Dkng stock forecast wall Street DKNG stock forecast

Wall Street DKNG stock forecast consensus currently sits at Overweight, with 17 out of 24 analysts recommending Buy. The EV/EBITDA multiple remains slightly elevated at 22x, justified by 2024 growth prospects in newly legalized US markets. However, as Morgan Stanley's $110 target price and equal-weight recommendation for Robinhood suggests, the implications for the stock are more nuanced. They believe there is a regulatory risk to the forecasts for prediction markets revenue if courts declare that "sporting events contracts" are merely a form of gambling in disguise. This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected] . Peer comparison in DKNG stock forecast finds DraftKings ahead of Caesars Sportsbook in user retention rates. This performance edge could be critical for sustaining revenue growth amid competitive pressure.