DraftKingsDKNG
About: DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Employees: 5,100
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
44% more call options, than puts
Call options by funds: $1.25B | Put options by funds: $871M
41% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 88
4.32% more ownership
Funds ownership: 76.87% [Q3] → 81.19% (+4.32%) [Q4]
1% more capital invested
Capital invested by funds: $14.6B [Q3] → $14.7B (+$133M) [Q4]
0% more funds holding
Funds holding: 762 [Q3] → 764 (+2) [Q4]
9% less repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 267
19% less funds holding in top 10
Funds holding in top 10: 16 [Q3] → 13 (-3) [Q4]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
JP Morgan Joseph Greff 42% 1-year accuracy 11 / 26 met price target | 34%upside $61 | Overweight Maintained | 18 Feb 2025 |
JMP Securities Jordan Bender 63% 1-year accuracy 36 / 57 met price target | 32%upside $60 | Market Outperform Maintained | 18 Feb 2025 |
Wells Fargo Daniel Politzer 59% 1-year accuracy 34 / 58 met price target | 32%upside $60 | Overweight Maintained | 18 Feb 2025 |
Piper Sandler Matt Farrell 50% 1-year accuracy 9 / 18 met price target | 32%upside $60 | Overweight Reiterated | 18 Feb 2025 |
Barclays Brandt Montour 65% 1-year accuracy 53 / 81 met price target | 32%upside $60 | Overweight Maintained | 18 Feb 2025 |
Financial journalist opinion
Based on 45 articles about DKNG published over the past 30 days
