Copyright DraftKings reported a better-than-expected quarter with a loss of 26 cents per share and revenue of $298 million, which is a 320% rise. Famed money manager Cathie Wood, chief executive of Ark Investment Management, pared . 1125 N. Charles St, Baltimore, MD 21201. Meanwhile, costs rose as the pandemic drove higher spending in a number of areas. While gambling predictions from the AGA aren't out just yet, we expect to see similar numbers. The benefits from its expansion strategies remain to be seen. Theres even room for more lines. In addition, I dont think that it matters that much that the estimates I am using relate to 2025. Copyright Despite the pandemic, DraftKings has seen increases in its user numbers and its market share. DKNG stock hardly is cheap: it trades at more than 30x 2020 revenue. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. News on the political front looks positive. Optimistic: $23.03, An downtrend is forecast for this month with an optimal target price of $21.7914. Forward P/E uses projections of future earnings instead of final numbers. He argues that sports bettingcould reach $15 billion in 2025, up from $3 billion in 2020. What Is the Best EV Stock to Buy Now? Thats because valuation isnt based on a metric or two in a given way. In 2020, DraftKings (NASDAQ: DKNG) stock rose a sizzling 335%. Just from what weve seen so far, the 2020 case for DKNG stock looks like it was on point. I believe DKNG stock will certainly reach the all-time high again, but it may take some time. On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. Shares still are below early October highs. What Is the Best EV Stock to Buy Now? Article printed from InvestorPlace Media, https://investorplace.com/2022/01/why-dkng-stock-is-out-of-favor-despite-its-strong-prospects/. The stock had fallen 63% over the past year through Thursday's close. 2023 InvestorPlace Media, LLC. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. When using the forecast data, the investor assumes all financial risks. An analysts DraftKings stock analysis is based on making fundamental and technical studies of the stocks performance. DKNG stock hit all time high earlier in March. In other words, the markets outlook on the stock will roll over to the next 4-to-5-year sales and EBITDA forecasts. On 26 January 2021, DKNG stock closed at $54.06. Its aggressive promotional activities will solidify its market share growth in sports betting. A company with a weak moat has a broken business model. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. At least as far as 2020 goes, the rally made more sense than it might have appeared given the short-term headwinds. On the same day, Needham reiterated its buy, but lowered its price target to $46 from $73. This is massive growth and DraftKings will play a major role here. Pessimistic: $18.16. quotes delayed at least 15 minutes, all others at least 20 minutes. Pessimistic: $17.34. On the date of publication, Vandita Jadejadid not have (either directly or indirectly) any positions in the securities mentioned in this article. The one-month trend of DKNG stock has the share prices remaining in the middle of the volatility range, before rising above the 20-day moving average in the weeks before earnings. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. DKNG made it to the top 20. This year, 25 state legislatures introduced legislation to legalize online sports betting. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. But this result reflected marketing expenses of $228.7 million, or 73.2% of sales. After all, right now the stock has a huge price-to-sales ratio. Over that stretch, the S&P 500 has rallied about 20%. Sign up below to get this incredible offer! On average, analysts forecast that TTCF's EPS will be -$0.39 for 2023 . quotes delayed at least 15 minutes, all others at least 20 minutes. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS . For example, as mentioned analysts expect revenue to reach $1.17 billion this year. Pessimistic: $21.43. DraftKings has reported strong revenues in Q3 2021, but continues to make significant losses. The report alleges that the business has done business in Iran and has been involved in illegal gambling activity. Lorem ipsum dolor sit amet, consectetur adipiscing elit. DKNG DraftKings Inc 110,513 $18.86 $0.06 (0.32%) Today $18.95 0.09 (0.48%) Pre-Market Market Cap $8.49B Volume (M) 1,006.00 52-Wk High $25.01 52-Wk Low $9.77 About Feed Sentiment Fundamentals News There is no chart data available for this period 1d 1w 1m 3m 6m 1y All Sentiment Score Message Volume Score Disclaimer: This is informational only. It cannot rely on rising advertising spending to grow. She believes in buying and holding for long-term gains. Our 3 Top Picks. As a result of strong engagement and cross-selling initiatives, average revenue per MUP (ARPMUP) increased by 38.23%, from $34 to $47. For now, Chanos is right that the excessive valuation will lead to a drop. The median. And yet DKNG stock has faded over the past month. But DKNG shouldnt be cheap. The company has a stronghold on the industry and is making the right moves with partnerships and acquisitions to ensure that it grabs maximum users. A sustained corrective move followed after that. The company still risks losing customers to competitors. The broader pullback in growth stocks is a major reason for the drop. The consensus 12-month DraftKings stock price target is $56.13. DKNG stock was up close to 1% when markets. Note that analysts predictions are often wrong. stock price in 2023, 2024, 2025, 2026, 2027. The stock also ran briefly in 2021 and in 2020, as well. worth $1.56 billion. Financial Statements Analyst Forecast According to 40 analysts, the average rating for DKNG stock is "Buy." Copyright DKNG stock has slipped in the past month without a material change to its bullish narrative. For DraftKings stocks, the 50-day moving average is the support level today. Their mutual passion evolved to build a sports betting company with footprints in eight countries. At its bullish peak, speculators bet that the National Football League (NFL). It launched a variant game of blackjack called Spanish21, which is a unique offering among its peers. Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. Future price predictions and analyst forecasts Winds light and variable.. Tonight Always conduct your own due diligence before investing. Though some of the sales are automated, this will give investors a negative perception of the DKNG stock value. Optimistic: $22.41. That seems like a reasonable number, especially given the companys existing advantages in the marketplace, which are likely to increase. Sign up below to get this incredible offer! Analyst Report: DraftKings Inc DraftKings Inc., based in Boston, is a digital sports entertainment and gaming company that provides users with daily sports, sports betting, and iGaming . 1125 N. Charles St, Baltimore, MD 21201. Nevertheless, DKNG stock is now positive for the year (+16.73%), as it closed at $46.56 on Dec. 31. We forecast DraftKings stock performance using neural networks based on historical data on DraftKings stocks. However, a report from short-seller Hindenburg Research has most recently been a thorn in its side. DraftKings is using aggressive upfront promotions to capture customers that will be profitable over the long haul. A16 ated in 2021 to move the talc Major U.S. stock indexes injury . Copyright 2023 InvestorPlace Media, LLC. On 25 January 2022, Moffett Nathanson slashed its DraftKings stock projection target from $36 to $25, but maintained its neutral rating. Its about the long term. This is when DraftKings will make the right moves to widen its market share and grow revenue. The company distributes its product offerings through a variety of channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. During pandemic-induced global lockdowns, the popularity of online gaming and betting soared. It will also help reduce the losses of DraftKings as Golden Nugget is a solid, revenue-generating company. In Florida, the launch of legalized sports betting stalled. What Is the Best EV Stock to Buy Now? The public float for AUY is 957.57M, and at present, short sellers hold a 0.67% of . And we have a stock thats pulled back substantially from its highs. Get the free SEC Filings - DraftKings Inc. Class A Common Stock (DKNG) Description . 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, DraftKings Stock Should Rise By 34% Based on Revenue Projections. demicshowering cash on hasn't had to lay off workers. Any sort of adjustment to a growth stock such as DKNG higher is bullish for investors over the near term. The company is one of the biggest players in the sports betting industry. The successful prediction of DraftKings' future price could yield a significant profit. DraftKings Has Monstrous Potential in the Future of Sports Betting DKNG stock looks undervalued considering the potential of the company By Vandita Jadeja Nov 1, 2021, 6:00 am EST Online. Forecast target price for 03-06-2023: $18.97. DKNG - Company Profile for DRAFTKINGS INC. - MSN Money Choose a language United States (English) - en United States (espaol) - es +0.05 +0.37% After Hours : 13.89 +0.16 +1.17% July 28, 2022. Lorem ipsum dolor sit amet, consectetur adipiscing elit. That is not normal. High 56F. It has only unlocked a mere fraction of its massive addressable market and will continue growing at a torrid pace. Source: Lori. 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. Online gambling app DraftKings (NASDAQ:DKNG) has certainly had an excellent year. 1 U.S. sportsbook in Apples App Store is a key indicator of how the market has shifted in DraftKings favor. Optimistic: $20.56, An uptrend is forecast for this month with an optimal target price of $19.8683. Milan Vaishnav, CMT, MSTA, a Consulting Technical Analyst at Gemstone Equity Research & Advisory, shared a technical analysis of the DKNG share market: Based on the data compiled by Market Beat, as of 26 January 2022, of 26 analysts, 17 rated DKNG stock a buy, eight suggested a hold and one recommended a sell. DraftKings Inc. (DKNG) Analyst Ratings, Estimates & Forecasts - Yahoo Finance U.S. markets open in 3 hours 9 minutes S&P Futures 3,943.75 -12.75(-.32%) Dow Futures 32,765.00 +72.00(+0.22%). On the date of publication, Mark R. Hake did not hold a position in any security mentioned in this article. By 2025, the sports betting industry is projected to be worth $15 billion. This figure corresponds to the Average Price over the previous 50/200 days. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The short float on DKNG stock is around 10%. The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in DraftKings (DKNG). call +44 20 3097 8888 support@capital.com. DraftKings shares closed 1.94% to $52.46 on Friday. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. DraftKings stock is lower by 10.41 percent over the past month, and the gaming name shed 29.15 percent from its March highs. Jason Robins, co-founder and CEO of DraftKings, commented on the merger: DKNG stock launched at $20.49. According to. Despite the impact of the pandemic which led to short seasons and canceled tournaments, online sports betting has been consistently growing. Buy DKNG stock before third-quarter results. Therefore, assuming 50% margins, EBITDA will reach $1.79 billion by 2025. Pessimistic: $19.26. DraftKings has such a small amount of debt that we'll set it aside and focus on the US$2.6b in cash it held in June 2021. What is the future of DraftKings stock? Conversely, DraftKings may post ongoing losses and a break-even quarter starting next year. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. DraftKings is one of the largest operators of fantasy sports services. The data suggest that this NFL season is bringing a flurry of activity to DraftKings platform much greater than what analysts predicted. DraftKings Stock Forecast: heading to $15. 1125 N. Charles St, Baltimore, MD 21201. For example, in its latest quarter (Q1), DraftKings had an adjusted EBITDA loss of $139.3 million on revenues of $312.7 million. All rights reserved. It has shown volatility since then and is trading much lower at less than $47 today. Box N-4865, Nassau, Bahamas. Her knowledge of words and numbers helps her write clear stock analysis. Leidos's latest twelve months net income to stockholders (cont. Since then, the stock has lost 64.26% in value, reaching $20.33, at the time of writing (27 January 2022). Next, in my model, I assume that the companys profitability will increase to about 50% EBITDA (earnings before interest, taxes, depreciation, and amortization) margins. As the wave of legalization of OSB continues in the country, DraftKings has a shot at stamping its authority on the sector. I estimate DraftKings will have at least $2 billion in cash by 2025 from profitability and further warrant issues. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright Poteau, OK (74953) Today. The story is the same as it was when DKNG was rallying last month and last year. Customers will get a better online sportsbook experience. Optimistic: $21.43, An uptrend is forecast for this month with an optimal target price of $21.0369. quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright 2023 InvestorPlace Media, LLC. 2023 InvestorPlace Media, LLC. Algorithm-based forecasting service Wallet Investor, which usually provides 5-year price targets for stocks, does not offer a DraftKings stock prediction beyond February 2024. Look at software or e-commerce: most of the biggest winners in those sectors had skeptics hollering about valuation all the way up. Considering the potential of the company and the industry to cater to, DKNG stock is well positioned at the current level. On the app store, Oregon Lottery will replace the Scoreboard app with DraftKings Sportsbook. Counted STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10K/A Fill & Sign Online, Print, Email, Fax, or Download . Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. It still has plenty of growth in existing markets as users come on board. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone. Nasdaq Is DKNG a good long term stock? What are analysts' forecasts for DraftKings stock? Losses were -$1.38 billion, -9.53% less than in 2021. Right now, no triggers for any actions.. Considering the potential of the company and the industry to cater to, DKNG stock is well positioned at the current level. The company provides users with daily opportunities for sports, sports betting and iGaming. 1125 N. Charles St, Baltimore, MD 21201. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: DKNG stock looks undervalued considering the potential of the company. Naturally, many of these proposals will not make it past the finish line. DraftKings Inc. stock trend is negative . DraftKings stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. Positive dynamics for DraftKings shares will prevail with possible volatility of 2.566%.Pessimistic target level: 18.95Optimistic target level: 19.45, Forecast target price for 03-08-2023: $19.34. During that time there have been over 4000 blog posts made with over 10,000 charts on the markets and nearly 15 million page . Nasdaq The monthly unique players increased by 281% to 1.1 million and the average revenue per monthly unique player hit $80, which is up 26% year-over-year (YOY). If this momentum continues, its certainly possible DraftKings could post some blowout quarters. Shareholders will need to wait for the Board to review and approve DraftKings gaming license. Additionally, it also launches social media features on its platform, enabling customers to interact and share their bets effectively. The company has already made impressive acquisitions and deals over the past year, and it does not appear ready to slow down anytime soon. The investor bet against Tesla (NASDAQ:TSLA), saying in December 2017 that the stock was worth zero. Moreover, given that estimates for 2021 are for $1.17 billion, this implies a 4-year growth rate of 205.9%. With that in mind, lets dig deeper into the driving forces behind DKNG stock. For example, Seeking Alpha indicates that on average analysts estimate revenue will reach $3.58 billion by 2025. Forecasts shouldn't be used as a substitute for your own research. Copyright 2023 InvestorPlace Media, LLC. A recently updated price target from Loop Capital for DKNG stock of $105 implies upside of approximately 85% from current levels. All rights reserved. The 30 Wall Street analysts offering DRAFTKINGS INC - CL A stock forecast in the last 6 months have average price target of $20.43 with a high forecast of $28.0 and a low forecast of $12.0. { This is massive growth and DraftKings will play a major role here. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Buy or sell stock? Copyright 2023 InvestorPlace Media, LLC. DKNG share price has been in a bear cycle for the past year. That gives it an equity market value of $28.85 billion, or 34.2% ahead of todays price. Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America. Since then, the stock has lost 64.26% in value, reaching $20.33, at the time of writing (27 January 2022). EPS shows how much of the net profit is accounted for by the common share. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It uses the current share price and divides it by the total earnings per share for the last 12 months. "width": "250", Northland adjusted its price target to $45 from $75, but kept its outperform rating, as of 21 January 2022. Copyright 2023 InvestorPlace Media, LLC. With March Madness just days away, keep an eye on gambling stocks. The deal will help increase revenue and attract new users to DraftKings. DKNG Stock Down Despite Impressive Price Target Currently, DKNG trades at roughly $56 per share. The average price predicted for Banco Santander S.A. (SAN) by analysts is $4.82, The public float for SAN is 16.55B, and at present, short sellers hold a 0.05% of that float. DKNG stock emerged in 2020 through a blank check merger and there is no stopping the companys momentum. While the effectiveness of this highly sought-after metric is questionable,. A company will only raise its guidance if it is confident it can match or beat its forecast, and DraftKings looks set to dominate the market. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article. During pandemic-induced global lockdowns, the popularity of online gaming and betting soared. Our 3 Top Picks. And DraftKings long-term opportunity is as good as anyone. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Copyright 2023 InvestorPlace Media, LLC. Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares. Nasdaq On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. For the year ended Dec. 31, 2022, DraftKings reported revenue of $2.2 billion, which represented 69% growth year over year. Importantly, its cash burn was US$425m over the trailing twelve months.. 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. In the first quarter of 2021, DKNG's total net revenues surged 146% year-over-year to $322 million. I am bullish on the stock and believe it has a long way to go. I think the valuation for DKNG stock is always going to be at least 4 to 5 years in the future. The market is getting competitive, and new markets will allow DraftKings to cement its authority and expand its revenue base to new heights. My new valuation is $73 per share, or 34.2% higher than today. If yes, then on this page you will find useful information about the dynamics of the DKNG stock price in 2022-2027. 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. A day after this was announced, the stock lost 0.72%. 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, Why DraftKings Is Out of Favor Despite Its Strong Prospects. For convenience, prices are divided by color. 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. 2023 InvestorPlace Media, LLC. This is because the market assumes that the sports betting market will continue to grow dramatically. That would validate Chanos short position because the stock trades well above its fair value. (NASDAQ: TTCF) Tattooed Chef's current Earnings Per Share (EPS) is -$1.20. "isTransparent": true, It fell 14.10% to an intra-day low of $17.6, closing its first day at $19.35.In the latest DraftKings stock news, on 6 January it became one of the first companies to launch its mobile and online sportsbook in New York. There are possibilities of a technical pullback; however, it is advised to wait before confirmation of a trend reversal is in place. quotes delayed at least 15 minutes, all others at least 20 minutes. quotes delayed at least 15 minutes, all others at least 20 minutes. In fact, there was a double whammy effect. Therefore, look to make at least 34% on DKNG stock as it moves closer to its inherent value of $73 per share. quotes delayed at least 15 minutes, all others at least 20 minutes. Today, DKNG is down more than 5%, despite a rather bullish catalyst for this gambling stock. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone. DraftKings reported a better-than-expected quarter with, Strategic Partnerships That Will Lead Growth. Pessimistic: $19.23. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. All rights reserved. Our 3 Top Picks. When should I record a loss on DraftKings stock? Online gaming company DraftKings (NASDAQ:DKNG) has been the talk of the industry in the past year. The company spent around $1.56bn in acquiring Golden Nugget. That implies that DraftKings market share would be slightly less than a quarter by 2025. DraftKings Inc. operates as a digital sports, entertainment and gaming company in the United States. The difference between trading assets and CFDs. Its average monthly unique payers (MUP) for its B2C segment jumped 44% versus the prior year to 1.5 million, reflecting strong unique payer retention and acquisition across DFS, OSB and iGaming. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for DraftKings shares. Wallet Investor is bearish on DraftKings stock value, restricting our scope to provide DraftKings stock outlook for 2025-2030. However, that changes once the company turns profitable. In 2020, DraftKings (NASDAQ:DKNG) stock rose a sizzling 335%. Her knowledge of words and numbers helps her write clear stock analysis. It continues to innovate and offer new unique features to improve the quality of its service. This win will lift the companys brand awareness and give it an edge over the competition. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. ops) growth is -289.4%.. View Great Panther Mining Limited's Diluted EPS (Cont. Forecst.com predicts future values using technical analysis of a large number of analytical parameters. Positive dynamics for DraftKings shares will prevail with possible volatility of 3.420%.Pessimistic target level: 19.38Optimistic target level: 20.06, Forecast target price for 03-11-2023: $20.15. It continues to push forward in the gaming market, opening up in new markets and offering a more well-rounded experience for its users. Optimistic target level: 21.19. One of the hottest stocks right now,DraftKings(NASDAQ:DKNG), has been an intriguing company to watch. Pessimistic: $18.40. Copyright $14.51 / $14.65. What is TTCF's Earnings Per Share (EPS) forecast for 2023-2024? New state launches will continue playing a major role in sustaining its lofty growth numbers in the future. DKNG U.S.: Nasdaq DraftKings Inc. Watch list Create DKNG Alert Open Last Updated: Jan 24, 2023 at 12:18 p.m. EST Real time quote $ 14.84 0.28 1.92% Previous Close $14.56 Advanced Charting. States need revenue. DraftKings reported revenues of $312 million, representing year-over-year growth of 175%. 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 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. Right now, the stock is oversold, but there are no triggers that would signal a fresh entry. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, Shares of the Boston-based company sank as much as 19% in New York, their biggest drop since March 2020. It represents a massive market for DraftKings to gain entry if it can. 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." Since then, as of June 9, it is now at $54.35. But note that past performance is no guarantee of future results. DKNG Stock USD 18.19 0.85 4.46% DraftKings stock price prediction is an act of determining the future value of DraftKings shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. DraftKings DKNG is set to report third-quarter 2021 results on Nov 5.The Zacks Consensus Estimate for revenues is pegged at $224.9 million, indicating an increase of 69.3% from the year-ago period . Lorem ipsum dolor sit amet, consectetur adipiscing elit. With more states legalizing sports betting, the company has grown significantly. DraftKings told investors on Friday that it expected to reach profitability by one financial measure in late 2023. Positive dynamics for DraftKings shares will prevail with possible volatility of 3.660%.Pessimistic target level: 19.25Optimistic target level: 19.98, Forecast target price for 03-10-2023: $19.72. Dont forget that DraftKings has a solid iGaming business where that is available: it has solid market share in New Jersey, for instance. The average price target represents a 23.04% change from the last price of $18.58. DraftKings and Penn National Gamings (NASDAQ:PENN) Barstool Sports are seeking petition signers to support adding sports betting to the Florida ballot. DraftK ings Inc. headquartered in Boston, Massachusetts. Traders also thought sports betting gaming license wins would be positive catalysts. As the pandemic slowly changes how we engage with sports, DraftKings has a lot to look forward to. Indeed, the fact that DraftKings is gaining market share much faster than its peers is a key catalyst for this price target hike. Arizona came on board last week. This stock market technical analysis blog has been live since October 2009 (over 13 years), providing unbiased stock market technical analysis of the SP-500, Gold and more that ignores the white noise of news and politics.

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