DKNG icon

DraftKings

40.58 USD
-0.19
0.47%
At close Jul 7, 4:00 PM EDT
After hours
40.54
-0.04
0.10%
1 day
-0.47%
5 days
-5.96%
1 month
12.10%
3 months
23.42%
6 months
8.62%
Year to date
11.82%
1 year
7.95%
5 years
32.61%
10 years
314.08%
 

About: 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 28 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.

Employees: 5,100

0
Funds holding %
of 7,311 funds
0
Analysts bullish %
of 17 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

67% more call options, than puts

Call options by funds: $1.29B | Put options by funds: $771M

36% more repeat investments, than reductions

Existing positions increased: 309 | Existing positions reduced: 227

22% more first-time investments, than exits

New positions opened: 132 | Existing positions closed: 108

7% more funds holding in top 10

Funds holding in top 10: 14 [Q4 2024] → 15 (+1) [Q1 2025]

0% more funds holding

Funds holding: 797 [Q4 2024] → 799 (+2) [Q1 2025]

0.25% more ownership

Funds ownership: 81.31% [Q4 2024] → 81.56% (+0.25%) [Q1 2025]

8% less capital invested

Capital invested by funds: $14.7B [Q4 2024] → $13.6B (-$1.18B) [Q1 2025]

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$48
18%
upside
Avg. target
$53
32%
upside
High target
$60
48%
upside

17 analyst ratings

17 positive
100%
neutral
0%
negative
0%
Jefferies
David Katz
31%upside
$53
Buy
Maintained
3 Jul 2025
Citigroup
Steven Sheeckutz
43%upside
$58
Buy
Maintained
1 Jul 2025
JP Morgan
Daniel Politzer
23%upside
$50
Overweight
Initiated
23 Jun 2025
JMP Securities
Jordan Bender
23%upside
$50
Market Outperform
Maintained
5 Jun 2025
Morgan Stanley
Stephen Grambling
26%upside
$51
Overweight
Maintained
30 May 2025

Financial journalist opinion

Based on 17 articles about DKNG published over the past 30 days

Positive
Zacks Investment Research
3 days ago
How Strong is DraftKings' Path to Free Cash Flow in 2025?
DKNG eyes $750M in 2025 free cash flow as sportsbook strength and margin expansion drive profitability gains.
How Strong is DraftKings' Path to Free Cash Flow in 2025?
Positive
Seeking Alpha
4 days ago
US Sportsbook Leaders Flutter And DraftKings Post Double-Digit Growth Guidance
Flutter and DraftKings dominate the US sports betting and iGaming markets, holding a combined 66.1% market share and benefiting from economies of scale. The US sports betting market is still far from maturity, with legislative momentum and tax incentives driving further legalization and expansion opportunities. Both companies are well-positioned for growth: DraftKings offers higher upside as it nears profitability, while Flutter boasts a stable international base and superior hold rates.
US Sportsbook Leaders Flutter And DraftKings Post Double-Digit Growth Guidance
Negative
Zacks Investment Research
5 days ago
DraftKings (DKNG) Stock Sinks As Market Gains: Here's Why
DraftKings (DKNG) closed the most recent trading day at $41.32, moving 1.6% from the previous trading session.
DraftKings (DKNG) Stock Sinks As Market Gains: Here's Why
Neutral
GlobeNewsWire
1 week ago
DraftKings Launches “My Budget Builder” to Enhance Its Responsible Gaming Tools and Resources
Players can use this new tool to help them manage their play across DraftKings products, reflecting the ongoing efforts of DraftKings to promote Responsible Gaming Players can use this new tool to help them manage their play across DraftKings products, reflecting the ongoing efforts of DraftKings to promote Responsible Gaming
DraftKings Launches “My Budget Builder” to Enhance Its Responsible Gaming Tools and Resources
Positive
Zacks Investment Research
1 week ago
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
Positive
Zacks Investment Research
1 week ago
These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar
Negative
Zacks Investment Research
1 week ago
DraftKings (DKNG) Stock Slides as Market Rises: Facts to Know Before You Trade
DraftKings (DKNG) closed the most recent trading day at $42.24, moving 1.17% from the previous trading session.
DraftKings (DKNG) Stock Slides as Market Rises: Facts to Know Before You Trade
Negative
CNBC Television
1 week ago
Danny Moses turns bearish on DraftKings
'Fast Money' guest trader Danny Moses talks why he is bearish on gaming and sports betting stocks like DraftKings now.
Danny Moses turns bearish on DraftKings
Neutral
Zacks Investment Research
2 weeks ago
Wall Street Analysts Think DraftKings (DKNG) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Wall Street Analysts Think DraftKings (DKNG) Is a Good Investment: Is It?
Positive
Zacks Investment Research
2 weeks ago
Why the Market Dipped But DraftKings (DKNG) Gained Today
The latest trading day saw DraftKings (DKNG) settling at $40.51, representing a +2.3% change from its previous close.
Why the Market Dipped But DraftKings (DKNG) Gained Today
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