This blog post will analyze the DraftKings Stock Price Forecast for 2023 to 2060 based on a technical and fundamental analysis of the DraftKings stock price history.
Let’s discuss the future price forecast of DraftKings Stock and its performance analysis for the coming years.
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 Week 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 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 Forecast 2023
DraftKings Stock was listed with a maximum price of $20.00 on the stock exchange on April 24, 2020.
During the initial period of listing, Drafkings stock showed a great jump and reached the maximum of $71.36 on March 12, 2021, due to the high interest of investors.
However, after achieving an all-time high, a continuous decline in DraftKings stock price has been reported because of slow business growth.
Currently, this stock is trying to move in the upward direction in the price chart, which can be observed in the company’s quarterly report.
As per our analysis, DraftKings stock may reach the maximum forecasted price of $38.42 with the lowest possible 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 Forecast 2024
| DKNG Stock Price Prediction Year | Minimum Stock Price | Maximum Stock Price |
|---|---|---|
| 2024 | $32.79 | $42.26 |
DraftKings Stock Price Forecast 2025
There is an expected boom that can be seen in the Braftkings stock price in the period of 2025, as per the industry experts’ analysis.
Apart from this, there is less chance to reach again its all-time high stock price target by Draftking stock price.
With an average stock price of $45.31, DraftKings stock may reach the maximum expected price of $51.67 with an early lowest price of $34.26 by the end of 2025.
If the market faces a slowdown, then it becomes difficult to reach the predicted price by DraftKings stock.
| DKNG Stock Price Prediction Year | Minimum Stock Price | Maximum Stock Price |
|---|---|---|
| 2025 | $34.26 | $51.67 |
DraftKings Stock Price Forecast 2030
2030 will be a notable year for the Froaftking stock investors because its price will reach a new all-time high again.
The main reason behind this is that tremendous growth can be calculated in DraftKings company revenue but a decline in net profit.
By keeping long-term progress, the company has mainly focused on business expenditure.
As per our analysis, DraftKings stock price prediction for 2030 will be $124.54 for the maximum forecasted price and $100.03 for the minimum forecasted price.
| DKNG Stock Price Prediction Year | Minimum Stock Price | Maximum Stock Price |
|---|---|---|
| 2030 | $100.03 | $124.54 |
DraftKings Stock Price Forecast 2040
With the time gaming industry booming, Draftking emerged as the main player in this segment.
From a long-term stock investment perspective, DraftKings will prove a good investment choice because of the bright future of the gaming industry.
Wall Street experts and investors have positive sentiments about DraftKings growth in the upcoming time.
If we talk about DraftKings stock price prediction for 2040, then 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 Forecast 2050
| DKNG Stock Price Prediction Year | Minimum Stock Price | Maximum Stock Price |
|---|---|---|
| 2050 | $423.88 | $471.25 |
DraftKings Stock Price Forecast 2060
| DKNG Stock Price Prediction Year | Minimum Stock Price | Maximum Stock Price |
|---|---|---|
| 2060 | $572.05 | $613.87 |
Is DraftKings stock a good investment?
With the use of the internet, the trend of online gaming also increases.
In the current time, DraftKings has emerged as a trusted and well-established player in the gaming industry.
Gaming sector analysts have positive sentiments about DraftKings company growth in the coming time.
Apart from this, we also expect tremendous growth in the DraftKing gaming segment, which is clearly seen in its future business plans and news reports.
As per our analysis, DraftKings stock definitely proves itself as a good investment option in the long term.
FAQ
Is DraftKings stock buy or sell?
As per our analysis, DraftKings stock trades at approximately $30 and is expected to reach a maximum of $40 by the end of this year. Currently, 70% of experts predicted buying, while 30% recommend holding this stock to gain more profit in the coming time.
How to buy DraftKings stock?
DraftKings stock can be bought from any brokerage platform in the USA, but you need to register on that platform.
What is DraftKings stock forecast after five years?
After five years. in 2028, the stock price of DraftKings stock may reach the maximum of $91.70 with the lowest price of $76.61.
Will DraftKings stock hit $100?
As per analysis, in 2030, DraftKings stock definetly hit the targeted price of $100. In case of a bullish market trend, there is a high chance that this target can be achieved early, before 2030, by DRKG stock.
Final Words
In this blog post on “DraftKings (DRKG) stock price prediction from 2023 to 2060,” we have explained its expected stock price for every upcoming year.
DraftKings stock has shown remarkable growth of approximately 40% in the last few years and is expected to reach a predicted value in the coming time, as per experts’ opinions.
With time, the gaming industry expanded in a uniform direction becouse of the game craze in the new generation of people, and this will be multiplied as time passes.
If you are interested in the gaming segment, then DraftKings would be the best choice for the current time situation.
In the last two months, more than $10 growth can be seen in the DRKG stock price, which definetly attracts Investors.
But before investing in the stock market, please do your own research or concert with any stock expert for better guidance.
For any further queries related to DFKS stock price prediction, write us in the comment section.
Thanking You!
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