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Why has DraftKings stock fallen?
DraftKings Inc. shares fell their most in almost two years after the company added fewer new customers in the fourth quarter and projected a wider loss this year than Wall Street had expected.Feb 18, 2022
Is DraftKings a good stock to invest in?
DraftKings is in an enviable place in the industry. It has a well-established brand, a growing customer base, dozens of potential U.S. states it can move into, high insider ownership, and a good balance sheet with $2.8 billion in cash and marginal debt on the books.
Is DraftKings overvalued?
The shares don't allow for meaningful voting rights, and there's heavy competition in a limited niche. A discounted cash flow forecast places the intrinsic value of the company's shares at $51 per share. Above that level the company is theoretically overvalued.
How high will DKNG stock go?
Stock Price Forecast
The 26 analysts offering 12-month price forecasts for DraftKings Holdings Inc have a median target of 28.50, with a high estimate of 60.00 and a low estimate of 16.00. The median estimate represents a +153.11% increase from the last price of 11.26.
The 26 analysts offering 12-month price forecasts for DraftKings Holdings Inc have a median target of 28.50, with a high estimate of 60.00 and a low estimate of 16.00. The median estimate represents a +153.11% increase from the last price of 11.26.