DraftKings Inc. (DKNG)

US — Consumer Cyclical Sector
Peers: LNW  IGT  EVRI  AGS  ACEL  RSI  GMBL  PDYPY  INSE    LTRYW  EBET  NGMS  PDYPF  GAN  PBTHF 

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Key Metrics & Ratings

  • symbol DKNG
  • Rev/Share 10.1389
  • Book/Share 1.7695
  • PB 20.1182
  • Debt/Equity 2.1983
  • CurrentRatio 1.2014
  • ROIC -0.1386

 

  • MktCap 17667781600.0
  • FreeCF/Share 0.7979
  • PFCF 44.8869
  • PE -44.06
  • Debt/Assets 0.4249
  • DivYield 0
  • ROE -0.3744

 

  • Rating D+
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated DKNG BTIG Research -- Buy $64 $52 April 22, 2025
Reiterated DKNG Susquehanna -- Positive $56 $54 Jan. 8, 2025
Reiterated DKNG Mizuho -- Outperform $54 $62 Oct. 18, 2024
Reiterated DKNG Susquehanna -- Positive $48 $50 Oct. 7, 2024
Upgrade DKNG Exane BNP Paribas Underperform Neutral -- $35 Sept. 10, 2024
Reiterated DKNG Susquehanna -- Positive $47 $48 Sept. 4, 2024
Reiterated DKNG UBS -- Buy $56 $58 Sept. 4, 2024

News

Why 25 Analysts Think This Growth Stock Is a Screaming Buy Right Now
DKNG
Published: May 27, 2025 by: 24/7 Wall Street
Sentiment: Positive

There are many different methods investors can utilize to identify the best growth stocks to buy right now.

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image for news Why 25 Analysts Think This Growth Stock Is a Screaming Buy Right Now
DraftKings' March Madness Miss: Wall Street Sees +50% Upside
DKNG
Published: May 23, 2025 by: MarketBeat
Sentiment: Positive

During an earnings season where analysts expected many companies to lower guidance, darling gambling stock DraftKings NASDAQ: DKNG was one that had to do just that. Even as shares are down nearly 34% from their all-time high reached in February as of the May 21 close, DraftKings stock is still up more than 150% over the past three years.

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image for news DraftKings' March Madness Miss: Wall Street Sees +50% Upside
DraftKings: Keep Your Eyes On The Profitability Prize
DKNG
Published: May 20, 2025 by: Seeking Alpha
Sentiment: Positive

DraftKings is nearing profitability, potentially as soon as 2025, driven by improving margins and disciplined cost management. Despite a slightly disappointing Q1, DraftKings is gaining market share and benefiting from the ongoing legalization of online betting. The company's premium valuation is justified by its strong US exposure, high growth outlook, and steady progress toward free cash flow.

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image for news DraftKings: Keep Your Eyes On The Profitability Prize
Is It Worth Investing in DraftKings (DKNG) Based on Wall Street's Bullish Views?
DKNG
Published: May 20, 2025 by: Zacks Investment Research
Sentiment: Positive

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

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image for news Is It Worth Investing in DraftKings (DKNG) Based on Wall Street's Bullish Views?
Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
DKNG
Published: May 12, 2025 by: Zacks Investment Research
Sentiment: Positive

DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

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image for news Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
Investors Look Past DraftKings' Weak March Madness
DKNG
Published: May 09, 2025 by: Bloomberg Technology
Sentiment: Neutral

DraftKings CEO Jason Robins discusses how an unusual March Madness impacted the sports betting company and how it is preparing for the future. Robins speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Technology.

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image for news Investors Look Past DraftKings' Weak March Madness
DraftKings CEO Jason Robins on shutdown of Texas online lottery business
DKNG
Published: May 09, 2025 by: CNBC Television
Sentiment: Neutral

DraftKings CEO Jason Robins said Friday that the shutdown of its online lottery in Texas is disappointing but impacts just a small part of the overall business.

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image for news DraftKings CEO Jason Robins on shutdown of Texas online lottery business
DraftKings Cuts 2025 Outlook, Says Favored Teams Winning Drives Lower Margins
DKNG
Published: May 09, 2025 by: PYMNTS
Sentiment: Negative

It's said the house always wins in gambling. But as sports betting and iGaming statistics and algorithms continually improve, the favorite often wins, too.

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image for news DraftKings Cuts 2025 Outlook, Says Favored Teams Winning Drives Lower Margins
DraftKings CEO: No structural changes need for now to account for volatility in game outcomes
DKNG
Published: May 09, 2025 by: CNBC Television
Sentiment: Positive

CNBC's Contessa Brewer joins DraftKings CEO and co-founder, Jason Robins, to discuss the company's most recent earnings, longterm outlooks for gambling, and more.

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image for news DraftKings CEO: No structural changes need for now to account for volatility in game outcomes
DraftKings (DKNG) Q1 2025 Earnings Call Transcript
DKNG
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Neutral

DraftKings Inc. (NASDAQ:DKNG ) Q1 2025 Earnings Conference Call May 9, 2025 8:30 AM ET Company Participants Jason Robins - Chief Executive Officer Alan Ellingson - Chief Financial Officer Michael DeLalio - Senior Director, Investor Relations Conference Call Participants David Katz - Jefferies Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Robin Farley - UBS Ben Miller - Goldman Sachs Brandt Montour - Barclays Jordan Bender - Citizens Joe Stauff - Susquehanna Robert Fishman - MoffettNathanson Jed Kelly - Oppenheimer Clark Lampen - BTIG Steven Sheeckutz - Citi Barry Jonas - Truist Securities Ben Chaiken - Mizuho …

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image for news DraftKings (DKNG) Q1 2025 Earnings Call Transcript
10 Stocks Reporting Earnings Today With Up To 74% Upside
AFRM, COIN, DKNG, INOD, MARA, NET, RKLB, SOUN, TTD, WOLF
Published: May 08, 2025 by: 24/7 Wall Street
Sentiment: Positive

Earnings season is in full swing with hundreds of stocks scheduled to report results after the closing bell.

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image for news 10 Stocks Reporting Earnings Today With Up To 74% Upside
DraftKings (DKNG) Earnings Expected to Grow: Should You Buy?
DKNG
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Neutral

DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news DraftKings (DKNG) Earnings Expected to Grow: Should You Buy?
DraftKings: I Am Finally Upgrading My Investment Outlook To Bullish, Here's Why
DKNG
Published: April 28, 2025 by: Seeking Alpha
Sentiment: Positive

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.

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image for news DraftKings: I Am Finally Upgrading My Investment Outlook To Bullish, Here's Why
DraftKings guidance in spotlight with Q1 softness already priced in, analysts say
DKNG
Published: April 22, 2025 by: Proactive Investors
Sentiment: Negative

Draftkings Inc (NASDAQ:DKNG) is set to report its first quarter earnings on May 8, with investor focus expected to shift beyond the known March Madness headwinds toward the company's 2025 outlook and its ability to reaccelerate handle growth to reach its revenue guidance. Bank of America analysts have adjusted their expectations downward for the quarter, with EBITDA estimates now at $120 million, revised from $149 million due to a weaker March hold.

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image for news DraftKings guidance in spotlight with Q1 softness already priced in, analysts say
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
DKNG
Published: April 15, 2025 by: Zacks Investment Research
Sentiment: Positive

DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

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image for news DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
DraftKings' Oversold Status Triggers Rich Doubling Upside Potential - Reiterate Buy
DKNG
Published: March 24, 2025 by: Seeking Alpha
Sentiment: Positive

DraftKings' reiterated FY2025 guidance, expanding gaming share, and cheap valuations underscore an excellent Buy rating, significantly aided by the recent correction. Recent earnings highlight excellent user acquisition trends and improved operational scale, leading to its impressive FY2024 revenues, adj EBITDA, and richer Free Cash Flow performance. DKNG's acquisitions and advanced analytical tools also enhance its vertically integrated gaming offerings, supporting its profitable growth trend despite macroeconomic uncertainties.

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image for news DraftKings' Oversold Status Triggers Rich Doubling Upside Potential - Reiterate Buy
Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know
DKNG
Published: March 24, 2025 by: Zacks Investment Research
Sentiment: Positive

DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know
March Madness Sparks Big Moves in 3 Sports Betting Stocks
DKNG, FLUT, HOOD
Published: March 20, 2025 by: Schaeffers Research
Sentiment: Positive

Sports betting stocks are in the spotlight as March Madness drives a surge in wagering activity, with DraftKings Inc (NASDAQ:DKNG), Robinhood Markets Inc (NASDAQ:HOOD), and Flutter Entertainment PLC (NYSE:FLUT) all making notable moves.

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image for news March Madness Sparks Big Moves in 3 Sports Betting Stocks
DraftKings CEO on the March Madness betting surge
DKNG
Published: March 18, 2025 by: CNBC Television
Sentiment: Positive

DraftKings CEO Jason Robins discusses the March Madness betting surge.

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image for news DraftKings CEO on the March Madness betting surge
DraftKings Announces Close of $600 Million Upsized Term Loan B Facility
DKNG
Published: March 04, 2025 by: GlobeNewsWire
Sentiment: Neutral

BOSTON, March 04, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it has successfully closed on its senior secured term loan B credit facility in an aggregate principal amount of $600 million (the “Term Loan B”). The size of the Term Loan B was increased from the previously announced $500 million aggregate principal amount due to strong demand.

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image for news DraftKings Announces Close of $600 Million Upsized Term Loan B Facility
Wall Street Analysts See a 29.12% Upside in DraftKings (DKNG): Can the Stock Really Move This High?
DKNG
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Positive

The mean of analysts' price targets for DraftKings (DKNG) points to a 29.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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image for news Wall Street Analysts See a 29.12% Upside in DraftKings (DKNG): Can the Stock Really Move This High?
Surging Earnings Estimates Signal Upside for DraftKings (DKNG) Stock
DKNG
Published: February 24, 2025 by: Zacks Investment Research
Sentiment: Positive

DraftKings (DKNG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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image for news Surging Earnings Estimates Signal Upside for DraftKings (DKNG) Stock
Are Consumer Discretionary Stocks Lagging DraftKings (DKNG) This Year?
DKNG
Published: February 24, 2025 by: Zacks Investment Research
Sentiment: Negative

Here is how DraftKings (DKNG) and Fox Corporation (FOX) have performed compared to their sector so far this year.

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image for news Are Consumer Discretionary Stocks Lagging DraftKings (DKNG) This Year?
DoorDash and DraftKings still look reasonably priced, says Citi's Drew Pettit
DASH, DKNG
Published: February 19, 2025 by: CNBC Television
Sentiment: Positive

Drew Pettit, Citi Research director of U.S. equity strategy, joins 'The Exchange' to discuss the winning growth stocks in 2025.

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image for news DoorDash and DraftKings still look reasonably priced, says Citi's Drew Pettit
DraftKings Launches $500M Debt Raise. The Stock Is Down.
DKNG
Published: February 18, 2025 by: Barrons
Sentiment: Negative

The online sports betting company is looking to get the money from institutional investors.

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image for news DraftKings Launches $500M Debt Raise. The Stock Is Down.
DraftKings Vs. Flutter: The Game Is Afoot, Super Bowl Boost Brings Top Market Share
DKNG, FLUT
Published: February 18, 2025 by: Seeking Alpha
Sentiment: Positive

DraftKings Inc. has matched FanDuel with 37% sports betting market share after a strong Super Bowl performance, boosting its stock by over 11%. The CEO has raised 2025 guidance, projecting EBITDA between $900 million and $1 billion, indicating strong future growth. With continued momentum, DKNG stock is expected to reach $62 by summer, presenting a compelling investment opportunity.

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image for news DraftKings Vs. Flutter: The Game Is Afoot, Super Bowl Boost Brings Top Market Share
DraftKings 'Well Positioned For Double-Digit Revenue Growth,' Analysts Say
DKNG
Published: February 18, 2025 by: Benzinga
Sentiment: Positive

DraftKings Inc DKNG analysts are weighing in on the company's 2025 guidance and future after fourth-quarter results.

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image for news DraftKings 'Well Positioned For Double-Digit Revenue Growth,' Analysts Say
DraftKings Announces Launch of $500 Million Term Loan B Facility
DKNG
Published: February 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

BOSTON, Feb. 18, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced the launch of syndication for a proposed senior secured term loan B credit facility (the “Term Loan B”) in an aggregate principal amount of $500 million. The consummation of the Term Loan B is subject to market and other conditions.

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image for news DraftKings Announces Launch of $500 Million Term Loan B Facility
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
DKNG
Published: February 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.

Read More
image for news DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
Are Cryptocurrency Payments in the Cards for DraftKings?
DKNG
Published: February 14, 2025 by: PYMNTS
Sentiment: Neutral

At the end of DraftKings' fourth-quarter earnings call Friday (Feb. 14), Co-founder and CEO Jason Robins was asked whether the company would ever accept cryptocurrency payments. “It's certainly something we're looking at,” he told analysts.

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image for news Are Cryptocurrency Payments in the Cards for DraftKings?

About DraftKings Inc. (DKNG)

  • IPO Date 2019-07-25
  • Website https://www.draftkings.com
  • Industry Gambling, Resorts & Casinos
  • CEO Mr. Jason D. Robins
  • Employees 5100

DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.