DraftKings is down 30% this year even as its CEO insists the core business is firing on all cylinders, and a specific date in 2028 could mark the moment that gap finally closes in a big way.
DraftKings (NASDAQ:DKNG | DKNG Price Prediction) is the rare growth story where the operating business is accelerating and the stock is still going the wrong way.
Shares sit at $23.87 after a brutal 30.73% year-to-date decline, even as CEO Jason Robins told investors “the core business is firing” and reaffirmed a path to roughly $1 billion of adjusted EBITDA from the core in 2026. The question I want to answer: can DKNG double from here and reach $50 by March 2028?
