20. 1125 N. Charles St, Baltimore, MD 21201. At one point, the platforms most popular sport was Ukrainian table tennis. Ark Investments Cathie Wood is a fan of DKNG stock and has bought it time and again. Of course, today is another bloodbath in the markets. In the quarters ahead, DraftKings needs to demonstrate sustained revenue growth as operating expenses declined. 1125 N. Charles St, Baltimore, MD 21201. Profits are likely a couple of years away. The current analyst price target consensus has an upside of 151.05%, based on the last closing price of $19.32 as of 26 January 2022. After all, right now the stock has a huge price-to-sales ratio. Loop Capital believes the fact that DraftKings has become the No. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. 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. So far in 2021, DKNG has gained another 21% though that includes the recent sell-off from last months highs. According toPRNewswire, the online sports betting industry will go from $9.5 billion in 2020 to $37 billion in 2025. Still, DraftKings heavy advertising spending is temporary. Ops) Growth trends, charts, and more. and it easily beat analyst forecasts. worth $1.56 billion. Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023. DraftKings is now available in 12 states after its blockbuster launch in Virginia and Michigan. DKNG stock hardly is cheap: it trades at more than 30x 2020 revenue. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The company defines MUPs as users who have paid engagement across one or more product offerings. It began the process for getting Nevada gaming licenses back on March 11, 2020. Copyright DraftKings is expected to announce Q3 earnings on November 5th, 2021. All rights reserved. Detailed values for the DraftKings stock price can be found in the table below. The investor bet against Tesla (NASDAQ:TSLA), saying in December 2017 that the stock was worth zero. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. One of the most exciting planned acquisitions is Golden Nugget Online(NASDAQ:GNOG). And we have a stock thats pulled back substantially from its highs. Better, gambling stocks, like DKNG did push higher - temporarily - with 2022 March Madness. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. ops) growth is -8.7%.. View Leidos Holdings, Inc.'s Net Income to Stockholders (Cont. The third-quarter results may take the stock higher to the $50s. It has a high revenue growth, and the company is putting the money in the right places by partnering with the right players and companies. 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. Once investors grow more confident that the business is profitable, they will accumulate shares. DKNG stock has now risen from a recent closing low on July 16 of $43.79 to $51.98 as of the close on. Recently, TSLA stock traded in the $1 trillion market capitalization. What You Should Know. In 2020, DraftKings (NASDAQ:DKNG) stock rose a sizzling 335%. In a 9 August 2021 press release, DraftKings announced that it would acquire and leverage Golden Nugget Online Gamings popular brand name and existing combined database of more than five million customers. One of the states that introduced legislation in 2021 in New York, which boasts a population of over 19 million. Optimistic: $20.20, An uptrend is forecast for this month with an optimal target price of $19.695. The benefits from its expansion strategies remain to be seen. For the three months ended September 2021, revenue from MUPs was reported at $1.34m. 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. Her knowledge of words and numbers helps her write clear stock analysis. We will see a lot of action around the start of this years football season. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. The stock is above fair value at current levels. Indeed, the fact that DraftKings is gaining market share much faster than its peers is a key catalyst for this price target hike. Thats a logical strategy. Right now, no triggers for any actions.. Optimistic: $20.56, An uptrend is forecast for this month with an optimal target price of $19.8683. DraftKings Stock Forecast: heading to $15. All rights reserved. During the day the stock fluctuated 9.96% from a day low at $19.28 to a day high of $21.20. The company has made several acquisitions over the year and is constantly growing its presence across different states. Counted STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10K/A Fill & Sign Online, Print, Email, Fax, or Download . Pessimistic: $19.59. Our 3 Top Picks. The average Tattooed Chef stock price prediction forecasts a potential upside of 437.19% from the current TTCF share price of $1.21. But note that past performance is no guarantee of future results. The consensus 12-month DraftKings stock price target is $56.13. Customers will get a better online sportsbook experience. Over the past. Sign up below to get this incredible offer! While the effectiveness of this highly sought-after metric is questionable,. We initially share this idea in October 2018 and the stock . Our 3 Top Picks. DraftKings stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. In 2020, DraftKings (NASDAQ: DKNG) stock rose a sizzling 335%. Sure, market conditions have been a big reason why LCID stock has fallen from $25 to under $10 . However, a report from short-seller Hindenburg Research has most recently been a thorn in its side. Are you interested in DraftKings Inc. stocks prediction? That implies that DraftKings market share would be slightly less than a quarter by 2025. That is a price-to-sales multiple of 19.2 times. Traders also thought sports betting gaming license wins would be positive catalysts. The stock had fallen 63% over the past year through Thursday's close. The weighted average target price per DraftKings share in May 2025 is: 19.84. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. That is not normal. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. She is also involved in the design and development of sports betting and casino gaming platform software for online and retail bookmakers, as well as casino gaming products. According to our research, DKNG stock is a bad long-term investment. The average price target represents a 23.04% change from the last price of $18.58. Look at software or e-commerce: most of the biggest winners in those sectors had skeptics hollering about valuation all the way up. According to data compiled by Market Beat, of 26 analysts, 17 rated the DKNG stock a buy, eight suggested a hold and one recommended a sell. From Q3 2020 to Q3 2021, MUPs grew by approximately 31.37%. Meanwhile, costs rose as the pandemic drove higher spending in a number of areas. During that time there have been over 4000 blog posts made with over 10,000 charts on the markets and nearly 15 million page . The difference between trading assets and CFDs. Sign up below to get this incredible offer! Capital Com is an execution-only service provider. Despite the pandemic, DraftKings has seen increases in its user numbers and its market share. Nevertheless, DKNG stock is now positive for the year (+16.73%), as it closed at $46.56 on Dec. 31. As a result of strong engagement and cross-selling initiatives, average revenue per MUP (ARPMUP) increased by 38.23%, from $34 to $47. DraftKings and Penn National Gamings (NASDAQ:PENN) Barstool Sports are seeking petition signers to support adding sports betting to the Florida ballot. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, $14.51 / $14.65. call +44 20 3097 8888 support@capital.com. She believes in buying and holding for long-term gains. Just from what weve seen so far, the 2020 case for DKNG stock looks like it was on point. DKNG stock is promising for the long term and has a massive user base. On 26 January 2021, DKNG stock closed at $54.06. A Bigger Market and a Cheaper Price Make Draftkings Stock a Buy. All rights reserved. That represents a drop of 24.5% over 3 months. (Next month, 2023, 2024, 2025, 2026 and 2027) 1125 N. Charles St, Baltimore, MD 21201. DraftKings Inc. stock trend is negative. The company recently acquired Golden Nugget (NASDAQ:GNOG), an online gambling service, for an all-stock transaction worth $1.56 billion. Copyright 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. Copyright 2023 InvestorPlace Media, LLC. Here are the top 20 stocks that have the highest upside according to Wall Street analysts. It continues to innovate and offer new unique features to improve the quality of its service. quotes delayed at least 15 minutes, all others at least 20 minutes. The successful prediction of DraftKings' future price could yield a significant profit. The company distributes its product offerings through a variety of channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. Copyright 2023 InvestorPlace Media, LLC. The New York Times was among the many media organizations in 2020 that pushed the narrative that the COVID lab leak theory was some sort of wild conspiracy being pushed by the far right.. As the Times reported earlier this week, "new intelligence has prompted the Energy Department to conclude that an accidental laboratory leak in China most likely caused the coronavirus pandemic." 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. Jefferies forecasts a 2.8 percent decline for the consumer . Lets dive into the analyst that just gave DKNG stock a big upgrade today. The company revised its full-year outlook after reporting smashing results and a company will only take this step when it is confident of meeting the expectations. Target values for the price of one DraftKings share for May 2025. The deal will help increase revenue and attract new users to DraftKings. The chart below shows the historical price of DraftKings stock and a prediction chart for the next month. EPS shows how much of the net profit is accounted for by the common share. Additionally, it also launches social media features on its platform, enabling customers to interact and share their bets effectively. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. We use cookies to ensure that we give you the best experience on our website. In May, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.401% volatility is expected. Optimistic: $23.03, An downtrend is forecast for this month with an optimal target price of $21.7914. 2023 InvestorPlace Media, LLC. According to. As the wave of legalization of OSB continues in the country, DraftKings has a shot at stamping its authority on the sector. A key performance indicator is growth in the number of monthly unique payers (MUPs). 222 Berkeley Street, Boston, MA, 02116, United States. The majority of retail investor accounts lose money when trading CFDs. On a compounded basis, that works out to 32.2% average annual growth in sales. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: At its core, my model depends on a report by Morgan Stanley analyst Thomas Allen. Some states wont want to see revenues head to neighboring jurisdictions. DraftKings stock is lower by 10.41 percent over the past month, and the gaming name shed 29.15 percent from its March highs. Investors correctly took the long view. Sign up below to get this incredible offer! DKNG Stock Down Despite Impressive Price Target Currently, DKNG trades at roughly $56 per share. This is despite the fact that right now the company is unprofitable. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/dkng-stock-has-monstrous-potential-in-the-future-of-sports-betting/. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. A recently updated price target from Loop Capital for DKNG stock of $105 implies upside of approximately 85% from current levels. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies . Moreover, the company has a keen eye for innovation and introduced several new features to drive engagement on its platform. With more states legalizing sports betting, the company has grown significantly. 1125 N. Charles St, Baltimore, MD 21201. Naturally, many of these proposals will not make it past the finish line. DraftKings reported revenues of $312 million, representing year-over-year growth of 175%. Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price. DKNG stock looks undervalued considering the potential of the company. This is massive growth and DraftKings will play a major role here. All rights reserved. Nasdaq What are analysts' forecasts for DraftKings stock? This is because the market assumes that the sports betting market will continue to grow dramatically. 2023 Capital Com Online Investments Ltd. Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. DraftKings (DKNG) stock forecast for 2022 Last update: February 21, 2023 (05:59) Sector: Financial The share price of DraftKings Inc. (DKNG) now DKNG DraftKings Inc. 18.19 D 4.46% (0.85) What analysts predict: $20.78 52-week High/Low: $25.01 / $9.77 50/200 Day Moving Average: $13.99 / $14.51
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