DraftKings Inc. is a digital company that provides online sports book services in the US. Besides, the company develops sports gaming products and software (iGaming) for retail bookmakers.

The company is actively broadening its market presence by forging new strategic partnerships and enhancing its digital platform and the online sports entertainment industry. However, the niche that DraftKings occupies is not only highly profitable but also quite risky, especially given the current geopolitical tensions and market instability.

What is the future of DKNG shares? What potential highs and laws may the price reach? The review presents in-depth DraftKings’s stock price performance forecasts for 2025–2050 by authoritative experts and stock market analysts.

The article covers the following subjects:

Major Takeaways

• The current DKNG price stands at $36.75 as of 30.12.2024.
• The highest DKNG price of $45.8 was reached on 2024-12-05, while the all-time low of $37.32 was set on 2024-11-06.
• Most analysts are upbeat about the prospects of DraftKings Inc. stocks in 2025. Some estimates predict the company’s share price may rise to $37.57–$42.55 by the end of 2025. Optimistic projections suggest a hike to $71.05 during that period. However, there are also pessimistic forecasts that indicate the stock may fall to $20.18.
• The stock will likely maintain an uptrend in 2026. Leading analysts believe that DKNG’s share price will trade in the range of $65.79–$177.83. Some experts anticipate a slide to $56.37, while the more pessimistic ones see the possibility of a drop to $7.76 by the end of the year.
• Experts’ forecasts for 2027–2030 vary. Optimistic estimates suggest the share price to climb to $148.79 by 2030, while some analysts predict a slump to $7.03.
• Although long-term forecasts for 2030–2040 are primarily positive, the extended time frame introduces considerable uncertainties due to various fundamental factors. Nevertheless, experts remain hopeful that the price may hit $416.13 by 2035–2040.

DKNG Real-Time Market Status

The DKNG price is trading at $36.75 as of 30.12.2024.

The following financial metrics of DraftKings Inc. should be analyzed to determine the current status of the DKNG stock in the market:

• Market capitalization reflects DraftKings’ net worth in the market.
• Number of shares outstanding is an indicator that reflects the total amount of a company’s shares in the market.
• Earnings per share (EPS) is the portion of the company’s earnings allocated to each stock.
• The price-to-earnings ratio (P/E) reflects the value of the stock against net income.
• Annual dividends are the portion of profits distributed to the shareholders.
• The payout ratio is the indicator that reflects the percentage of profits distributed as dividends.
• The institutional investors’ share is a value that reflects the percentage of shares outstanding held by large institutions (stock companies, pension funds, and others).
• Short interest shows how many uncovered shares are in circulation.
• Monthly volatility reflects the 30-day change in the asset price.
• Market sentiment reveals the prevailing market mood based on technical indicators.
• The fear & greed index measures market sentiment toward the stock. The 0-24 value indicates extreme fear, the 25-49 reading means fear, the 50 value is neutral, 51 to 75 reflects greed, and 76 to 100 signals extreme greed.
• Average trading volume captures the average daily volume of shares traded over the last 20 trading sessions.

Metric	Value
Market cap	$20.98 billion
Shares outstanding	487.63 million
EPS	-$0.87
P/E	-49.59 (due to the negative EPS)
Dividends	—
Payout ratio	—
Institutional ownership	79.31%
Short interest	4.63%
Monthly volatility	33.26%
Market sentiment	Bullish
Fear & greed index	65 (greed)
Average trading volume	$10.73 million

Analyzing the above indicators is crucial for making informed trading decisions regarding DKNG shares. These indicators provide valuable insights into the company’s current situation, financial health, and ability to navigate shifting market conditions.

DKNG Stock Price Forecast for 2025 Based on Technical Analysis

To predict the DraftKings Inc. stock price for 2025, it is essential to conduct a technical analysis on the D1 and W1 time frames. The MACD, RSI, OBV, MA Cross indicators, and tick volumes can provide valuable insights into current market sentiment. These tools help track trading volumes, identify the buy and sell zones, and determine potential pivot points.

Additionally, analyzing chart and candlestick patterns may provide early signals of price changes, which aids in pinpointing favorable market entry points.

Since early August 2024, the quotes have been trending upward, forming a Bull Flag chart pattern on the daily time frame. An impulse breakout of the pattern’s upper boundary occurred at the end of October, after which the asset continued to advance. Until November 2024, the price hovered near the key resistance level of 44.55. The potential target for the Bull Flag pattern was near 49.50.

Although the price remains above the MA50 and MA200 moving averages, the appearance of a Death Cross pattern on the chart indicates that the current short-term uptrend will probably reverse in the near term. The MACD indicator values are also declining, approaching the zero line, which warns that bull forces are diminishing. The RSI shows a bearish divergence—divergence between the price and the indicator value— signaling a potential downward reversal. The OBV indicator demonstrates negative values, suggesting a decline in trading volume.

The weekly time frame provides contradictory signals. Since the end of December 2022, the quotes have been trading in a major uptrend, creating a large Bull Flag pattern with a potential target near 64.66–71.99.

In early September 2024, the DKNG price broke through the pattern’s upper boundary of 35.21. Since then, the asset has successfully tested this level and continued the uptrend. Moreover, the asset has formed a Golden Cross pattern, signaling a potential uptrend continuation. Besides, Morning Star and Bullish Engulfing patterns within the range of 35.21–39.10 suggest further growth and upward price reversal after a potential correction.

Besides, there is a sharp surge in tick volumes, indicating the rising interest in purchases among market participants. The OBV indicator values are neutral, hovering at average levels without providing clear buy or sell signals. The MACD values are increasing in the positive zone, demonstrating a strengthening bullish momentum. The RSI is horizontal, showing potential for further growth.

The DKNG share price will most likely continue to trade in an uptrend in the next 12–14 months. If the asset consolidates above the key resistance of 44.55, one may open long trades with targets in the 49.50–71.99 area. An alternative scenario suggests that if the quotes settle below the support of 39.10, the price may fall to 35.21–25.64.

The table below shows the forecasted lows and highs of the trading instrument for the next 10 months.

Month	DraftKings, Inc. (#DKNG) Projected Values
	Minimum, $	Maximum, $
January	45.64	50.69
February	44.74	54.48
March	51.42	55.03
April	50.69	56.65
May	56.11	57.91
June	54.48	63.33
July	56.47	64.05
August	50.88	57.37
September	47.27	54.67
October	53.40	60.62

Long-Term Trading Plan for DraftKings Inc. (#DKNG)

DraftKings Inc.’s stock price is rising in an uptrend and may increase further in 2025. The conducted technical analysis helps identify the key support and resistance levels that can be used in the trading strategy.

Trading plan for the year

• Although the price has formed and pierced the Bull Flag pattern, the daily chart provides various signals for downward reversal, including the weakening trend, a Death Cross pattern, bearish divergence, and reduced trading volumes. The asset will likely test the key resistance of 44.55 soon and plunge to 39.10. If bulls manage to keep the price above 39.10, the increase may continue within a global uptrend.
• The weekly chart shows a larger Bull Flag pattern, which started to form at the end of 2022. The asset successfully broke through the pattern in early September 2024 and continued to climb. The formation of the Golden Cross, Bullish Engulfing, and Morning Star patterns, along with the surge in tick volumes and rising MACD and RSI values, confirm the bullish sentiment on DKNG shares in the long term.
• After a downward correction to the 39.10 level, the asset will likely reverse upward in the next 1-2 months. If the asset soars above 44.55, supported by increased volumes, the share price may skyrocket to 49.50–71.99 by the end of 2025.
• An alternative scenario assumes that if the price breaks through the 39.10–35.21 zone, the asset may decline to 32.29–25.64 in the long term.
• The key support levels for the given period are 39.20, 39.10, 35.21, 32.50, 32.29 and 25.64.
• The key resistance levels are 44.55, 49.50, 55.63, 61.42, 64.66 and 71.99.

Analysts’ DKNG Shares Price Projections for 2025

Analysts’ opinions regarding the DKNG stock price performance in 2025 diverge.

Panda Forecast

Price range in 2025: $36.75–$47.66 (as of 23.12.2024).

According to Panda Forecast, in early 2025, the DKNG quotes may reach $42.14 before starting to appreciate. Thus, experts predict an increase to the yearly high of $47.66 by the mid-year. By the end of December, the asset is expected to decline to $37.57. The yearly low of $36.75 is predicted in November.

Month	Minimum, $	Average, $	Maximum, $
January	38.44	41.06	42.14
February	42.74	44.00	45.88
March	41.31	43.46	45.90
April	40.62	42.94	45.49
May	42.09	44.59	47.09
June	42.64	45.18	47.66
July	39.39	43.19	44.66
August	37.72	40.91	43.93
September	37.23	40.24	42.27
October	38.44	39.40	41.43
November	36.75	38.44	41.61
December	37.57	39.75	42.55

LongForecast

Price range in 2025: $33.39–$71.05 (as of 23.12.2024).

Analysts at LongForecast predict that the bullish rally will persist, reaching $47.87 by mid-2025. By the end of the year, the positive trend is expected to continue to $65.79. The lowest value of $33.39 is expected in January and the highest one of $71.05 in December.

Month	Open, $	Min–Max, $	Close, $
January	39.25	33.39–42.21	38.18
February	38.18	38.18–47.42	43.91
March	43.91	37.69–44.25	40.97
April	40.97	40.97–49.05	45.42
May	45.42	43.44–51.00	47.22
June	47.22	44.04–51.70	47.87
July	47.87	45.70–53.64	49.67
August	49.67	46.49–54.57	50.53
September	50.53	48.00–56.34	52.17
October	52.17	51.40–60.34	55.87
November	55.87	55.87–69.39	64.25
December	64.25	60.53–71.05	65.79

WalletInvestor

Price range in 2025: $38.48–$54.01 (as of 23.12.2024).

WalletInvestor predicts a positive outlook for DKNG shares in 2025, with a short-term decrease to $38.48, followed by a recovery to $46.88 in March. By early autumn, the price is expected to climb to $54.01 before dropping to $52.38 by the end of December.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	38.87	42.64	38.48	42.64
February	43.28	45.46	43.28	45.46
March	45.62	46.88	45.62	47.14
April	46.84	42.59	42.59	46.94
May	42.33	44.34	41.30	44.34
June	44.85	45.03	44.85	46.02
July	44.99	46.92	44.92	46.95
August	46.96	50.07	46.96	50.07
September	50.73	53.66	50.73	54.01
October	53.72	49.09	48.98	53.72
November	49.29	52.69	49.29	52.85
December	52.38	50.25	50.17	52.38

CoinCodex

Price range in 2025: $20.18–$54.43 (as of 23.12.2024).

According to CoinCodex, the issuer’s stock price will surge in the first fiscal quarter of 2025 and hit $54.43 by the end of March. Starting from April, the quotes will reverse downward and range from $24.99 to $48.24 during the rest of the year. The strongest slump is expected by the end of December, when the price may reach $20.18.

Month	Minimum, $	Average, $	Maximum, $
January	35.32	40.71	46.49
February	43.73	46.93	52.20
March	45.22	50.16	54.43
April	41.82	44.61	48.24
May	31.75	35.86	42.62
June	36.44	38.80	41.47
July	33.27	36.43	38.95
August	36.71	41.20	46.00
September	36.66	43.06	48.24
October	35.16	36.93	37.98
November	24.99	29.90	35.90
December	20.18	22.00	24.34

Gov Capital

Price range in 2025: $35.98–$60.99 (as of 23.12.2024).

Gov Capital forecasts the asset may hit $43.98 by early 2025. Analysts anticipate a bullish trend in the year’s first half, with a high of $52.57 in June and a December price of $57.30. The highest level of $60.99 is expected in August.

Date	Least possible price, $	Regular price, $	Best possible price, $
01.01.2025	35.98	39.98	43.98
01.02.2025	40.32	44.80	49.28
01.03.2025	41.01	45.57	50.13
01.04.2025	40.82	45.35	49.89
01.05.2025	41.39	45.99	50.58
01.06.2025	42.76	47.51	52.57
01.07.2025	45.70	50.78	55.86
01.08.2025	49.90	55.44	60.99
01.09.2025	48.35	53.73	59.10
01.10.2025	46.66	51.84	57.03
01.11.2025	45.40	50.45	55.49
01.12.2025	46.88	52.09	57.30

Many analysts predict a positive outlook for the DKNG stock in 2025 based on market expectations, DraftKings Inc.’s statements about strengthening the company’s market position, and potential business expansion in the US.

Besides, the company has gained a significant customer base while reducing acquisition costs. The latest report reveals the company’s revenue has skyrocketed to $1.95 billion, marking a 39% increase, despite an adjusted loss of $59 million.

Analysts’ DKNG Shares Price Projections for 2026

Many experts anticipate a bullish trend in 2026.

Panda Forecast

Price range in 2026: $39.85–$56.37 (as of 23.12.2024).

According to Panda Forecast, the average price will reach $43.38 in early 2026. Experts forecast the price may fluctuate between $39.85 and $54.66 in the first half of the year, averaging $51.38 in June. In the second half, the price is projected to edge up, hitting a high of $56.37 in October.

Month	Minimum, $	Average, $	Maximum, $
January	39.85	43.38	44.86
February	41.96	42.95	46.45
March	42.20	45.50	48.71
April	46.64	47.96	49.70
May	50.12	52.12	54.13
June	49.74	51.38	54.66
July	48.65	49.74	51.27
August	48.67	51.38	55.45
September	49.07	52.85	54.94
October	51.43	53.43	56.37
November	49.45	51.96	56.02
December	48.10	52.42	55.25

LongForecast

Price range in 2026: $65.79–$177.83 (as of 23.12.2024).

LongForecast experts predict a bullish momentum for DKNG shares in 2026, starting at $65.79 in January and reaching $98.04 by June. The upward trend is expected to continue, peaking at $177.83 in November and closing the year at $139.96.

Month	Open, $	Min–Max, $	Close, $
January	65.79	65.79–81.71	75.66
February	75.66	70.91–83.25	77.08
March	77.08	71.03–83.39	77.21
April	77.21	72.11–84.65	78.38
May	78.38	78.38–97.35	90.14
June	90.14	90.14–105.88	98.04
July	98.04	97.50–114.46	105.98
August	105.98	105.98–131.63	121.88
September	121.88	118.50–139.10	128.80
October	128.80	128.80–154.63	143.18
November	143.18	143.18–177.83	164.66
December	164.66	128.76–164.66	139.96

WalletInvestor

Price range in 2026: $49.81–$65.13 (as of 23.12.2024).

According to WalletInvestor, the asset may reach $53.63 in early 2026. By mid-year, it may touch the $57.35 level. In the second half of 2026, the trading instrument is expected to fluctuate between $56.21 and $65.13, with a closing price of $61.50 at the end of December.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	50.12	53.63	49.81	53.63
February	54.30	56.69	54.30	56.69
March	56.82	58.20	56.82	58.45
April	58.30	53.88	53.88	58.30
May	53.68	55.39	52.59	55.39
June	55.92	56.36	55.92	57.35
July	56.45	58.22	56.21	58.22
August	58.25	61.73	58.25	61.73
September	61.98	65.13	61.98	65.13
October	64.98	60.35	60.34	64.98
November	60.46	63.80	60.46	64.17
December	63.72	61.50	61.50	63.76

CoinCodex

Price range in 2026: $7.76–$20.71 (as of 23.12.2024).

Experts at CoinCodex project the development of a bearish trend in 2026. At the beginning of the year, the price is expected to tumble to $14.01. Analysts suggest increased pressure from bears in the first half of the year and a slump to the critical level of $7.76. In the second half, the trend may reverse upward. The highest price may slightly recover to $15.46 in August but fall back to $11.17 by the end of the year.

Month	Minimum, $	Average, $	Maximum, $
January	14.01	17.33	20.71
February	13.34	16.26	17.70
March	11.43	13.84	16.71
April	9.97	11.91	14.68
May	7.76	9.77	11.12
June	08.03	9.19	10.22
July	8.24	9.41	10.97
August	11.72	13.39	15.46
September	11.03	12.24	13.97
October	9.36	10.52	12.42
November	8.31	10.54	12.38
December	7.90	9.50	11.17

Analysts predict DKNG’s stock will rise in 2026 as the company expands into new markets and enhances its platform with innovative products. This will allow the company to boost revenue, as well as retain its customer base and attract new users. DraftKings Inc. actively invests in technology, including artificial intelligence and analytical tools.

Nevertheless, some experts predict an intensive decline in the company’s stocks. Their concerns are likely related to heightened geopolitical risks and uncertainty in the policy of central banks, primarily the US Federal Reserve.

Analysts’ DKNG Shares Price Projections for 2027

Global analyst companies offer different forecasts for DKNG’s share price in 2027.

LongForecast

Price range in 2027: $95.42–$149.93 (as of 23.12.2024).

LongForecast estimates the DraftKings stock price will range from $121.49 to $142.61 at the beginning of 2027, likely falling to $117.33 by mid-year. In the second half of the year, the quotes are projected to fluctuate widely from $95.42 to $142.42 and recover to $131.87 by the end of December.

Month	Open, $	Min–Max, $	Close, $
January	139.96	121.49–142.61	132.05
February	132.05	103.26–132.05	112.24
March	112.24	112.24–139.41	129.08
April	129.08	110.80–130.08	120.44
May	120.44	120.44–144.21	133.53
June	133.53	127.71–149.93	138.82
July	138.82	120.64–141.62	131.13
August	131.13	102.54–131.13	111.46
September	111.46	95.42–112.02	103.72
October	103.72	98.51–115.65	107.08
November	107.08	105.50–123.84	114.67
December	114.67	114.67–142.42	131.87

WalletInvestor

Price range in 2027: $61.12–$76.59 (as of 23.12.2024).

According to WalletInvestor, the company’s stocks may reach $64.60 by early 2027. In the first half of the year, the asset will vary from $61.12 to $69.75 within an uptrend, with a closing price of $67.82 at the end of June. By the end of the year, the price will continue climbing, potentially hitting $75.19 by year’s end. The yearly high of $76.59 is expected in September.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	61.44	64.60	61.12	64.60
February	65.31	67.92	65.31	67.92
March	68.04	69.66	68.04	69.75
April	69.55	65.23	65.23	69.55
May	64.61	66.98	63.90	66.98
June	67.19	67.82	67.19	68.69
July	67.70	69.47	67.51	69.47
August	69.52	72.98	69.52	72.98
September	73.37	76.38	73.37	76.59
October	76.30	71.65	71.65	76.30
November	71.66	75.14	71.66	75.46
December	75.19	72.82	72.82	75.19

CoinCodex

Price range in 2027: $8.16–$29.34 (as of 23.12.2024).

CoinCodex predicts the asset’s value will gradually rebound in 2027 after a significant slide in 2026. At the beginning of the year, the average price may trade around $9.88. By mid-year, analysts expect a steady appreciation to $19.74. By December, the price is expected to recover to $29.08.

Month	Minimum, $	Average, $	Maximum, $
January	8.16	9.88	12.14
February	11.74	13.23	15.30
March	12.91	13.54	14.35
April	13.22	14.84	16.55
May	15.89	17.62	18.90
June	18.30	18.98	19.74
July	19.01	22.50	23.72
August	19.68	21.57	24.15
September	20.78	22.45	23.86
October	19.90	21.39	22.96
November	20.50	27.12	29.34
December	26.03	27.19	29.08

Gov Capital

Price range in 2027: $34.32–$64.69 (as of 23.12.2024).

Gov Capital forecasts that the asset will decline in 2027 after a record growth in 2026. The average price will reach $53.54 at the beginning of the year. In early May, the price may reach a high of $64.69 with an average price of $58.81. From June onwards, experts predict an intensive slump, with the price hitting $34.32 in December.

Date	Least possible price, $	Regular price, $	Best possible price, $
01.01.2027	48.19	53.54	58.9
01.02.2027	48.78	54.20	59.62
01.03.2027	50.40	56.00	61.60
01.04.2027	49.88	55.42	60.97
01.05.2027	52.93	58.81	64.69
01.06.2027	48.00	53.33	58.66
01.07.2027	48.05	53.39	58.72
01.08.2027	45.40	50.44	55.49
01.09.2027	40.87	45.41	49.95
01.10.2027	39.39	43.76	48.14
01.11.2027	35.71	39.68	43.64
01.12.2027	34.32	38.13	41.94

Experts provide mixed forecasts for the DKNG performance in 2027. A number of analytical agencies expect the price to continue rising, while others predict a decrease.

DraftKings has experienced steady gains in recent years due to the popularity of its fantasy sports platform. However, like any company operating in a highly volatile industry, it is subject to various external and internal factors. In order to assess the DraftKings Inc. stock growth prospects in 2027, it is essential to analyze market trends, the company’s financial performance, and the broader economic situation.

Analysts’ DKNG Shares Price Projections for 2028

Most experts expect DKNG’s share price to increase in 2028.

LongForecast

Price range in 2028: $108.84–$268.37 (as of 23.12.2024).

Analysts at LongForecast anticipate a positive outlook for the company’s stock in 2028. In January, the asset is expected to range from $109.65 to $131.87. As the first fiscal quarter wraps up, a slight decline is anticipated, with a projected closing price of $126.78 in March. However, by the end of June, the quotes may recover and reach $136.05. The bullish trend is predicted to continue in the latter half of the year, with prices soaring to $248.49 by December’s end. The peak growth is also expected in December, with the highest price projected to hit $268.37.

Month	Open, $	Min–Max, $	Close, $
January	131.87	109.65–131.87	119.19
February	119.19	119.19–148.04	137.07
March	137.07	116.64–137.07	126.78
April	126.78	115.85–135.99	125.92
May	125.92	108.84–127.76	118.30
June	118.30	118.30–146.93	136.05
July	136.05	136.05–159.81	147.97
August	147.97	147.15–172.75	159.95
September	159.95	159.95–198.66	183.94
October	183.94	178.83–209.93	194.38
November	194.38	194.38–233.37	216.08
December	216.08	216.08–268.37	248.49

WalletInvestor

Price range in 2028: $72.39–$87.88 (as of 23.12.2024).

WalletInvestor offers a positive outlook for DraftKings in 2028. At the beginning of the year, the price may reach $76.30. By the middle of the year, the value may increase to $80.01 and hit $86.35 by the end of the year. The yearly high of $87.88 is expected in September.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	72.57	76.30	72.39	76.30
February	76.56	79.33	76.56	79.33
March	79.55	80.86	79.55	81.04
April	80.65	76.80	76.80	80.67
May	76.13	78.59	75.23	78.59
June	78.71	79.02	78.71	80.01
July	78.84	80.78	78.83	80.78
August	80.82	84.54	80.82	84.54
September	84.79	87.70	84.79	87.88
October	87.37	82.96	82.90	87.37
November	83.17	86.45	83.17	86.72
December	86.35	84.20	84.20	86.35

CoinCodex

Price range in 2028: $22.56–$36.84 (as of 23.12.2024).

According to CoinCodex, DKNG is projected to average around $27.34 in early 2028. In the first half of the year, the asset is expected to trade between $24.53 and $36.84, with the average price near $20.09 in June. In August, the highest price of the company’s shares may fall to $27.07 before potentially climbing to $34.46 by December.

Month	Minimum, $	Average, $	Maximum, $
January	24.53	27.34	30.57
February	30.96	32.07	33.54
March	31.28	33.43	36.84
April	30.86	32.83	35.35
May	26.28	31.50	34.45
June	26.58	20.09	32.73
July	25.29	27.98	29.66
August	22.56	24.98	27.07
September	25.75	28.78	31.20
October	27.13	28.27	29.14
November	26.87	30.96	33.23
December	29.53	31.60	34.46

Gov Capital

Price range in 2028: $29.86–$44.00 (as of 23.12.2024).

GovCapital forecasts the average price to trade around $40.00 in early 2028. By mid-year, the asset is expected to decline to $34.58, recovering to $37.26 in the second half of the year. The yearly low of $29.86 and high of $44.00 are projected in July and January, respectively.

Date	Least possible price, $	Regular price, $	Best possible price, $
01.01.2028	36.00	40.00	44.00
01.02.2028	34.19	37.99	41.79
01.03.2028	33.10	36.78	40.46
01.04.2028	31.78	35.32	38.85
01.05.2028	31.31	34.78	38.26
01.06.2028	31.12	34.58	38.04
01.07.2028	29.86	33.17	36.49
01.08.2028	32.75	36.39	40.03
01.09.2028	33.77	37.52	41.27
01.10.2028	34.15	37.94	41.74
01.11.2028	34.15	37.95	41.75
01.12.2028	33.53	37.26	40.99

Many analyst agencies claim that the DKNG stock performance will be mostly positive in 2028. However, predicting the value of DraftKings Inc. securities for 2028 is challenging due to the many factors affecting the sports book market. Nevertheless, experts anticipate that the industry will continue to expand through 2028 as more jurisdictions legalize sports wagering.

DraftKings Inc., being a prominent player in the entertainment industry, may benefit from this tendency if it manages to stay competitive and adjust to the evolving landscape.

Analysts’ DKNG Shares Price Projections for 2029

Analysts’ opinions on the DKNG stock price in 2029 diverge.

WalletInvestor

Price range in 2029: $83.69–$99.22 (as of 23.12.2024).

According to WalletInvestor, DraftKings Inc. stocks will continue to increase, starting near $83.95 in early 2029. By mid-year, prices may peak at $91.31 and reach $97.40 by the end of December.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	83.95	87.94	83.69	87.94
February	88.12	90.76	88.12	90.76
March	90.76	92.21	90.76	92.34
April	92.03	87.67	87.67	92.06
May	87.49	89.77	86.58	89.77
June	89.97	90.39	89.97	91.31
July	90.18	92.08	90.16	92.08
August	92.26	95.79	92.22	75.79
September	96.44	99.08	96.44	99.22
October	98.80	94.39	94.19	98.80
November	94.39	97.78	94.39	98.00
December	97.40	96.34	96.34	97.40

CoinCodex

Price range in 2029: $17.49–$46.31 (as of 23.12.2024).

CoinCodex predicts an average price of $35.39 in early 2029, with the highest level of $46.31 in Q1. By the end of June, the price is expected to drop to $35.40. In the second half of the year, bearish momentum may intensify, and the asset may set a swing low of $17.49 in December.

Month	Minimum, $	Average, $	Maximum, $
January	32.27	35.39	41.01
February	37.30	39.85	44.43
March	38.80	42.87	46.31
April	35.70	37.72	40.52
May	27.23	30.47	34.39
June	31.17	33.18	35.40
July	28.50	31.06	32.65
August	32.85	35.67	39.34
September	31.36	36.25	41.10
October	30.09	31.49	32.47
November	19.84	24.96	29.96
December	17.49	18.86	20.98

Gov Capital

Price range in 2029: $32.13–$58.42 (as of 23.12.2024).

Gov Capital estimates that the average price of DKNG will trade around $38.39 in early 2029. By mid-year, the asset may increase to $48.52 and reach $58.42 in the second half.

Date	Least possible price, $	Regular price, $	Best possible price, $
01.01.2029	34.55	38.39	42.23
01.02.2029	35.00	38.89	42.78
01.03.2029	32.13	35.7	39.27
01.04.2029	37.18	41.31	45.44
01.05.2029	39.43	43.81	48.19
01.06.2029	39.69	44.10	48.52
01.07.2029	40.33	44.82	49.30
01.08.2029	42.04	46.71	51.38
01.09.2029	40.65	45.17	49.68
01.10.2029	41.68	46.31	50.94
01.11.2029	43.64	48.49	53.34
01.12.2029	47.80	53.11	58.42

StockScan

Price range in 2029: $73.84–$183.62 (as of 23.12.2024).

According to StockScan, DKNG shares will maintain a positive trend in the first half of 2029, with an average price reaching $152.97 in January. The uptrend will probably persist until August, when the average price may hit $181.62, setting a high near $183.62. In September, the uptrend may reverse, and the price may fall to $82.02 by the end of December.

Month	Minimum, $	Average, $	Maximum, $
January	150.16	152.97	154.87
February	150.17	152.43	154.80
March	151.87	164.99	165.42
April	162.25	163.12	166.74
May	160.86	167.24	167.77
June	167.41	174.48	175.14
July	171.90	176.10	177.08
August	173.87	181.62	183.62
September	174.57	177.46	182.23
October	73.84	76.02	179.26
November	76.76	79.07	79.07
December	79.80	82.02	82.02

Forecasts regarding the DKNG price movement in 2029 are mixed. Given the current market trends and the strategic position of DraftKings Inc., some preliminary assumptions can be made.

Firstly, one should take into account the growing interest in online sports predictions, which is the core of DraftKings’ business. Legislative changes in various US countries and states may contribute to further market expansion, allowing the company to increase its customer base and boost its profits.

Secondly, an emphasis on sustainability and socially responsible business practices is becoming vital for investors. DraftKings might prioritize the implementation of more responsible measures, which would enhance its reputation and make it more appealing to institutional investors.

Nevertheless, potential risks such as regulatory changes, economic uncertainty, and competitive pressure cannot be ruled out. These factors may influence the share price in the short and long term.

Analysts’ DKNG Shares Price Projections for 2030

Although numerous experts predict a positive outlook for DraftKings stock by 2030, there are some dissenting opinions.

CoinCodex

Price range in 2030: $7.03–$17.42 (as of 23.12.2024).

Experts at CoinCodex provide a negative outlook for the company in 2030. The average price is expected to reach 14.84 at the beginning of the year. By mid-year, the share price may slump to 10.69. Specialists assume that the price may recover to 13.51 by August. However, the asset will decline again and hit the 9.90 level by the end of December.

Month	Minimum, $	Average, $	Maximum, $
January	12.29	14.84	17.42
February	11.72	14.21	15.40
March	10.12	12.04	13.69
April	8.89	10.32	12.85
May	7.03	8.67	9.85
June	7.26	8.16	9.10
July	7.43	8.59	10.69
August	10.12	11.74	13.51
September	9.78	10.79	12.26
October	8.38	9.41	10.95
November	7.49	9.30	10.43
December	7.14	8.32	9.90

Coin Price Forecast

Price range in 2030: $42.79–$89.91 (as of 23.12.2024).

Coin Price Forecast predicts DKNG may reach $42.79 by early 2030, rising to $87.85 by mid-year and $89.91 by year’s end.

Year	Mid-Year, $	Year-End, $
2030	87.85	89.91

StockScan

Price range in 2030: $82.80–$148.79 (as of 23.12.2024).

Experts at StockScan predict a bullish momentum for the issuer’s shares in 2030. At the beginning of the year, the average price may trade around $85.95. By mid-year, the quotes may reach $110.16. In the second half of 2030, the bullish trend will likely strengthen, and the price will hit a high of $148.79 by the end of December.

Month	Minimum, $	Average, $	Maximum, $
January	82.80	85.95	86.02
February	86.69	88.87	88.92
March	89.61	91.95	92.09
April	93.12	97.13	97.37
May	97.03	105.77	107.13
June	102.00	103.85	110.16
July	103.04	109.60	110.59
August	109.43	118.17	119.81
September	118.74	140.71	140.88
October	135.53	137.97	147.72
November	134.46	145.21	146.50
December	140.39	145.77	148.79

Most analysts believe DKNG stocks will continue to appreciate in 2030, fueled by expansion into new regions and markets. However, changes in consumer preferences or competitors’ innovative technologies may pose challenges for DraftKings.

Analysts’ DKNG Shares Price Projections until 2050

Many experts are upbeat about the long-term prospects of DKNG shares. Notably, the long-term forecasts involve certain risks and may change significantly as the price is influenced by various fundamental factors. Although the projections are approximate, it is crucial to consider them when analyzing the price performance to make strategic trading decisions.

Coin Price Forecast

According to the Coin Price Forecast‘s long-term predictions, the company’s share price may surge to $102.30 by the end of 2033. The price is projected to reach $112.66 by the end of 2035 and $118.67 by 2036.

CoinCodex

CoinCodex, in contrast, offers a downbeat forecast regarding the long-term performance of DKNG shares. By 2040, the price is expected to trade in the channel between $14.35 and $23.21, with an average annual price of $18.99. By 2050, the average price is anticipated to fall to $4.79.

StockScan

StockScan assumes the DraftKings stock will maintain a steady uptrend in the long term, soaring to $317.68 in 2035. From 2041 to 2050, the asset may jump to $568.81.

Year	Coin Price Forecast, $	CoinCodex, $	StockScan, $
2035	112.66	–	317.68
2040	–	18.99	416.13
2045	–	–	491.10
2050	–	4.79	568.81

Overall, experts foresee long-term growth for DraftKings shares. Analysts suggest the company will expand internationally, particularly in Asia and Europe, by offering localized services and a wider product range. This expansion may boost stock prices if DraftKings successfully adapts to new markets and meets regulatory requirements.

Market Sentiment for DKNG (DraftKings) on Social Media

Media sentiment gauges social media users’ attitudes towards a company, product, or service. It is shaped by articles, news, statements in social networks, and other media sources. Media sentiment can significantly influence investors’ opinions and, as a result, the performance of the company’s shares.

Media sentiment plays a particularly important role for DraftKings, one of the leading sports book and fantasy sports platforms. As DraftKings operates in a fast-paced and often controversial sector, news reports and articles can greatly impact the company’s reputation and financial performance.

According to the fear & greed index, the market is in the fear phase, standing at 34 as of 23 December 2024, indicating a bearish sentiment among traders.

GoogleTrends report shows that interest in DraftKings remains strong in the News Search and YouTube Search sections. However, the Web Search section shows a value of 17, reflecting relatively lower search activity through general search engines.

According to Bloomberg, in early November, DraftKings CEO shared the company’s plans to explore alternative services beyond sports. He also highlighted that such methods would be possible only if they were regulated at the legislative level.

User @Minipip_UK points to an upward trajectory after a positive earnings report. According to the chart, the independent expert believes that DKNG shares will continue to trade in a bullish trend in the near future.

User @philthy691 notices a 26% increase in the company’s cash flow, pointing to the legalization of DraftKings in 25 states and the District of Columbia. As a platform user, @philthy691 believes that the company is providing a good product by expanding its services in the market. The independent expert already owns several securities of the company and plans to buy them in 2025, hoping for price growth.

These statements on the X social network show optimistic sentiment among private investors and stock traders regarding DKNG shares.

DKNG Price History

The highest DKNG price of $45.8 was recorded on 2024-12-05. The lowest price of $37.32 was set on 2024-11-06.

The chart below shows the #DKNG performance over the last ten years. It is essential to evaluate historical data to make the forecasts as accurate as possible.

Once the company went public in 2020, DKNG’s share price increased by a record 400% to $51.80 by the end of December that year. The COVID-19 pandemic significantly reshaped the entertainment landscape, contributing to this remarkable growth. With the closure of sports arenas and physical venues, many users have turned their attention to online platforms. DraftKings, as one of the leading fantasy sports companies, has gained a significant advantage by bringing attention to its online services, fueling a wave of interest from the market.

In early 2021, DraftKings saw a strong upward trend, with its stock climbing to 74.38 by mid-March. The booming online sports gaming market in the US has significantly boosted DraftKings’ stock performance. As more states have legalized sports forecasting, DraftKings has actively expanded its presence in these markets. This growth has opened up new revenue opportunities for the company and solidified its position as a leading player in the industry. As a result, investors have recognized DraftKings as a company with remarkable growth potential, bolstering the value of its stocks.

In April 2021, the price started to decline, and this bearish trend continued until May 2022. During this period, the company’s shares lost more than 86% in value, dropping to a record low of $9.76, significantly down from the IPO price of $11.50.

The primary reason for the slump was the increased competition within the online sports gaming sector. The emergence of new market players and marketing tactics employed by existing competitors forced DraftKings to revise its strategy, which affected the company’s profit and overall market position.

Furthermore, the spike in the number of users during the lockdown period was soon followed by a decrease in client activity as restrictions began to ease.

Besides, macroeconomic factors are crucial. Financial market volatility and the US Fed’s key interest rate hike amid record inflation also contributed to DKNG’s price decline. A tighter monetary policy has made it more difficult for businesses to access affordable credit, impacting DraftKings as it continues to pursue its aggressive expansion strategy.

From June 2022 until early 2023, the share price fluctuated in a wide range of $9.76–$21.44 without significant volatility. In 2023, the price started to grow due to the following reasons:

• sports predictions legalization in several key US states;
• active product range innovation and expansion, including new types of bets and interactive features on the platform;
• the new strategic partnerships DraftKings has established with major sports leagues and organisations.

Since early 2024, the bullish momentum on DKNG stocks has strengthened, with the price reaching $48.97 at the end of March. This growth is buoyed by the conclusion of new partnership agreements and the expansion of a loyal user base.

Since April 2024, the stock has traded in a wide range of $29.20–$48.97, currently settling around $38.57. A significant factor driving this increase is the company’s expansion into European and Asian markets. By forming strategic partnerships with European bookmakers and Asian companies, DraftKings has tapped into new revenue streams and bolstered its reputation as a key player in the global market.

DKNG Fundamental Analysis

Studying the key factors that influence DraftKings’ stock price is an important aspect of making effective trading decisions.

What Factors Affect the DKNG Price?

The DraftKings (DKNG) stock price is determined by a variety of economic and industry factors:

• The company’s financial performance, such as revenue, profit, and losses, significantly influences its share price. The company’s ability to generate sustainable revenue is valuable to investors, especially in an increasingly competitive online sports gaming market.
• Regulatory changes. Legalization of sports predictions in new US states may lead to an increase in the customer base and revenue growth. Conversely, tighter legislation may negatively impact business and share prices.
• The general economic environment, including the population unemployment rate. Consumers tend to spend more money on sports gaming services during economic growth, positively affecting companies’ profits.
• Competitors’ actions and overall industry trends also affect DKNG’s share price. The appearance of new competitors can change the market, creating new challenges and opportunities for existing players.
• Global market trends and economic conditions, including interest rates, inflation, and consumer sentiment.

More Facts About DKNG

DraftKings Inc. is a prominent sports book company founded in 2012. The company is headquartered in Boston, Massachusetts.

DraftKings began as a fantasy sports service and quickly expanded its offerings to include online sports predictions. Its user-friendly interface and diverse services helped it capture significant market share and attract millions of users.

DraftKings stands out for its ability to adapt to changing laws. As sports prediction services become legalized across the US, the company is expanding into new states, ensuring safe and legal platforms for customers. Partnerships with leading sports leagues and teams enhance user trust, while ongoing investments in technology and innovation keep DraftKings competitive in a rapidly evolving market.

The company’s platform provides various services and advanced analytical tools, making it attractive to both beginners and experienced players.

Advantages and Disadvantages of Investing in DKNG

Investing in DraftKings Inc. stocks is an interesting option for those aiming to diversify their investment portfolio and enter the promising sports book industry.

Advantages

• Investing in DraftKings offers a significant advantage due to the swift expansion of the sports book market, particularly in the US, where numerous states are increasingly legalizing this activity. The online wagering sector is expected to soar to $140 billion by 2028, creating new opportunities for the company to grow its customer base and boost revenue. This growth could also lead to a steady increase in its stock price over the long term.
• DraftKings distinguishes itself with its innovative approach to technology and marketing. The company actively utilizes modern digital platforms and marketing strategies to attract and retain customers. This allows it to remain competitive and to take a leading position in the industry.
• The company is constantly improving its product and expanding its functionality by introducing various interactive elements and user customizations, which makes the platform more attractive to customers.

Disadvantages

• The online sports predicting market is highly competitive, and a company’s success is not guaranteed. Major players in the industry may offer similar services or even better conditions for users.
• Legislative and regulatory changes may significantly affect DraftKings’ operations. Despite the legalization of sports predictions in some states, the process is still unfolding, and any negative changes in the legislative landscape may create obstacles for the company.
• DraftKings stocks can exhibit significant volatility, particularly in times of economic instability or changes in investor sentiment.

How We Make Forecasts

The following elements are crucial for making short- and long-term forecasts on various trading instruments, including DKNG shares:

1. Fundamental analysis covering the following aspects:

• evaluation of forecasts from leading analyst agencies;
• assessment of the company’s financial condition, such as market capitalization, revenues and expenses, earnings per share, business profitability, return on investment, and other indicators;
• analyzing the news background around the company;
• examining geopolitical and macroeconomic risks that could affect the stock price.

2. Analyzing market sentiment and users’ attitudes on social media.

3. Technical analysis of the asset. A more effective and conservative research model includes a combination of candlestick and chart patterns and indicator analysis. It allows you to determine favorable points for entering trades with minimal risks and determine possible profit targets in advance.

Conclusion: Is DKNG a Good Investment?

The fundamental analysis of DraftKings is of particular importance for long-term investors. One of the crucial aspects is the company’s financial stability, effective growth strategy, and expansion into new markets. Thanks to its innovative solutions and successful customer acquisition strategy, DraftKings has captured a significant market share of 33%.

Investors prioritizing the company’s growth potential may consider it a promising investment, especially if the company continues to develop and strengthen its position in key jurisdictions.

At the same time, investing in DraftKings carries risks tied to regulatory changes and regulatory challenges. As regulations differ worldwide, the company’s growth strategy may be complicated by shifting regulations and imposed restrictions. Nonetheless, DraftKings has already proven that it can adapt to changes and find new growth avenues.

Besides, the DraftKings stock is an appealing investment due to the company’s diversified product offerings. In addition to sports book services, the company provides a wide range of fantasy sports games. This variety makes the company less dependent on the sports calendar and helps attract a broader audience. Consequently, investors can benefit from the business’s growth potential and the different revenue streams that DraftKings provides.

Therefore, investing in DraftKings shares can be attractive both in terms of short-term speculation and long-term investing as long as investors assess the associated risks and opportunities. The company’s flexibility and innovation make it one of the potential leaders in the sports gaming and online book market. However, the key to successful investment hinges on a thorough analysis of the factors influencing this volatile sector.