This year, 25 state legislatures introduced legislation to legalize online sports betting. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. This is a clear sign that DraftKings is attracting users with its unique marketing strategies and its revenue is only trending upward. The company spent around $1.56bn in acquiring Golden Nugget. Opinions on the stock are mixed, with 16 analysts rating it as a "buy," 0 as "overweight," 7 as "hold," and 1 as "sell.". "locale": "en" It is already an official, 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The company has made several acquisitions over the year and is constantly growing its presence across different states. Though some of the sales are automated, this will give investors a negative perception of the DKNG stock value. DraftKings shares closed 1.94% to $52.46 on Friday. 2023 InvestorPlace Media, LLC. 2023 InvestorPlace Media, LLC. That would validate Chanos short position because the stock trades well above its fair value. On average, analysts forecast that TTCF's EPS will be -$0.39 for 2023 . The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Shares of the Boston-based company sank as much as 19% in New York, their biggest drop since March 2020. 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. LSU gymnast Olivia Dunne ended last week on a high note as she helped the Tigers to a victory over Alabama in her first appearance of the season and Tuesday introduced the "newest recruit.". What are analysts' forecasts for DraftKings stock? 1 U.S. sportsbook in Apples App Store is a key indicator of how the market has shifted in DraftKings favor. 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. Dont forget that DraftKings has a solid iGaming business where that is available: it has solid market share in New Jersey, for instance. It will also help reduce the losses of DraftKings as Golden Nugget is a solid, revenue-generating company. When using the forecast data, the investor assumes all financial risks. Ops) Growth trends, charts, and more. 04:03 PM ET 08/06/2021 Online gambling app DraftKings ( DKNG) reported better-than-expected loss and revenue figures, though user growth fell short. Here Are 10 Other Analyst Forecasts For Tuesday Feb. 21, 2023 at. In Florida, the launch of legalized sports betting stalled. DraftKings company info Forecasting 52 Week High: 19.5476 USD 52 Week Low: 0.00000000000101 USD So far in 2021, DKNG has gained another 21% though that includes the recent sell-off from last months highs. Fortunately, DraftKings has a strong brand name that consumers recognize. And now New York, the countrys fourth-most populous state, is launching mobile wagering. With the help of SBTech, DraftKings has been able to vertically integrate its business by owning its own technology platform for its primary product offering of sports entertainment and betting. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. For DraftKings stocks, the 200-day moving average is the support level today. DraftKings is known for strong partnerships in the ever-expanding industry. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. DraftKings stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. Although the recent deal withEntain Plcdid not work out, DraftKings made several partnerships and acquisitions that will work in its favor. ET on Zacks.com DraftKings To Rally Around 38%? Sure, market conditions have been a big reason why LCID stock has fallen from $25 to under $10 . Without it, the firm cannot have the title of a national sports betting, online casino and daily fantasy sports firm. 1125 N. Charles St, Baltimore, MD 21201. 1125 N. Charles St, Baltimore, MD 21201. 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. Traders also thought sports betting gaming license wins would be positive catalysts. DKNG Stock Down Despite Impressive Price Target Currently, DKNG trades at roughly $56 per share. A recently updated price target from Loop Capital for DKNG stock of $105 implies upside of. The median. Therefore, assuming 50% margins, EBITDA will reach $1.79 billion by 2025. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 Retail Stocks to Buy Regardless of Supply Shortages, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Copyright 2023 InvestorPlace Media, LLC. Nasdaq Our 3 Top Picks. The short-term hit from canceled and postponed seasons was more than outweighed by the improved long-term outlook. I estimate DraftKings will have at least $2 billion in cash by 2025 from profitability and further warrant issues. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Will DKNG stock price go up? If yes, then on this page you will find useful information about the dynamics of the DraftKings DKNG Stock 12 Months Forecast $22.86 (23.04% Upside) Based on 21 Wall Street analysts offering 12 month price targets for DraftKings in the last 3 months. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. At its bullish peak, speculators bet that the National Football League (NFL) season start would lift DKNG stock. Draft Kings Annual Report 2021 Form 10K (NASDAQ:DENG) Published: November 5th, 2021PDF generated by stock light. Theres even room for more lines. 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. A company with a weak moat has a broken business model. For investors considering high-growth stocks such as DraftKings, now is apparently not the time to be taking on extra risk. What is TTCF's Earnings Per Share (EPS) forecast for 2023-2024? "width": "250", For example, as mentioned analysts expect revenue to reach $1.17 billion this year. For example, Seeking Alpha indicates that on average analysts estimate revenue will reach $3.58 billion by 2025. On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. Currently, DKNG trades at roughly $56 per share. Positive dynamics for DraftKings shares will prevail with possible volatility of 5.819%.Pessimistic target level: 18.79Optimistic target level: 19.95, Forecast target price for 03-09-2023: $19.66. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The stock is above fair value at current levels. Forward P/E uses projections of future earnings instead of final numbers. 1125 N. Charles St, Baltimore, MD 21201. Great Panther Mining's latest twelve months diluted eps (cont. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. (Next month, 2023, 2024, 2025, 2026 and 2027) 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. Winds light and variable.. Tonight Sign up below to get this incredible offer! These are two of many partnerships the company has formed to increase growth. Optimistic: $20.20, An uptrend is forecast for this month with an optimal target price of $19.695. The weighted average target price per DraftKings share in May 2025 is: 19.84. The deal will help increase revenue and attract new users to DraftKings. An analysts DraftKings stock analysis is based on making fundamental and technical studies of the stocks performance. All rights reserved. call +44 20 3097 8888 support@capital.com. DKNG stock has slipped in the past month without a material change to its bullish narrative. The point is that it was undervalued and likely to rise. The DKNG stock forecast price, according to Market Beat, varies from the low of $23 to the high of $85. Optimistic: $23.78, An uptrend is forecast for this month with an optimal target price of $22.4839. Nasdaq Market capitalization is the total market value of all issued shares of a company. Article printed from InvestorPlace Media, https://investorplace.com/2021/06/dkng-stock-should-rise-by-34-based-on-revenue-projections/. Are you interested in DraftKings Inc. stocks and want to buy them, or are they already in your portfolio? After marking a high of 74, it made a lower high of 64. That came a day after Penn National Gaming (. Accordingly, investors in risk assets appear to be rethinking their positions today. I expect that will change in short order, at which point DKNG will resume its rally. Stock Price Forecast The 3 analysts offering 12-month price forecasts for Tattooed Chef Inc have a median target of 2.00, with a high estimate of 3.00 and a low estimate of 1.50. EBITDA is earnings before interest, income tax and depreciation of assets. And we have a stock thats pulled back substantially from its highs. Counted STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10K/A Fill & Sign Online, Print, Email, Fax, or Download . Article printed from InvestorPlace Media, https://investorplace.com/2021/07/buy-the-dip-in-dkng-stock-for-its-incredible-growth-outlook/. DraftKings will report third-quarter results on Nov 5. While DraftKings still operates at a loss, the company's cash burn is . Despite the impact of the pandemic which led to short seasons and canceled tournaments, online sports betting has been consistently growing. Indeed, this is certainly a big boon for business, should this trend continue. But DKNG shouldnt be cheap. It launched a variant game of blackjack called Spanish21, which is a unique offering among its peers. Major sports have since returned, leading to big-time growth in DraftKings revenue. Next, in my model, I assume that the companys profitability will increase to about 50% EBITDA (earnings before interest, taxes, depreciation, and amortization) margins. Any sort of adjustment to a growth stock such as DKNG higher is bullish for investors over the near term. Just a potential class action/investigation for Hindenburg hit piece Online gaming company DraftKings (NASDAQ:DKNG) has been the talk of the industry in the past year. I think the valuation for DKNG stock is always going to be at least 4 to 5 years in the future. Their mutual passion evolved to build a sports betting company with footprints in eight countries. The report alleges that the business has done business in Iran and has been involved in illegal gambling activity. A key performance indicator is growth in the number of monthly unique payers (MUPs). The stock will go higher in the coming months and this dip is a good chance to enter. Indeed, the fact that DraftKings is gaining market share much faster than its peers is a key catalyst for this price target hike. Optimistic: $22.82, An uptrend is forecast for this month with an optimal target price of $22.6105. As its business attracts customer growth, revenue will rise. Over the past year, it has become difficult to argue the bull case for Lucid Motors (NASDAQ:LCID). Note that analysts predictions are often wrong. Article printed from InvestorPlace Media, https://investorplace.com/2021/08/dkng-stock-is-set-for-growth-with-strong-q2-results-and-partnerships/. The benefits from its expansion strategies remain to be seen. The NFL post-season will have strong betting volumes compared to the regular season. Is DKNG a good long term stock? All rights reserved. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Conversely, DraftKings may post ongoing losses and a break-even quarter starting next year. Indeed, the moves in DKNG stock have been impressive this year. 1125 N. Charles St, Baltimore, MD 21201. Right now, the stock is oversold, but there are no triggers that would signal a fresh entry. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Even though sports betting is legal for DraftKings in limited places, it should lift its results. It has shown volatility since then and is trading much lower at less than $47 today. 1125 N. Charles St, Baltimore, MD 21201. Optimistic: $23.03, An downtrend is forecast for this month with an optimal target price of $21.7914. 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. According to. Nasdaq Lorem ipsum dolor sit amet, consectetur adipiscing elit. Importantly, its cash burn was US$425m over the trailing twelve months.. Is This the Best Way to Invest in the AI Gold Rush? Negative dynamics for DraftKings shares will prevail with possible volatility of 4.145%.Pessimistic target level: 18.42Optimistic target level: 19.22, Forecast target price for 03-07-2023: $19.20. 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. Since then, the stock has lost 64.26% in value, reaching $20.33, at the time of writing (27 January 2022). DKNG stock is down more than 35% from its highs in March. Since then, the stock has lost 64.26% in value, reaching $20.33, at the time of writing (27 January 2022). 2023 - 2027? Opinions on the stock are mixed, with 2 analysts rating it as a "buy," 0 as "overweight," 6 as "hold," and 2 as "sell.". Optimistic: $23.47, An downtrend is forecast for this month with an optimal target price of $20.8086. Pessimistic: $19.59. That is not normal. Moreover, its not as if theres any bad news driving the pullback. DKNG made it to the top 20. The company has already made impressive acquisitions and deals over the past year, and it does not appear ready to slow down anytime soon. quotes delayed at least 15 minutes, all others at least 20 minutes. Investors need not fear Chanos assertions. That includes DraftKings (DKNG), which just caught double bottom support around $18 - and could see higher highs. Here are the top 20 stocks that have the highest upside according to Wall Street analysts. The DraftKings (DKNG) story began when three co-workers bonded over a shared passion for fantasy sports. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. One of the hottest stocks right now,DraftKings(NASDAQ:DKNG), has been an intriguing company to watch. The fair value of DKNG stock is scaring away investors, but this could create opportunities. What is the future of DraftKings stock? Optimistic target level: 21.19. Forecast target price for 03-06-2023: $18.97. My new valuation is $73 per share, or 34.2% higher than today. It represents a massive market for DraftKings to gain entry if it can. It was fourth quarter earnings that helped drive the rally to last months highs, thanks in part to raised guidance for this year. One of the most exciting planned acquisitions is Golden Nugget Online(NASDAQ:GNOG). That gives DKNG stock an enterprise value of $26.85 billion. With this multi-year sports data agreement, DraftKings will get access to a full portfolio of sports data and content, including official NFL data. Theres even room for more lines. Skeptics could point to valuation. With strategic acquisitions and partnerships, DraftKings is putting its money in the right place. DraftKings Stock Forecast: heading to $15. The company distributes its product offerings through a variety of channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. This implies that DKNG stock is now worth about $73 per share, or 34% above todays price. Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2021/04/bigger-market-cheaper-price-make-dkng-stock-buy/. As iGaming picks up steam, so too will DKNG stock. DraftKings is expected to announce Q3 earnings on November 5th, 2021. After all, right now the stock has a huge price-to-sales ratio. "symbol": "NASDAQ:DKNG", I believe DKNG stock will certainly reach the all-time high again, but it may take some time. 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. Meanwhile, costs rose as the pandemic drove higher spending in a number of areas. During pandemic-induced global lockdowns, the popularity of online gaming and betting soared. That is no small feat. While gambling predictions from the AGA aren't out just yet, we expect to see similar numbers. Optimistic: $22.41. All rights reserved. However, the online sportsbook market is in its infancy at this stage. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The company defines MUPs as users who have paid engagement across one or more product offerings. So far, they have performed incredibly well and are on track to ensure that the company becomes a one-stop-shop platform for an online gaming. Change of direction? What You Should Know. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The company made the most of the pandemic and built strong partnerships to build a path for future growth. What Is the Best EV Stock to Buy Now? The irony is that precisely the same case is playing out again. Ticker Symbol DKNG Full Company Profile Financial Performance In 2022, DKNG's revenue was $2.24 billion, an increase of 72.87% compared to the previous year's $1.30 billion. On 26 January 2021, DKNG stock closed at $54.06. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. All rights reserved. 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. 1125 N. Charles St, Baltimore, MD 21201. Article printed from InvestorPlace Media, https://investorplace.com/2021/11/dkng-stock-has-monstrous-potential-in-the-future-of-sports-betting/. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pessimistic: $21.43. We forecast DraftKings stock performance using neural networks based on historical data on DraftKings stocks. Right now, no triggers for any actions.. Buy DKNG stock before third-quarter results. This is when DraftKings will make the right moves to widen its market share and grow revenue. Snapped up 210,644 shares estimated to be worth about $11.05 million in DraftKings Inc (NASDAQ:DKNG) on the dip. Last month I wrote that DraftKings (NASDAQ:DKNG) was worth between $60.61 and $74.59 when DKNG stock was at $44.50 on May 20. Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023. 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. That is the reason why I dont feel right now that is important to discount the future sales and EBITDA to the present. Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price. Moreover, given that estimates for 2021 are for $1.17 billion, this implies a 4-year growth rate of 205.9%. With his next-generation approach to investing, Luke Lango finds better stocks for you to invest in not the same old companies over-hyped on Wall Street. Let's take a look at a DraftKings stock forecast and find out. It indicated that sales for 2021 will be in the range of $1.21 billion to $1.29 billion. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. The stock also ran briefly in 2021 and in 2020, as well. On 5 November, when Q3 2021 results were announced, the stock was trading at $43.62 by 12 November it had fallen to $40.51. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. quotes delayed at least 15 minutes, all others at least 20 minutes. All rights reserved. Jefferies forecasts a 2.8 percent decline for the consumer . Jason Robins, co-founder and CEO of DraftKings, commented on the merger: DKNG stock launched at $20.49. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. After all, major sports shut down last year amid the novel coronavirus pandemic. It has only unlocked a mere fraction of its massive addressable market and will continue growing at a torrid pace. At its bullish peak, speculators bet that the National Football League (NFL). On 5 November 2021, DraftKings released its Q3 2021 financial results. Naturally, many of these proposals will not make it past the finish line. DraftKings (DKNG) (Delayed Data from NSDQ) $18.86 USD +0.06 (0.32%) Updated Feb 28, 2023 04:00 PM ET After-Market: $18.69 -0.17 (-0.90%) 7:58 PM ET Add to portfolio Zacks Rank: 2-Buy 2 Style. As you can see, my estimate of its value reflects a return to its previous highs. Theres even room for more lines. Future price predictions and analyst forecasts On a compounded basis, that works out to 32.2% average annual growth in sales. The data suggest that this NFL season is bringing a flurry of activity to DraftKings platform much greater than what analysts predicted. At its core, my model depends on a report by Morgan Stanley analyst Thomas Allen. DraftKings Inc. stock trend is negative. She believes in buying and holding for long term gains. This massive increase was primarily driven by state launches in Virginia and Michigan. Over that stretch, the S&P 500 has rallied about 20%. Investors are losing patience waiting for DraftKings to win approval for operating sportsbook operations. Northland adjusted its price target to $45 from $75, but kept its outperform rating, as of 21 January 2022. Additionally, Loop Capital believes DraftKings relationship with the NFL could be a massive catalyst. It cannot rely on rising advertising spending to grow. The consensus 12-month DraftKings stock price target is $56.13. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. Pessimistic target level: 18.99. I have my hopes pinned on this partnership which will help expand the company. On the date of publication, Mark R. Hake did not hold a position in any security mentioned in this article. Interestingly, the company has enough cash to expand the market through acquisitions and it is walking on the right path. 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." That forecast, however, was overshadowed by a wider-than-expected projected loss. The material provided on this website is for information purposes only and should not be understood as an investment advice. Its growing its user base swiftly, more than doubling its average monthly unique players for the first quarter. Famed short-seller Jim Chanos disclosed his bet against the companys stock, and Chief Executive Officer Jason Robins questioned his concerns on valuations. This figure corresponds to the Average Price over the previous 50/200 days. This is massive growth and DraftKings will play a major role here. DKNG stock has now risen from a recent closing low on July 16 of $43.79 to $51.98 as of the close on. Nasdaq Trailing P/E depends on what has already been done. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. From Q3 2020 to Q3 2021, MUPs grew by approximately 31.37%. In the first quarter of 2021, DKNG's total net revenues surged 146% year-over-year to $322 million. DKNG stock was up close to 1% when markets. All rights reserved. On Wall Street, analysts have an average price target of $46 per TipRanks. 1125 N. Charles St, Baltimore, MD 21201. The legalization of online betting has transformed the fortunes DKNG stock, and the company expanded its revenue by more than 70%. FAQ. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Famed money manager Cathie Wood, chief executive of Ark Investment Management, pared . News on the political front looks positive. 1125 N. Charles St, Baltimore, MD 21201. 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 it reports results next quarter, investors should look at the companys operating margins closely. The average Tattooed Chef stock price prediction forecasts a potential upside of 437.19% from the current TTCF share price of $1.21. The company is one of the biggest players in the sports betting industry. Copyright 2023 InvestorPlace Media, LLC. Once investors grow more confident that the business is profitable, they will accumulate shares. Our 3 Top Picks. DKNG stock can reach $70 as the company makes all the right moves. Shares of online betting company DraftKings (NASDAQ:DKNG) have pulled back with brick-and-mortar casinos making a comeback and short-sellers targeting DKNG stock. Pessimistic: $18.40. For the year ended Dec. 31, 2022, DraftKings reported revenue of $2.2 billion, which represented 69% growth year over year. Close price at the end of the last trading day (Friday, 17th Feb 2023) of the DKNG stock was $20.54. Copyright And never invest or trade money you cannot afford to lose. Sign up below to get this incredible offer! If the company manages to report higher average revenue per user, it will be a game-changing development. On 26 January 2021, DKNG stock closed at $54.06. Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. The short float on DKNG stock is around 10%. 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. Pessimistic: $17.34. EPS shows how much of the net profit is accounted for by the common share. All rights reserved. According toPRNewswire, the online sports betting industry will go from $9.5 billion in 2020 to $37 billion in 2025. Copyright Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Lets dive into the analyst that just gave DKNG stock a big upgrade today. "isTransparent": true, DraftKings is using aggressive upfront promotions to capture customers that will be profitable over the long haul. DraftKings is now available in 12 states after its blockbuster launch in Virginia and Michigan. Copyright The stock will go higher in the coming months and this dip is a good chance to enter. quotes delayed at least 15 minutes, all others at least 20 minutes. If the company continues to increase the average revenue per monthly unique player, it will gain a strong position in the industry. Yet here in 2021, the market seems to have forgotten that 2020 case. Get the free SEC Filings - DraftKings Inc. Class A Common Stock (DKNG) Description . One of the states that introduced legislation in 2021 in New York, which boasts a population of over 19 million. At one point, the platforms most popular sport was Ukrainian table tennis. A recently updated price target from Loop Capital for DKNG stock of $105 implies upside of approximately 85% from current levels. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according . For now, Chanos is right that the excessive valuation will lead to a drop. DraftKings reported revenues of $312 million, representing year-over-year growth of 175%. We initially share this idea in October 2018 and the stock . DKNG stock returns are also predicted based on historical data. Pessimistic: $19.23. It has a high revenue growth, and the company is putting the money in the right places by partnering with the right players and companies. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for DraftKings shares.