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Its aggressive promotional activities will solidify its market share growth in sports betting. Today, it is one of the top players in the massive sports betting industry. The sports betting industry is massive, DraftKings is in a growth stage and there is huge potential to expand. It has shown volatility since then and is trading much lower at less than $47 today. On the date of publication, Mark R. Hake did not hold a position in any security mentioned in this article. For investors considering high-growth stocks such as DraftKings, now is apparently not the time to be taking on extra risk. In the first quarter of 2021, DKNG's total net revenues surged 146% year-over-year to $322 million. The sports betting sector is deeply out of favor. Naturally, many of these proposals will not make it past the finish line. Investors now can own that story at a cheaper price. With strategic acquisitions and partnerships, DraftKings is putting its money in the right place. He argues that sports bettingcould reach $15 billion in 2025, up from $3 billion in 2020. 2023 Capital Com Online Investments Ltd. After marking a high of 74, it made a lower high of 64. 1125 N. Charles St, Baltimore, MD 21201. Theres even room for more lines. Your current $100 investment may be up to $1189.67 in 2028. DraftKings has increased the full-year revenue target to $1.21 to $1.29 billion, which would be up to 100% YOY growth. Our 3 Top Picks. DraftKings (DKNG) Stock Forecast & Price Target - TipRanks The company has a stronghold on the industry and is making the right moves with partnerships and acquisitions to ensure that it grabs maximum users. I also believe its newly-launched NFT platform will work in favor of the company and eventually attract new users to the platform. Indeed, the moves in DKNG stock have been impressive this year. Why Hudson Bay May Not Be Able to Save Bed Bath & Beyond (BBBY) Stock, 5 Investors Betting Big on Exela (XELA) Stock in 2023, DraftKings Price Predictions: Why One Analyst Sees DKNG Stock Headed to $105. Close price at the end of the last trading day (Friday, 17th Feb 2023) of the DKNG stock was $20.54. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. With more states legalizing sports betting, the company has grown significantly. Therefore, look to make at least 34% on DKNG stock as it moves closer to its inherent value of $73 per share. DKNG Stock Price Targets and Analyst Ratings I still believe that the upper end of the target is very possible.