DraftKings stock may reach $50 by March 2028 if its new Predictions business scales successfully.

DraftKings shares have fallen over 30% this year despite CEO Jason Robins' confidence in the core business, which is expected to generate about $1 billion in adjusted EBITDA by 2026. The stock currently trades around $23.87, but a bullish scenario projects it could hit $50 by March 2028 if the new Predictions segment grows as planned and boosts earnings significantly. Key risks include regulatory challenges to the Predictions market. While the target is ambitious, successful execution of these growth drivers could justify the stock's potential doubling over two years.