DraftKings stock plunges after double miss, full-year guidance cut
DraftKings Inc. DKNG shares are trading lower Friday after the company reported worse-than-expected third-quarter results ...
Model output · Signal date 2026-11-06
Draftkings Inc. (DKNG) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
49.0%
Spearman, 357 dates
Market Cap
$9.12B
mid-cap · #2 of 21 peers
Summary
Draftkings Inc. (DKNG) stock forecast summary
Our AI scores Draftkings Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Draftkings Inc. is a mid-cap company with a market capitalization of $9.12B. It ranks number 2 by market capitalization among the 21 Services-Miscellaneous Amusement & Recreation issuers in our coverage with a current forecast.
For DKNG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 49.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 7.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, DKNG included.
Price
DKNG price chart and AI forecast
Cross-section · 2026-11-06
How DKNG ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Draftkings Inc. (DKNG) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Miscellaneous Amusement & Recreation peers listed below that report each metric.
Valuation & Market
| Metric | DKNG | Rank |
|---|---|---|
| Market Cap | $9.12B | 2/21 |
| P/B Ratio | 50.75x | 2/11 |
| EPS | $-0.43 | – |
| Book Value/Share | $0.36 | – |
| Revenue/Share | $13.01 | – |
| FCF/Share | $0.66 | – |
Profitability & Margins
| Metric | DKNG | Rank |
|---|---|---|
| ROIC | -15.0% | 11/13 |
| Gross Margin | 40.5% | 5/7 |
| Operating Margin | -6.3% | 10/15 |
| EBT Margin | -4.9% | 10/16 |
| Tax Rate | -7.0% | – |
Financial Health
| Metric | DKNG | Rank |
|---|---|---|
| Current Ratio | 0.99x | 8/18 |
| D/E Ratio | 24.67x | 2/13 |
| Financial Leverage | 25.67x | 2/12 |
| Interest Coverage | -41.2x | 11/14 |
| Working Capital | -$24M | 12/18 |
Cash Flow
| Metric | DKNG | Rank |
|---|---|---|
| Operating Cash Flow | $384M | 6/21 |
| Free Cash Flow | $324M | 3/12 |
| Capital Spending | -$59M | 8/12 |
| OCF Growth YoY | -42.5% | 7/11 |
| FCF Growth YoY | -50.5% | 7/10 |
| FCF/Sales | 5.1% | 7/11 |
| CapEx/Sales | 0.9% | 7/11 |
Operational Efficiency
| Metric | DKNG | Rank |
|---|---|---|
| Asset Turnover | 1.39x | 2/10 |
| Receivables Turnover | 63.8x | 3/11 |
| Fixed Assets Turnover | 70.6x | 3/11 |
| Days Sales Outstanding | 6 days | 9/11 |
| Payables Period | 82 days | 3/6 |
Income Statement
| Metric | DKNG | Rank |
|---|---|---|
| Total Revenue | $6.41B | 2/14 |
| Operating Income | -$404M | 18/19 |
| SG&A Expense | $3.12B | 3/10 |
| Cost of Goods Sold | $3.82B | 1/8 |
Dividend & Shareholder Information
| Metric | DKNG | Rank |
|---|---|---|
| Shares Outstanding | 493M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.89B | 41.0% of assets |
| Cash & Short-term Investments | $1.10B | 23.9% of assets |
| Accounts Receivable | $100M | 2.2% of assets |
| Total Liabilities | $4.43B | 96.1% of assets |
| Short-term Debt | $1.06B | 22.9% of assets |
Quarterly Financial Reports
DKNG quarterly financials and insider trading
Industry Peers · Services-Miscellaneous Amusement & Recreation
Draftkings Inc. (DKNG) industry peers
Companies classified under the same SEC industry code as Draftkings Inc. (Services-Miscellaneous Amusement & Recreation): 23 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| DKNG Draftkings Inc. | $9.12B | |
| DIS Walt Disney Co | $201.59B | |
| MSGK Msg Knickerbockers Corp. | $7.52B | |
| SGHC Super Group (Sghc) Ltd | $5.85B | |
| MTN Vail Resorts Inc | $5.65B | |
| MSGR Msg Rangers Corp. | $2.90B | |
| RSI Rush Street Interactive, Inc. | $2.83B | |
| STUB Stubhub Holdings, Inc. | $2.35B | |
| BRSL Brightstar Lottery Plc | $1.85B | |
| PRKS United Parks & Resorts Inc. | $1.81B | |
| GENI Genius Sports Ltd | $1.60B | |
| FBYD Falcon's Beyond Global, Inc. | $332M | |
| BUKS Butler National Corp | $322M | |
| SEG Seaport Entertainment Group Inc. | $275M | |
| XPOF Xponential Fitness, Inc. | $218M | |
| ENHA Enhanced Group Inc. | $105M | |
| SEAT Vivid Seats Inc. | $31M | |
| GRSD Grandstand Ltd | $30M | |
| TBTC Table Trac Inc | $27M | |
| EVTK Eventiko Inc. | $8M | |
| BRVO Bravo Multinational Inc. | $1M | |
| GAMG Global Asset Management Group, Inc. | N/A | |
| LIMX Limitless X Holdings Inc. | N/A |
Where DKNG sits on the market map
Trade & Services · Services-Miscellaneous Amusement & Recreation
News
Draftkings Inc. (DKNG) stock news
DraftKings posts downbeat Q3 results, joins Atlassian, Natera and other big stocks moving lower in Friday’s pre-market session
U.S. stock futures were mixed this morning, with the Dow futures falling over 400 points on Friday. Shares of DraftKings Inc ...
DraftKings Plunges 29% After Slashing Profit Projection
DraftKings Inc. gave a forecast for earnings in 2027 that missed the average analyst estimate, while also cutting its outlook ...
FAQ
Draftkings Inc. (DKNG) stock forecast FAQ
What is the Draftkings Inc. (DKNG) stock forecast?
Our AI scores Draftkings Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Draftkings Inc. stock predictions?
For DKNG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 49.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 7.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Draftkings Inc. forecasts updated?
Draftkings Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Draftkings Inc.'s industry peers?
23 issuers in our coverage, DKNG included, share the SEC industry code Services-Miscellaneous Amusement & Recreation. The largest are: Walt Disney Co (DIS), Msg Knickerbockers Corp. (MSGK), Super Group (Sghc) Ltd (SGHC), Vail Resorts Inc (MTN), Msg Rangers Corp. (MSGR), Rush Street Interactive, Inc. (RSI).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.