DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. DraftKings Inc. is headquartered in Boston, Massachusetts.
IPO Year: 2019
Exchange: NASDAQ
Website: draftkings.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/1/2024 | $60.00 → $58.00 | Outperform | Oppenheimer |
5/6/2024 | $58.00 → $60.00 | Buy | Needham |
4/16/2024 | $60.00 | Buy | Goldman |
3/27/2024 | $54.00 → $58.00 | Buy | Needham |
3/26/2024 | $58.00 | Buy | Mizuho |
3/25/2024 | $51.00 → $54.00 | Positive | Susquehanna |
2/28/2024 | $40.00 → $49.00 | Overweight | Morgan Stanley |
2/23/2024 | $41.00 → $50.00 | Equal Weight → Overweight | Barclays |
2/20/2024 | $55.00 → $60.00 | Outperform | Oppenheimer |
2/20/2024 | $50.00 → $54.00 | Buy | Needham |
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4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
Oppenheimer reiterated coverage of DraftKings with a rating of Outperform and set a new price target of $58.00 from $60.00 previously
Needham reiterated coverage of DraftKings with a rating of Buy and set a new price target of $60.00 from $58.00 previously
Goldman initiated coverage of DraftKings with a rating of Buy and set a new price target of $60.00
Needham reiterated coverage of DraftKings with a rating of Buy and set a new price target of $58.00 from $54.00 previously
Mizuho initiated coverage of DraftKings with a rating of Buy and set a new price target of $58.00
Susquehanna reiterated coverage of DraftKings with a rating of Positive and set a new price target of $54.00 from $51.00 previously
Morgan Stanley reiterated coverage of DraftKings with a rating of Overweight and set a new price target of $49.00 from $40.00 previously
Barclays upgraded DraftKings from Equal Weight to Overweight and set a new price target of $50.00 from $41.00 previously
Oppenheimer reiterated coverage of DraftKings with a rating of Outperform and set a new price target of $60.00 from $55.00 previously
Needham reiterated coverage of DraftKings with a rating of Buy and set a new price target of $54.00 from $50.00 previously
In the latest quarter, 24 analysts provided ratings for DraftKings (NASDAQ:DKNG), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 14 9 1 0 0 Last 30D 1 1 0 0 0 1M Ago 2 3 0 0 0 2M Ago 3 2 0 0 0 3M Ago 8 3 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $53.71, a high estimate of $60.00, and a low est
Macquarie analyst Chad Beynon maintains DraftKings (NASDAQ:DKNG) with a Outperform and lowers the price target from $54 to $52.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird boosted the price target for e.l.f. Beauty, Inc. (NYSE:ELF) from $210 to $230. Baird analyst Joel Beatty upgraded the stock from Neutral to Outperform. e.l.f. Beauty shares declined 9.7% to close at $170.70 on Wednesday. See how other analysts view this stock. B of A Securities increased the price target for Synchrony Financial (NYSE:SYF) from $51 to $56. B of A Securities analyst Mihir Bhatia maintained a Neutral rating Synchrony Financial shares gained 1% to close at $52.22 on Wednesday. Se
Truist Securities analyst Barry Jonas maintains DraftKings (NASDAQ:DKNG) with a Buy and lowers the price target from $55 to $53.
The NCAA football season, which begins on Aug. 24, is a highly anticipated event for sports bettors. Here's a look at the betting favorites and the best teams ranked by a new college football video game. What Happened: The 2024-2025 NCAA Football season will be the first to see an expanded 12-team playoff field, which adds to the opportunities for teams and for bettors. ESPN, a unit of The Walt Disney Company (NYSE:DIS), will cover the playoff games. Here are the current betting odds from DraftKings Inc (NASDAQ:DKNG) to win the 2024-2025 NCAA Football Championship. Georgia: +320 Ohio State: +400 Texas: +750 Oregon: +850 Alabama: +1,400 Ole Miss: +1,500 LSU: +1,
High-rolling investors have positioned themselves bullish on DraftKings (NASDAQ:DKNG), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DKNG often signals that someone has privileged information. Today, Benzinga's options scanner spotted 8 options trades for DraftKings. This is not a typical pattern. The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $27,300, and 7 calls, totaling $227,593. Expected Price
https://www.casino.org/news/rush-street-interactive-sale-could-be-imminent-says-report/The long rumored sale of Rush Street Interactive (NYSE:RSI) could materialize in two months or less, according to a recent report.Citing unidentified sources, the Off Shore Gaming Association (OSGA) noted that a deal for the BetRivers owner could be reached as soon as September, but specific suitors were not mentioned. Media reports surfaced in March that the Illinois-based gaming company reached out to multiple rivals about a possible acquisition. DraftKings (NASDAQ:DKNG) was the only member of that group identified by name.While the US sports betting space is now a de facto duopoly controlled by FanDuel
Parlay bets that combine the outcomes of several games or future championships have grown in popularity in the world of sports betting. A parlay that spans across basketball, golf and soccer could soon turn into nearly a million dollars for one bettor. What Happened: England and Spain entered the Euro 2024 Tournament among the favorites to win the trophy and find themselves meeting in the championship game. England, ranked fourth by FIFA, was the co-favorite at odds of +350 to start the tournament with Spain, ranked eighth by FIFA having the fifth-best pre-tournament odds at +800. A bettor is hoping that it is England’s team which lifts the trophy. The parlay placed with Draft
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/12/24 $245.00 $25.0K 21.2K 108.6K JD CALL TRADE BEARISH 12/20/24 $25.00 $11
BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, August 2, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on Sept
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2024 Highlights For the three months ended March 31, 2024, DraftKings reported revenue of $1,175 million, an increase of $405 million, or 53%, compared to $770 million during the same period in 2023. The increase in the Company's first quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cust
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ:DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities. "Responsible gaming is one of our top priorities and it is a core part of our mission to build games that our customers can enjoy responsibly," said Jason Robins, CEO and Co-Founder of DraftKings. "In this leadership role, Lori
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on June 30, 2
BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its fourth quarter and fiscal year 2023 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Fourth Quarter 2023 Highlights For the three months ended December 31, 2023, DraftKings reported revenue of $1,231 million, an increase of $376 million, or 44%, compared to $855 million during the same period in 2022. The increase in the Company's fourth quarter 2023 revenue was driven primarily by continued healthy customer engagement, efficient
BOSTON & NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" and the "Company") today announced that it has reached an agreement to acquire Jackpocket, the leading lottery app* in the United States, for total consideration of approximately $750 million, with approximately 55 percent of the consideration payable in cash funded from the Company's balance sheet with no capital raise required and approximately 45 percent of the consideration payable in the Company's Class A common stock, subject to customary purchase price adjustments and the collar mechanism described below (the "Proposed Transaction"). Jackpocket is the leading provider of digital lottery
BOSTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its fourth quarter and full year 2023 results after the close of market trading on Thursday, February 15, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, February 16, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 1
Boston, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Spring is so close, we can almost taste it. But, every year all eyes are on Gobbler's Knob, Pa., and if the fuzzy meteorologist Punxsutawney Phil, will see his shadow revealing whether we're in for more winter hibernation or an early spring awakening. Taking the weather forecast tradition into their own hands as the Official Beer of Groundhog Day, Samuel Adams is teaming up with DraftKings Inc. (NASDAQ:DKNG) to give drinkers a first-of-its-kind fan prediction pool: "Groundhog Day Prediction Pool Presented by Samuel Adams Cold Snap." Looking to pre-game Phil's big moment? This calls for a Cold Snap. Ahead of Groundhog Day, drinkers can participat
Introduces Fiscal Year 2024 Revenue Guidance of $4.5 Billion to $4.8 Billion and Fiscal Year 2024 Adjusted EBITDA Guidance of $350 Million to $450 Million BOSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its third quarter 2023 financial results. The Company also posted a third quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2023 HighlightsFor the three months ended September 30, 2023, DraftKings reported revenue of $790 million, an increase of $288 million, or 57%, compared to $502 million during the same period in 20
BOSTON, Oct. 13, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its third quarter 2023 results after the close of market trading on Thursday, November 2, 2023. DraftKings will host a conference call and audio webcast the following morning, Friday, November 3, 2023, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on D
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BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, August 2, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on Sept
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2024 Highlights For the three months ended March 31, 2024, DraftKings reported revenue of $1,175 million, an increase of $405 million, or 53%, compared to $770 million during the same period in 2023. The increase in the Company's first quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cust
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on June 30, 2
BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its fourth quarter and fiscal year 2023 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Fourth Quarter 2023 Highlights For the three months ended December 31, 2023, DraftKings reported revenue of $1,231 million, an increase of $376 million, or 44%, compared to $855 million during the same period in 2022. The increase in the Company's fourth quarter 2023 revenue was driven primarily by continued healthy customer engagement, efficient
BOSTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its fourth quarter and full year 2023 results after the close of market trading on Thursday, February 15, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, February 16, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 1
Introduces Fiscal Year 2024 Revenue Guidance of $4.5 Billion to $4.8 Billion and Fiscal Year 2024 Adjusted EBITDA Guidance of $350 Million to $450 Million BOSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its third quarter 2023 financial results. The Company also posted a third quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2023 HighlightsFor the three months ended September 30, 2023, DraftKings reported revenue of $790 million, an increase of $288 million, or 57%, compared to $502 million during the same period in 20
BOSTON, Oct. 13, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its third quarter 2023 results after the close of market trading on Thursday, November 2, 2023. DraftKings will host a conference call and audio webcast the following morning, Friday, November 3, 2023, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on D
BOSTON, Aug. 03, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its second quarter 2023 financial results. The Company also posted a second quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Second Quarter 2023 Highlights For the three months ended June 30, 2023, DraftKings reported revenue of $875 million, an increase of 88% compared to $466 million during the same period in 2022 driven primarily by continued healthy customer retention and engagement, efficient acquisition of new customers, product innovation leading to increased parlay mix and thu
BOSTON, July 14, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its second quarter 2023 results after the close of market trading on Thursday, August 3, 2023. DraftKings will host a conference call and audio webcast the following morning, Friday, August 4, 2023, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on Sept
BOSTON, May 04, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its first quarter 2023 financial results. The Company also posted a first quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2023 Highlights For the three months ended March 31, 2023, DraftKings reported revenue of $770 million, an increase of 84% compared to $417 million during the same period in 2022 driven primarily by efficient acquisition of new customers, product innovation driving higher hold percentage, decreased promotional intensity in more mature states, and cont
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BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ:DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities. "Responsible gaming is one of our top priorities and it is a core part of our mission to build games that our customers can enjoy responsibly," said Jason Robins, CEO and Co-Founder of DraftKings. "In this leadership role, Lori
LOS ANGELES, Aug. 30, 2021 /PRNewswire/ -- Autograph, the company partnering with the world's biggest icons to usher in a new era of digital collecting, announced its appointment of American gymnast, Simone Biles to its Advisory Board, along with her first collection of NFTs dropping on August 31st. The Simone Biles Collection will be available exclusively to view on Autograph.io and for sale on DraftKings Marketplace. One of the greatest athletes of all-time, Biles has expanded her repertoire to collaborate with Autograph to design her own NFTs to interact with her fans in the next era of digital collectibles.
BOSTON, May 07, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today reported first quarter 2021 financial results. First Quarter 2021 Highlights For the three months ended March 31, 2021, DraftKings reported revenue of $312 million, an increase of 253% compared to $89 million during the same period in 2020. After giving pro forma effect to the business combination with SBTech (Global) Limited ("SBTech") and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 175% compared to the three months ended March 31, 2020. "DraftKings is off to an outstanding start in 2021," said Jas
BOSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Today, DraftKings (Nasdaq: DKNG) announced the appointment of baseball legend and entrepreneur Cal Ripken Jr. as a special advisor to the board of directors. Ripken will lend strategic insights to the board of directors and Chief Executive Officer on key company initiatives and will become a DraftKings equity holder. Ripken enjoyed a Hall of Fame Major League Baseball career and is one of only ten players in history with more than 3,000 hits and 400 home runs. He has won a World Series championship, two AL MVP Awards, two AL All-Star Game MVP Awards, two Gold Gloves, made 19 All-Star Game appearances and captured eight Silver Slugger Awards. How