Prediction: This is Where DraftKings Will End The Year

The header question has a cleanable answer. DraftKings (NASDAQ:DKNG) would request to astir treble from $28.79 to wide $57 by year-end 2026, and our proprietary exemplary does not spot it happening successful that window. That said, we are inactive constructive connected the banal from here.

Our 24/7 Wall St. terms people for DraftKings is $32.87, implying 14.16% upside implicit the adjacent 12 months. The proposal is buy, with precocious assurance astatine 0.9.

24/7 Wall St. Price Target Summary

A Volatile Year That Reset Expectations

DKNG has rallied 16.18% successful the past week and 15.16% implicit the past month, but the banal is inactive down 16.45% year-to-date and 21.12% implicit the trailing year. Shares beryllium astir 28% beneath the 52-week precocious of $48.78, aft bottoming adjacent $20.46.

Q1 2026 results reframed the story. Revenue of $1.65 cardinal bushed statement by 4.54%, sportsbook gross roseate 24.1%, and adjusted EBITDA jumped 64% to $167.85 million. EPS of $0.20 missed the $0.36 estimate, but absorption reaffirmed full-year gross guidance of $6.50 cardinal to $6.90 billion.

Why Bulls See a Breakout Ahead

Our 1-year bull script lands astatine $49.50, a 71.94% instrumentality that gets adjacent to doubling without rather touching it. Drivers see the motorboat of DraftKings Predictions, the CFTC-regulated event-contracts level CEO Jason Robins says volition present a "leadership presumption successful Sports Predictions earlier year-end."

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Sportsbook nett gross borderline expanded to 7.8% from 6.4%, and mean gross per idiosyncratic climbed 21% to $131. Wall Street agrees: 23 Buy ratings, 5 Strong Buys, and a statement people of $34.88.

What Could Go Wrong

Monthly Unique Payers fell 4% YoY, operating currency travel turned antagonistic astatine -$48.4 million, and DKNG carries a stretched trailing P/E of 322. Bulls would antagonistic that the MUP driblet reflects a deliberate displacement toward higher-value users (ARPU up 21%) and that the cash-flow dip reflects dense Predictions investment, not deteriorating economics.