Draftkings Stock Price Prediction 2025, 2030, 2040 for long-term? Is Draftkings stock a good investment for long-term?
If you are looking for the Draftkings stock price prediction or finding the potential of the Draftkings stock, this price forecast can be helpful for you. Our Draftkings stock price forecast is based on a deep technical analysis and the past performance of Draftkings stock. Here we will try to analyze the potential of Draftkings stock in the long term.
But before Draftkings stock's future price forecast, let us have a look at the company's business model and financial details.
About of Draftkings Company
According to Marketwatch.com website "Draftkings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports product offerings, Draftkings Marketplace, retail sportsbook, media, and other consumer products offerings.
The company was founded by Jason D.Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA".
Draftkings Company Revenue and Net Profit This Year?
If we talk about the revenue of DraftKings, then there has been a tremendous jump in the revenue of the company in the last three years. While the total revenue of the company was $323 million three years ago, this year it has increased to $2240 million.
But the net profit of Draftkings is seeing a year-on-year decline of 15%, which is a matter of concern for the investors in Draftkings stock. This year, the net profit of the company was $-1320 million.
Draftkings stock price prediction 2025
Draftkings Stock was launched in the stock market on July 25, 2019. After its listing, the stock saw a good boom, and the stock price reached its lifetime high of $71.36 on March 12, 2021. But after this, there was a decline in the stock.
If we talk about DraftKings stock price prediction 2025, then after the decline, once again the stock is seeing a boom. If the momentum in Draftkings stock continues, then in the year 2025, Draftkings stock may once again trade around its high price of $71. In the year 2025, the average price of the stock can be $61, and the minimum price can be $49.
Draftkings stock price prediction 2030
There is tremendous growth in the revenue of DraftKings year after year, but the net profit of the company is continuously declining. The main reason for this is that the company is still a newcomer in the online gaming sector, and the company management is spending a lot of money to grow its business.
If we talk about Draftkings stock price prediction 2030, then according to our analysis, in the year 2030, Draftkings stock's average price can be $125 and its minimum price can be $107. If there is a good boom in the stock market, then DraftKings' maximum price can go up to $146.
Draftkings stock price prediction 2040
If we talk about Draftkings stock's long-term price prediction, then the company works in the sector of online gaming, and experts believe that the craze of online gaming will increase a lot in the future. Keeping this in mind, it would not be wrong to say that the company's revenue will see tremendous growth in the future.
If we talk about Draftkings stock price prediction 2040, then according to our analysis, the average price of Draftkings stock in the year 2040 can be $320, and the maximum price can be $365.
Frequently asked questions
Is Draftkings stock a good investment?
Draftkings Company works in the sector of online gaming, and experts say that there will be a tremendous boom in the business of online gaming in the future. Looking at this, it would not be wrong to say that DraftKings stock can be a good long-term investment for its investors in the future.
Draftkings stock forecast next 5 years?
If we talk about Draftkings stock price prediction for the next 5 years, then according to our analysis, Draftkings stock price can range from $82 to $90 in the next five years.
Draftkings stock a buy or sell?
According to stock market experts and our analysis, DraftKings stock has good upside potential in the next one or two years. That's why most stock market experts are advising investors to buy and hold the stock.
Will Draftkings stock hit $100 ?
According to our analysis, DraftKings' stock can reach $100 before the year 2030.
Disclaimer:- "There is a lot of volatility in the stock market, due to which investing money in it is a risky business. Therefore, before investing money in the stock of any company, you must do a detailed analysis of that company and the stock of that company on your own behalf or take advice from your financial advisor".