Added to YB: 2026-04-02
Pitch date: 2026-02-10
DKNG [bullish]
DraftKings Inc.
-17.83%
current return
Author Info
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Company Info
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally.
Market Cap
$10.4B
Pitch Price
$26.97
Price Target
54.20 (+151%)
Dividend
N/A
EV/EBITDA
37.42
P/E
-2.6K
EV/Sales
1.84
Sector
Hotels, Restaurants and Leisure
Category
growth
DraftKings Inc. - $DKNG
DKNG: Stock down 45% on prediction market (PM) fears, now 15x NTM FCF despite >40% prospective FCF growth. DKNG/FanDuel duopoly holds 70-80% mkt share via scale, brand, product superiority. PMs structurally weaker—lack parlays (20-30% of vol, 4-5x margins), lower take rates (1-2% vs >10%), less promo power. UK exchanges only 6-8% vol; US data shows DKNG vol +15% YoY Q4 despite PMs. 0x net leverage, 7% NTM FCF yield, $2B buyback (15% mcap). Estimate 9x 2028 FCF; target >18x = 100%+ upside 2-3yr. Risks: TX/CA/FL legalization unlocks TAM, PM legality uncertain (Supreme Court 2027).
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