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DraftKings Inc. Stock

Price
Target price
€40.48

€40.48

-0.930%
-0.37
-0.930%
€46.70
 
09.05.24 / 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

DraftKings Inc. shows a slight decrease today, losing -€0.370 (-0.930%) compared to yesterday.
Our community is currently high on DraftKings Inc. with 60 Buy predictions and 5 Sell predictions.
As a result the target price of 46 € shows a slightly positive potential of 13.64% compared to the current price of 40.48 € for DraftKings Inc..
For the coming years our community has positive and negative things to say abot the DraftKings Inc. stock. Criterium "Revenue growth" gathered the most positive votes but regarding "General Risks" there were negative voices in the community.
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. (%) 0.27%
Target price 47.323
Change
Ends at 06.05.25

DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Stifel Nicolaus from $50.00 to $51.00. They now have a "buy" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Stifel Nicolaus 
0
Report Share
06.05.24
Prediction Buy
Perf. (%) 0.27%
Target price 50.107
Change
Ends at 06.05.25

DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Jefferies Financial Group Inc. from $52.00 to $54.00. They now have a "buy" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Jefferies Financial Group Inc. 
0
Report Share
06.05.24
Prediction Buy
Perf. (%) 0.05%
Target price 50.085
Change
Ends at 06.05.25

DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Barclays PLC from $52.00 to $54.00. They now have an "overweight" rating on the stock.
Ratings data for DKNG provided by MarketBeat
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Barclays PLC 
0
Report Share
06.05.24
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News

DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst: https://g.foolcdn.com/editorial/images/776318/cellphone-dialed-in-to-a-live-sports-betting-website.jpg
DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst

Investors weren't overly impressed by DraftKings' (NASDAQ: DKNG) first-quarter earnings report last week, selling off the stock by about 3% Friday even after the sports gambling company reported 53%

TheMotleyFool 
0 08.05.24
DraftKings Stock Analysis: Hold, Sell, or Buy?: https://g.foolcdn.com/editorial/images/775948/concerned-unhappy-person-staring-at-laptop-1.jpg
DraftKings Stock Analysis: Hold, Sell, or Buy?

Fool.com contributor Parkev Tatevosian evaluates DraftKings (NASDAQ: DKNG) stock for long-term investors.

*Stock prices used were the afternoon prices of May 3, 2024. The video was published on May

TheMotleyFool 
0 07.05.24
1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?: https://g.foolcdn.com/editorial/images/775750/streaming-sports.jpg
1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?

Shares of DraftKings (NASDAQ: DKNG) were slightly down following better-than-expected earnings results for the first quarter. The sports betting company's revenue and adjusted operating profit beat

TheMotleyFool 
0 05.05.24