DraftKings Inc. (DKNG)

US — Consumer Cyclical Sector
Peers: CHDN  RSI  LTRY  FLUT  PENN  PLTR  PTON  RBLX  TDOC 

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Key Metrics & Ratings

  • symbol DKNG
  • Rev/Share 10.895
  • Book/Share 2.0334
  • PB 17.2025
  • Debt/Equity 1.8917
  • CurrentRatio 1.3388
  • ROIC -0.1037

 

  • MktCap 17366523084.0
  • FreeCF/Share 1.1253
  • PFCF 31.0809
  • PE -57.0445
  • Debt/Assets 0.4269
  • DivYield 0
  • ROE -0.3068

 

  • 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 Mizuho -- Outperform $58 $54 Oct. 7, 2025
Reiterated DKNG Jefferies -- Buy $54 $51 Oct. 6, 2025
Downgrade DKNG Northland Capital Outperform Under Perform -- $33 Oct. 1, 2025
Reiterated DKNG Citigroup -- Buy $55 $58 July 1, 2025
Initiation DKNG JP Morgan -- Overweight -- $50 June 23, 2025
Initiation DKNG Bernstein -- Outperform -- $46 June 4, 2025
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

News

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.

Read More
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.

Read More
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?
DraftKings earnings miss overlooked as Wall Street focuses on the bigger picture
DKNG
Published: February 14, 2025 by: Proactive Investors
Sentiment: Neutral

Draftkings Inc (NASDAQ:DKNG) shares climbed almost 6% after hours as investors overlooked its near-term issues to focus on the bigger picture. The online sports betting giant reported a loss of 28 cents per share on $1.39 billion in revenue, falling short of analysts' forecasts of a 17-cent loss on $1.4 billion in sales.

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image for news DraftKings earnings miss overlooked as Wall Street focuses on the bigger picture
Markets Post Decent Gains on No-Tariff Thursday; Plus More Earnings
ABNB, DKNG, PANW, ROKU, TWLO, WYNN
Published: February 13, 2025 by: Zacks Investment Research
Sentiment: Neutral

We were supposed to see the start of major tariffs being levied on our global trading partners, but they have yet to be set.

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image for news Markets Post Decent Gains on No-Tariff Thursday; Plus More Earnings
DraftKings (DKNG) Reports Q4 Loss, Misses Revenue Estimates
DKNG
Published: February 13, 2025 by: Zacks Investment Research
Sentiment: Negative

DraftKings (DKNG) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.10 per share a year ago.

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image for news DraftKings (DKNG) Reports Q4 Loss, Misses Revenue Estimates
DraftKings CEO Jason Robins: Lots of great tailwinds going into 2025
DKNG
Published: February 13, 2025 by: CNBC Television
Sentiment: Positive

Jason Robins, DraftKings CEO, joins 'Closing Bell Overtime' ahead of the investor cal to talk quarterly results and what is ahead for the company.

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image for news DraftKings CEO Jason Robins: Lots of great tailwinds going into 2025
DraftKings rallies on upbeat full-year sales outlook, which doesn't include this big event
DKNG
Published: February 13, 2025 by: Market Watch
Sentiment: Positive

Shares of DraftKings Inc. rose after hours Thursday after the sports-betting platform offered a more optimistic sales outlook for this year, as it moves ahead with things like live betting and deepens its push into U.S. states where betting is newly legal.

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image for news DraftKings rallies on upbeat full-year sales outlook, which doesn't include this big event
DraftKings Stock Ready For Another Post-Earnings Pop
DKNG
Published: February 13, 2025 by: Schaeffers Research
Sentiment: Positive

You'd have to look far and wide to find an area of Wall Street not rattled by tariffs or Trump trade.

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image for news DraftKings Stock Ready For Another Post-Earnings Pop
DraftKings Stock Ready For Another Post-Earnings Pop
DKNG
Published: February 12, 2025 by: Schaeffers Research
Sentiment: Positive

You'd have to look far and wide to find an area of Wall Street not rattled by tariffs or Trump trade.

Read More
image for news DraftKings Stock Ready For Another Post-Earnings Pop
DraftKings Gears Up for Q4 Earnings: What's in the Offing?
DKNG
Published: February 11, 2025 by: Zacks Investment Research
Sentiment: Positive

DKNG's fourth-quarter 2024 top line is likely to have been aided by increased new online sportsbook and iGaming customers.

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image for news DraftKings Gears Up for Q4 Earnings: What's in the Offing?

About DraftKings Inc. (DKNG)

  • IPO Date 2019-07-25
  • Website https://www.draftkings.com
  • Industry Gambling, Resorts & Casinos
  • CEO 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.