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Stock Price Prediction

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DKNG
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0.000(0.000%)
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DKNG Price Prediction Next Week

Based on the provided data and current market conditions, here's the analysis for DKNG's price movement for the next trading week:

Technical Analysis

The stock is currently trading at $39.29, showing mixed technical signals. Key technical levels include:

  • Fibonacci resistance levels: R1 at $40.06, R2 at $40.36, R3 at $40.84
  • Fibonacci support levels: S1 at $39.10, S2 at $38.80, S3 at $38.31
  • RSI (14) at 50.04 indicates neutral momentum
  • MACD at -0.30 suggests slight bearish pressure

News Sentiment Analysis Recent significant news events affecting DKNG:

  1. Partnership concerns with Delta Air Lines due to Senator Blumenthal's opposition to in-flight gaming
  2. Launch of new subscription-based service DraftKings Sportsbook+ in New York during NFL playoffs
  3. Recent analyst estimate revisions indicate favorable outlook, maintaining Zacks Rank #3 (Hold)

Price Prediction for Next Week Based on technical indicators and news sentiment:

  • Base case (60% probability): $40.50-41.50

    • Supported by positive momentum from new subscription service launch
    • Technical resistance at $40.84 likely to be tested

  • Bullish case (25% probability): $42.00-43.00

    • If market sentiment remains positive and NFL playoff betting volumes exceed expectations
    • Breaking above $40.84 could trigger further upside

  • Bearish case (15% probability): $38.00-39.00

    • If regulatory concerns around Delta partnership intensify
    • Support at $38.80 should hold

Trading Recommendation BUY with entry point at current levels ($39.29) with:

  • Initial target: $40.84 (Fibonacci R3)
  • Stop loss: $38.31 (Fibonacci S3)
  • Risk/reward ratio: 1:1.85

The positive catalysts from NFL playoffs and new subscription service launch outweigh the regulatory concerns, making current price levels attractive for entry.

Based on the provided data and current market conditions, here's the analysis for DKNG's price movement for the next trading week:

Technical Analysis

The stock is currently trading at $39.29, showing mixed technical signals. Key technical levels include:

  • Fibonacci resistance levels: R1 at $40.06, R2 at $40.36, R3 at $40.84
  • Fibonacci support levels: S1 at $39.10, S2 at $38.80, S3 at $38.31
  • RSI (14) at 50.04 indicates neutral momentum
  • MACD at -0.30 suggests slight bearish pressure

News Sentiment Analysis Recent significant news events affecting DKNG:

  1. Partnership concerns with Delta Air Lines due to Senator Blumenthal's opposition to in-flight gaming
  2. Launch of new subscription-based service DraftKings Sportsbook+ in New York during NFL playoffs
  3. Recent analyst estimate revisions indicate favorable outlook, maintaining Zacks Rank #3 (Hold)

Price Prediction for Next Week Based on technical indicators and news sentiment:

  • Base case (60% probability): $40.50-41.50

    • Supported by positive momentum from new subscription service launch
    • Technical resistance at $40.84 likely to be tested

  • Bullish case (25% probability): $42.00-43.00

    • If market sentiment remains positive and NFL playoff betting volumes exceed expectations
    • Breaking above $40.84 could trigger further upside

  • Bearish case (15% probability): $38.00-39.00

    • If regulatory concerns around Delta partnership intensify
    • Support at $38.80 should hold

Trading Recommendation BUY with entry point at current levels ($39.29) with:

  • Initial target: $40.84 (Fibonacci R3)
  • Stop loss: $38.31 (Fibonacci S3)
  • Risk/reward ratio: 1:1.85

The positive catalysts from NFL playoffs and new subscription service launch outweigh the regulatory concerns, making current price levels attractive for entry.

DKNG Similar Chart Price Prediction

The price of DKNG is predicted to go up 11.3%, based on the high correlation periods with CCJ. The similarity of these two price pattern on the periods is 97.04%.

stocks logo

DKNG

stocks logo

CCJ

Up: 11.3%Similarity: 97.04%

DKNG Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030

Year

DKNG Price Forecast($)

Potential Return(%)

2025

51.000

29.130

2026

55.000

39.260

2027

65.000

64.580

2028

75.000

89.900

2029

75.000

89.900

2030

75.000

89.900

What is DKNG stock price prediction 2025 ?

DKNG stock is predicted to reach $51-$53 by the end of 2025, driven by projected revenue growth of 27%-35% and EBITDA improvements. The company’s expansion into new markets like Missouri and its focus on profitability through reduced customer acquisition costs are key factors. However, risks include regulatory challenges and market competition.

What is DKNG stock price prediction 2026 ?

DKNG's stock price is projected to reach approximately $55 by 2026. This estimate is based on its strong revenue growth trajectory, expected profitability by 2025, and expanding market share in legalized sports betting. However, risks such as regulatory changes and competition could impact this forecast.

What is DKNG stock price prediction 2027 ?

DraftKings (DKNG) stock is projected to reach approximately $65 by 2027, driven by its strong revenue growth, expanding market share, and improving profitability metrics. The company is expected to benefit from the continued legalization of sports betting in new states and its focus on operational efficiency. However, risks such as regulatory changes and competitive pressures could impact this forecast.

What is DKNG stock price prediction 2028 ?

DKNG's stock price in 2028 is projected to reach approximately $75, driven by strong revenue growth, expanding market share in legalized sports betting, and improving profitability metrics. The company's focus on operational efficiency and new market entries is expected to sustain its upward trajectory. However, risks such as regulatory changes and competitive pressures could impact this forecast.

What is DKNG stock price prediction 2029 ?

DKNG's stock price in 2029 is projected to reach approximately $75, driven by sustained revenue growth, profitability improvements, and market expansion into new jurisdictions. The company's focus on enhancing margins and increasing free cash flow, coupled with the growing online gambling market, supports this optimistic outlook. However, regulatory risks and competitive pressures could moderate this growth trajectory.

What is DKNG stock price prediction 2030 ?

DraftKings (DKNG) stock is projected to reach approximately $75 by 2030, driven by its strong market position in online sports betting and expected expansion into new jurisdictions. The company’s revenue is forecasted to grow at a compound annual growth rate (CAGR) of around 30%, supported by increasing legalization of sports betting and improved profitability metrics. However, regulatory risks and competitive pressures could moderate this growth trajectory.

DKNG Revenue Forecast

DKNG EPS Forecast

DKNG FAQs

What is bull‘s view on DKNG?

DraftKings (DKNG) is currently trading at $39.68, with a bullish outlook supported by its strong market position in the rapidly growing U.S. sports betting industry. Analysts like Susquehanna and JMP Securities maintain "Buy" ratings with price targets of $54 and $50, respectively, citing favorable long-term growth prospects despite recent NFL-related revenue challenges. The stock's technical indicators, including an RSI of 51.53 and MACD nearing a bullish crossover, suggest potential upward momentum toward resistance levels near $43.

What is bear's view on DKNG?

DKNG's bearish outlook stems from its current price of $39.65, which is 20% below its 52-week high of $49.57. The NFL season's unfavorable outcomes for sportsbooks have pressured revenue, with DraftKings facing significant payout challenges. Additionally, analysts have lowered Q4 revenue and EBITDA estimates, signaling potential short-term headwinds.

What is DKNG revenue forecast for next quarter？

The market consensus for DKNG's revenue in the upcoming quarter is projected to be approximately $1.449B USD.

DKNG VS S&P500

We see DraftKings' online platform as well positioned to participate in the $40 billion North American sports betting and iGaming revenue opportunity by 2030.

DraftKings' in-house technology platform affords it more control over leveraging customer data and developing and launching products.

DraftKings' financial profile is strong, positioning it to invest further into its online bookmaking platform.

Ask Intellectia about DKNG

DKNG Analyst's Forecast

Joseph Stauff

Susquehanna

Buy

Price Target

$56 → $54

Upside

+40.81%

Susquehanna lowered the firm's price target on DraftKings to $54 from $56 and keeps a Positive rating on the shares. The firm said with a known December being notably unfavorable for the bookmakers, they lowered 4Q24 revenue and EBITDA estimates.
Jordan Bender

JMP Securities

Buy

Price Target

$52 → $50

Upside

+34.23%

Joseph Greff

JP Morgan

Buy

Price Target

$47 → $53

Upside

+32.9%

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