Risk factor
High price volatility
Profitability factor
Greatly overvalued vs peers
In Guru Portfolios
About
DraftKings Inc. operates as a prominent global digital entity specializing in sports entertainment and gaming. The company provides a comprehensive range of online services, including sports wagering, casino games, daily fantasy sports competitions, and media content, in addition to managing physical sports betting establishments. Furthermore, DraftKings is actively involved in the creation and advancement of software solutions for both internet-based and brick-and-mortar sportsbooks, as well as for various iGaming operators. A key offering is the DraftKings Marketplace, an approachable digital collectibles ecosystem that showcases exclusive NFT releases and supports robust secondary market trading. The corporate headquarters for DraftKings Inc. are located in Boston, Massachusetts.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive
Target Price
The average target price of DKNG is 33.9 and suggests 58.8% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr