This blog post will analyze DraftKings stock price predictions for 2023 to 2060 based on technical and fundamental analysis of DraftKings stock price history.
Let us discuss the future price forecast of DraftKings stock and its performance analysis for the coming years.
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Financial Overview of DraftKings Stock
| parameters name | value/price |
|---|---|
| Current stock price | 30.71 |
| ticker symbol | DKNG |
| market cap | $14.24B |
| enterprise value | $14.45B |
| Price/Sales (TTM) | 4.64 |
| enterprise value/revenue | 4.81 |
| Price/Book (MRQ) | 13.98 |
| Enterprise Value/EBITDA | -14.03 |
| 52 weeks low/high | $10.69/$34.49 |
| 50/200-day moving average | $29.55/$21.42 |
| 52-week change | 89.03% |
| official website | DraftKings Inc. |
DraftKings Stock Price Forecast from 2023 to 2060
| DKNG stock price forecast Year | minimum stock price | maximum stock price |
|---|---|---|
| 2023 | $31.08 | $38.42 |
| 2024 | $32.79 | $42.26 |
| 2025 | $34.26 | $51.67 |
| 2026 | $60.45 | $76.11 |
| 2027 | $65.00 | $83.72 |
| 2028 | $76.61 | $91.70 |
| 2029 | $82.23 | $103.14 |
| 2030 | $100.03 | $124.54 |
| 2035 | $183.67 | $208.63 |
| 2040 | $248.41 | $289.07 |
| 2045 | $349.65 | $380.40 |
| 2050 | $423.88 | $471.25 |
| 2055 | $510.11 | $552.03 |
| 2060 | $572.05 | $613.87 |
DraftKings Stock Price Prediction 2023
DraftKings stock was listed on the stock exchange on April 24, 2020, with a maximum price of $20.00.
During the initial period of listing, due to high interest from investors, DraftKings stock showed a spectacular surge and reached an all-time high of $71.36 on March 12, 2021.
However, after achieving all-time highs, DraftKings stock price has experienced a steady decline due to slow business growth.
At present the stock is trying to move upwards in the price chart, which can be seen in the quarterly report of the company.
According to our analysis, DraftKings stock could reach a maximum estimated price of $38.42 and a minimum estimated price of $31.08 by the end of 2023.
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2023 | $31.08 | $38.42 |
DraftKings Stock Price Prediction 2024
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2024 | $32.79 | $42.26 |
DraftKings Stock Price Prediction 2025
According to the analysis of industry experts, the expected surge in DraftKings stock price may be seen in the period of 2025.
Additionally, the chances of DraftKings stock price again reaching its all-time high stock price target are also slim.
With an average stock price of $45.31, DraftKings stock can reach a maximum expected price of $51.67 by the end of 2025 with an initial minimum price of $34.26.
If the market experiences a downturn, it may be difficult for DraftKings stock to reach the expected price.
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2025 | $34.26 | $51.67 |
DraftKings Stock Price Prediction 2030
2030 will be a notable year for DraftKing stock investors as its price will again reach a new all-time high.
The main reason behind this is that DraftKings company can count on tremendous growth in revenue but there has been a decline in net profit.
The company has primarily focused on business expenditure keeping long-term growth in mind.
According to our analysis, the DraftKings stock price forecast for 2030 will be $124.54 for the maximum predicted price and $100.03 for the minimum predicted price.
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2030 | $100.03 | $124.54 |
DraftKings Stock Price Prediction 2040
With time the gaming industry is booming, and DraftKings has emerged as the main player in this field.
From a long-term stock investment perspective, DraftKings will prove to be a good investment option due to the bright future of the gaming industry.
Wall Street experts and investors have a positive sentiment about the growth of DraftKings in the times to come.
If we talk about DraftKings stock price prediction for 2040, its stock price will easily trade between $248.41 and $289.07.
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2040 | $248.41 | $289.07 |
DraftKings Stock Price Prediction 2050
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2050 | $423.88 | $471.25 |
DraftKings Stock Price Prediction 2060
| DKNG stock price prediction year | minimum stock price | maximum stock price |
|---|---|---|
| 2060 | $572.05 | $613.87 |
Is DraftKings Stock a Good Investment?
Along with the use of the internet, the trend of online gaming is also increasing.
In the present time, DraftKings has emerged as a reliable and well-established player in the gaming industry.
Analysts in the gaming sector have a positive perception of the growth of DraftKings company in the coming time.
Furthermore, we also expect tremendous growth in the DraftKings gaming segment, which is seen in its future business plans and news reports.
According to our analysis, DraftKings stock proves to be a good investment option in the long term.
FAQ’s
Is DraftKings stock bought or sold?
According to our analysis, DraftKings stock trades at around $30 and is expected to reach a high of $40 by the end of this year. Currently, 70% of experts have predicted buying, while 30% recommend holding this stock to earn more profits in the coming time.
How to Buy DraftKings Stock?
DraftKings stock can be purchased from any brokerage platform in the USA, but you must register on that platform.
What is the forecast for DraftKings stock after five years?
five years later. In 2028, the stock price of DraftKings stock can reach a maximum of $91.70 with a minimum price of $76.61.
Will DraftKings Stock Hit $100?
According to the analysis, in 2030, DraftKings stock will reach the target price of $100. In case of a bullish market trend, there is a high possibility that this target could be achieved by DKNG stock even before 2030.
last words
In this blog post on “DraftKings (DKNG) Stock Price Prediction from 2023 to 2060”, we have explained its expected stock price for each upcoming year.
DraftKings stock has witnessed a remarkable growth of around 40% in the last few years and as per experts opinion, it is expected to reach its estimated value in the coming times.
With time, due to the craze for games among the new generation of people, the gaming industry has expanded in a similar direction and will grow manifold with time.
If you are interested in the gaming segment, DraftKings would be the best choice for the current situation.
The DKNG stock price has seen an increase of more than $10 in the last two months, which certainly attracts investors.
But before investing in the stock market, please do your research or consult with a stock expert for better guidance.
For any other queries related to DFKS Stock Price Prediction, write to us in the comments section.
Thank you!
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