DraftKings (DKNG) Stock Forecast & Price Target

$37.87 +0.88 (+2.38%)

Closing price 04:00 PM Eastern

Extended Trading

$37.84 -0.03 (-0.09%)

As of 06:33 PM Eastern

DraftKings - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 28 Analyst Ratings

Sell
0

Hold
3

Buy
25

Based on 28 Wall Street analysts who have issued ratings for DraftKings in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 28 analysts, 3 have given a hold rating, and 25 have given a buy rating for DKNG.

Consensus Price Target

$54.44
43.77% Upside

According to the 28 analysts' twelve-month price targets for DraftKings, the average price target is $54.44. The highest price target for DKNG is $65.00, while the lowest price target for DKNG is $35.00. The average price target represents a forecasted upside of 43.77% from the current price of $37.87.

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DKNG Analyst Ratings Over Time

Type	Current Forecast 3/14/24 to 3/14/25	1 Month Ago 2/13/24 to 2/12/25	3 Months Ago 12/15/23 to 12/14/24	1 Year Ago 3/15/23 to 3/14/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	24 Buy rating(s)	23 Buy rating(s)	23 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$54.44	$51.08	$51.00	$43.93
Forecasted Upside	43.77% Upside	12.41% Upside	27.88% Upside	4.31% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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DKNG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DKNG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

DraftKings Stock vs. The Competition

Type	DraftKings	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.89	2.60	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	43.60% Upside	1,698.82% Upside	20.37% Upside
News Sentiment Rating	Positive News See Recent DKNG News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/10/2025	Benchmark 2 of 5 stars	Mike Hickey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$44.00 ➝ $51.00	+38.72%
2/24/2025	Morgan Stanley 3 of 5 stars	Stephen Grambling Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$49.00 ➝ $53.00	+16.43%
2/18/2025	Needham & Company LLC 2 of 5 stars		Set Target		$65.00	+42.64%
2/18/2025	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Staszak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$60.00	+31.67%
2/18/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Greff Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$53.00 ➝ $61.00	+18.33%
2/18/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matt Farrell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$48.00 ➝ $60.00	+13.59%
2/18/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Daniel Politzer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$53.00 ➝ $60.00	+13.59%
2/18/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brandt Montour Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$50.00 ➝ $60.00	+12.17%
2/18/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Barry Jonas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$50.00 ➝ $60.00	+12.17%
2/18/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jeffrey Stantial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$48.00 ➝ $57.00	+6.56%
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2/14/2025	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jordan Bender Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Outperform ➝ Market Outperform	$50.00 ➝ $50.00	-5.50%
2/14/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Graham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$54.00 ➝ $60.00	+29.17%
2/4/2025	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
2/4/2025	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lance Vitanza Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$55.00 ➝ $51.00	+23.81%
2/3/2025	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Clark Lampen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$59.00	+29.47%
1/8/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$56.00 ➝ $54.00	+39.79%
11/11/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Beynon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$50.00 ➝ $51.00	+20.48%
10/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jed Kelly Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$54.00 ➝ $62.00	+64.67%
10/16/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$48.00 ➝ $48.00	+27.80%
9/10/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Johnson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$35.00	-3.07%
9/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$56.00 ➝ $58.00	+68.31%
8/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$58.00 ➝ $55.00	+72.58%
8/5/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$60.00 ➝ $54.00	+68.64%
7/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$54.00 ➝ $50.00	+37.44%
6/26/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$53.00 ➝ $52.00	+38.30%
5/31/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Cummings Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$52.00 ➝ $54.00	+24.42%
5/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$34.00 ➝ $35.00	-19.65%
3/28/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$52.00 ➝ $55.00	+21.28%
2/15/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$45.00 ➝ $50.00	+12.21%
11/15/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $45.00	+21.92%
8/9/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$30.00 ➝ $41.00	+29.30%
8/7/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$20.00 ➝ $23.00	-27.28%
6/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:34 PM ET.

Should I Buy DraftKings Stock? DKNG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 11, 2025. Please send any questions or comments about these DraftKings pros and cons to contact@marketbeat.com.

DraftKings
Bull Case

Here are some ways that investors could benefit from investing in DraftKings Inc.:

DraftKings Inc. has received a number of positive ratings from analysts, with 25 analysts assigning a buy rating, indicating strong market confidence in the company's growth potential.
The stock currently has a consensus target price of $54.44, suggesting significant upside potential from its current trading levels.
Recent institutional trading activity shows increased confidence, with several hedge funds boosting their stakes in DraftKings Inc., indicating strong institutional support.
Analysts project that DraftKings Inc. will post earnings per share of $0.64 for the current fiscal year, reflecting expectations of improved profitability.
DraftKings Inc. operates in the rapidly growing digital sports entertainment and gaming sector, positioning itself well to capitalize on increasing consumer interest in online sports betting and fantasy sports.

DraftKings
Bear Case

Investors should be bearish about investing in DraftKings Inc. for these reasons:

The company reported a loss of ($0.28) earnings per share for the last quarter, missing the consensus estimate by ($0.35), which raises concerns about its short-term financial performance.
DraftKings Inc. has a negative return on equity of 48.13%, indicating that the company is not currently generating profit relative to shareholder equity, which could deter potential investors.
Insider selling has been significant, with insiders selling over 2.5 million shares recently, which may signal a lack of confidence in the company's near-term prospects.
The company has a negative net margin of 10.64%, suggesting that it is currently spending more than it earns, which could impact its ability to reinvest in growth.
Despite the positive outlook from analysts, the stock's volatility and recent performance may pose risks for investors looking for stable returns.

DKNG Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $54.44, with a high forecast of $65.00 and a low forecast of $35.00.
: 28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 3 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DKNG shares.
: According to analysts, DraftKings's stock has a predicted upside of 43.77% based on their 12-month stock forecasts.
: DraftKings has been rated by research analysts at Argus, Barclays, Benchmark, BTIG Research, Canaccord Genuity Group, Cowen, JMP Securities, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Piper Sandler, Stifel Nicolaus, Susquehanna, TD Cowen, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like DraftKings more than other "consumer discretionary" companies. The consensus rating score for DraftKings is 2.89 while the average consensus rating score for "consumer discretionary" companies is 2.60. Learn more on how DKNG compares to other companies.

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This page (NASDAQ:DKNG) was last updated on 3/14/2025 by MarketBeat.com Staff

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DraftKings (DKNG) Stock Forecast & Price Target