Ratings for DraftKings DKNG were provided by 20 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 10 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 8 | 6 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $56.35, a high estimate of $65.00, and a low estimate of $44.00. Marking an increase of 8.37%, the current average surpasses the previous average price target of $52.00.
Breaking Down Analyst Ratings: A Detailed Examination
A clear picture of DraftKings's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jordan Bender | Citizens Capital Markets | Maintains | Market Outperform | $60.00 | $60.00 |
| Mike Hickey | Benchmark | Raises | Buy | $51.00 | $44.00 |
| Stephen Grambling | Morgan Stanley | Raises | Overweight | $53.00 | $49.00 |
| Joseph Greff | JP Morgan | Raises | Overweight | $61.00 | $53.00 |
| Jordan Bender | JMP Securities | Raises | Market Outperform | $60.00 | $50.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $60.00 | $53.00 |
| Matt Farrell | Piper Sandler | Raises | Overweight | $60.00 | $48.00 |
| Brandt Montour | Barclays | Raises | Overweight | $60.00 | $50.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $60.00 | $50.00 |
| Jeffrey Stantial | Stifel | Raises | Buy | $57.00 | $48.00 |
| Bernie McTernan | Needham | Raises | Buy | $65.00 | $60.00 |
| Mike Hickey | Benchmark | Raises | Buy | $51.00 | $44.00 |
| Jordan Bender | JMP Securities | Maintains | Market Outperform | $50.00 | $50.00 |
| Michael Graham | Canaccord Genuity | Raises | Buy | $60.00 | $54.00 |
| Bernie McTernan | Needham | Maintains | Buy | $60.00 | $60.00 |
| Bernie McTernan | Needham | Maintains | Buy | $60.00 | $60.00 |
| Lance Vitanza | TD Cowen | Lowers | Buy | $51.00 | $55.00 |
| Joseph Stauff | Susquehanna | Lowers | Positive | $54.00 | $56.00 |
| Mike Hickey | Benchmark | Maintains | Buy | $44.00 | $44.00 |
| Jordan Bender | JMP Securities | Lowers | Market Outperform | $50.00 | $52.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to DraftKings. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DraftKings compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of DraftKings's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of DraftKings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on DraftKings analyst ratings.
All You Need to Know About DraftKings
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
DraftKings: Delving into Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: DraftKings's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 13.15%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: DraftKings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -9.68%, the company may face hurdles in effective cost management.
Return on Equity (ROE): DraftKings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -12.92%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): DraftKings's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.15%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: DraftKings's debt-to-equity ratio is below the industry average. With a ratio of 1.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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