Price Prediction: Can DKNG Stock Double This Year?

The question successful our header has a abbreviated reply based connected our proprietary model: astir apt not successful 2026. But the longer reply is much interesting, due to the fact that the bull lawsuit script for DraftKings (NASDAQ:DKNG) does get adjacent to doubling wrong 12 months, and DKNG's Predictions motorboat could reset the full valuation speech earlier year-end.

Our 24/7 Wall St. terms people for DraftKings is $26.64, implying a humble 5.3% upside from the $25.30 adjacent connected June 2, 2026. The proposal is buy, with a precocious 90% assurance people driven by beardown expert statement and accelerating earnings.

24/7 Wall St. Price Target Summary

A Brutal Year, a Quiet Recovery

DKNG has been punished. Shares are down 26.58% twelvemonth to day and 24.99% implicit the past year, sliding from a 52-week precocious of $48.78 to a debased of $20.46. But the portion is turning: DKNG is up 10% implicit the past month.

Q1 2026 captures the contradiction. Revenue of $1.65 cardinal bushed by 4.54%, Adjusted EBITDA jumped 64% to $167.85 million, and GAAP nett income deed $21.07 million. Yet EPS of $0.20 missed the $0.3591 statement by 44.31%, reflecting dense Predictions investment.

Why Bulls See $48 Ahead

The bull thesis is straightforward. Our bull lawsuit 1-year script projects $48.25, a 90.73% instrumentality that astir doubles the stock. Analyst statement sits astatine $34.71, with 23 Buy and 5 Strong Buy ratings.

The Predictions motorboat is the wildcard. CEO Jason Robins said, "profitability is inflecting. That gives america the firepower to property our vantage successful Predictions... We mean to found a enactment presumption successful Sports Predictions earlier year-end."

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and DraftKings wasn't 1 of them. Get them present FREE.

Morningstar's Dan Wasiolek called prediction markets "an charismatic accidental connected apical of the halfway business". Add a buyback authorization, Missouri mobile launch, and sportsbook nett gross borderline enlargement to 7.8%, and the way to a higher valuation becomes credible. UBS expert Robin Farley raised the terms people connected DraftKings Inc. to $49 portion maintaining a Buy rating.