DraftKings (DKNG) Stock Forecast & Price Target

$40.00 +0.17 (+0.43%)

As of 01/14/2025 04:00 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 26 Analyst Ratings

Sell
0

Hold
3

Buy
23

Based on 26 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 26 analysts, 3 have given a hold rating, and 23 have given a buy rating for DKNG.

Consensus Price Target

$51.08
27.69% Upside

According to the 26 analysts' twelve-month price targets for DraftKings, the average price target is $51.08. The highest price target for DKNG is $62.00, while the lowest price target for DKNG is $35.00. The average price target represents a forecasted upside of 27.69% from the current price of $40.00.

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DKNG Analyst Ratings Over Time

Type	Current Forecast 1/16/24 to 1/15/25	1 Month Ago 12/17/23 to 12/16/24	3 Months Ago 10/18/23 to 10/17/24	1 Year Ago 1/16/23 to 1/16/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	23 Buy rating(s)	23 Buy rating(s)	24 Buy rating(s)	21 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$51.08	$51.00	$50.04	$36.10
Forecasted Upside	27.69% Upside	29.97% Upside	32.90% Upside	7.26% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	2.88	2.58	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	27.69% Upside	248.57% Upside	14.85% Upside
News Sentiment Rating	Neutral News See Recent DKNG News	Positive News	Positive News

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
1/8/2025	Susquehanna 2 of 5 stars		Lower Target	Positive ➝ Positive	$56.00 ➝ $54.00	+39.79%
1/7/2025	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$44.00 ➝ $44.00	+18.12%
1/6/2025	JMP Securities 2 of 5 stars		Lower Target	Market Outperform ➝ Market Outperform	$52.00 ➝ $50.00	+33.51%
12/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $53.00	+27.80%
11/12/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$50.00 ➝ $55.00	+29.72%
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%
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11/11/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$45.00 ➝ $50.00	+20.71%
11/8/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$60.00 ➝ $60.00	+53.93%
10/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $48.00	+26.88%
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%
10/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $52.00	+39.22%
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%
8/14/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $50.00	+59.03%
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $48.00	+68.36%
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%
5/6/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$53.00 ➝ $55.00	+31.52%
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%
2/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$40.00 ➝ $50.00	+14.65%
11/27/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $46.00	+17.65%
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
2/21/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$28.00 ➝ $30.00	+45.14%
2/9/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Engel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$15.00	-15.11%
2/9/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$15.00	-15.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:17 AM 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 Sunday, January 5, 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 multiple upgrades from analysts, with price targets raised to as high as $60.00, indicating strong confidence in the company's growth potential.
The company reported a revenue of $1.10 billion for the latest quarter, showcasing its ability to generate significant income in the competitive digital sports entertainment market.
With 23 analysts assigning a buy rating, DraftKings Inc. has a strong consensus rating of "Moderate Buy," suggesting that many experts believe the stock is a good investment opportunity.
Recent institutional investments, such as Marshall Wace LLP increasing its stake by 53.3%, reflect growing confidence among large investors in DraftKings Inc.'s future performance.
The current stock price is around $51.00, which is close to the average target price set by analysts, indicating potential for price appreciation as the company continues to grow.

DraftKings
Bear Case

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

DraftKings Inc. reported an earnings per share (EPS) of ($0.60), missing the consensus estimate, which may raise concerns about its profitability and financial health.
The company has a negative return on equity of 41.23%, indicating that it is currently not generating profit from its equity investments, which could deter potential investors.
With a negative net margin of 9.06%, DraftKings Inc. is struggling to convert revenue into actual profit, which is a critical factor for long-term sustainability.
Analysts predict that DraftKings Inc. will post an EPS of -0.79 for the current fiscal year, suggesting ongoing challenges in achieving profitability.
The stock has experienced volatility, which may pose risks for investors looking for stable returns, especially in a competitive market landscape.

DKNG Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $51.08, with a high forecast of $62.00 and a low forecast of $35.00.
: 26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 3 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DKNG shares.
: According to analysts, DraftKings's stock has a predicted upside of 27.69% based on their 12-month stock forecasts.
: DraftKings has been rated by research analysts at Barclays, Benchmark, JMP Securities, JPMorgan Chase & Co., Macquarie, Mizuho, Morgan Stanley, Needham & Company LLC, Susquehanna, TD Cowen, 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 2.88 while the average consensus rating score for "consumer discretionary" companies is 2.58. Learn more on how DKNG compares to other companies.

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This page (NASDAQ:DKNG) was last updated on 1/15/2025 by MarketBeat.com Staff

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DraftKings (DKNG) Stock Forecast & Price Target