DraftKings (DKNG) Stock Forecast & Price Target

Q: What analysts cover DraftKings?

DraftKings has been rated by research analysts at Barclays , Benchmark , Citigroup , Citizens Jmp , Deutsche Bank Aktiengesellschaft , Guggenheim , Jefferies Financial Group , JPMorgan Chase & Co. , Moffett Nathanson , Morgan Stanley , Northland Securities , Sanford C. Bernstein , Stifel Nicolaus , Susquehanna , TD Cowen , Truist Financial , Weiss Ratings , Wells Fargo & Company , and Wolfe Research in the past 90 days.

$24.01 -0.18 (-0.74%)

As of 09/4/2026 04:00 PM Eastern

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DraftKings - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 41 Analyst Ratings

Sell
2

Hold
8

Buy
31

Based on 41 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 41 analysts, 2 have given a sell rating, 8 have given a hold rating, 30 have given a buy rating, and 1 has given a strong buy rating for DKNG.

Consensus Price Target

$34.36
43.09% Upside

According to the 41 analysts' twelve-month price targets for DraftKings, the average price target is $34.36. The highest price target for DKNG is $50.00, while the lowest price target for DKNG is $20.00. The average price target represents a forecasted upside of 43.09% from the current price of $24.01.

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.

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DKNG Analyst Ratings Over Time

Type	Current Forecast 9/5/25 to 9/5/26	1 Month Ago 8/6/25 to 8/6/26	3 Months Ago 6/7/25 to 6/7/26	1 Year Ago 9/5/24 to 9/5/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	30 Buy rating(s)	29 Buy rating(s)	27 Buy rating(s)	23 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$34.36	$34.21	$34.35	$54.37
Forecasted Upside	43.09% Upside	54.29% Upside	37.77% Upside	16.77% 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	Broader Market
Consensus Rating Score	2.73	2.20	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	43.09% Upside	202.83% Upside	14.03% Upside
News Sentiment Rating	Positive 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/3/2026	Sanford C. Bernstein 3 of 5 stars	Ian Moore Not Rated	Boost Target	Outperform	$27.00 ➝ $29.00	+19.79%
9/2/2026	Wolfe Research 4 of 5 stars	Peter Supino Not Rated	Initiated Coverage	Peer Perform ➝ Outperform	$40.00	+70.65%
8/21/2026	Weiss Ratings 5 of 5 stars		Downgrade	Sell (D) ➝ Sell (E+)
8/11/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Hardiman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$30.00 ➝ $32.00	+31.85%
8/10/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Barry Jonas Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$29.00	+15.51%
8/10/2026	Northland Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$28.00	+11.52%
8/10/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Curry Baker Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$35.00 ➝ $33.00	+37.33%
8/10/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brandt Montour Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$35.00 ➝ $34.00	+41.49%
8/10/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Politzer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$34.00 ➝ $33.00	+35.72%
8/7/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mike Hickey Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$29.00 ➝ $30.00	+27.56%
Get the Latest News and Ratings for DKNG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for DraftKings and its competitors with MarketBeat's FREE daily newsletter.
7/23/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ed Young Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$39.00 ➝ $36.00	+62.38%
7/22/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeffrey Stantial Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$40.00 ➝ $38.00	+65.38%
7/20/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Trey Bowers Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$32.00 ➝ $29.00	+16.28%
7/15/2026	Moffett Nathanson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robert Fishman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target		$27.00 ➝ $25.00	+12.76%
7/10/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lance Vitanza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$30.00 ➝ $35.00	+30.17%
7/9/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Carlo Santarelli Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$26.00 ➝ $28.00	+5.18%
7/1/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Stauff Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Positive	$32.00 ➝ $31.00	+22.72%
6/25/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jordan Bender Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Outperform	$34.00 ➝ $36.00	+50.98%
6/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
6/5/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robin Farley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$43.00 ➝ $49.00	+92.88%
6/1/2026	New Street Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$29.00	+9.83%
5/20/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
5/20/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
5/14/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral ➝ Underperform	$20.00	-20.10%
5/12/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ben Chaiken Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$44.00 ➝ $45.00	+83.60%
5/11/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bernie McTernan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$35.00	+37.15%
5/8/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Clark Lampen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$28.00 ➝ $30.00	+18.95%
4/24/2026	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Equal Weight ➝ Overweight
4/24/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform
4/24/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
4/24/2026	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell ➝ Buy
4/24/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
4/24/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral ➝ Outperform
3/17/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Eade Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold
3/3/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Pitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$42.00 ➝ $50.00	+110.12%
2/24/2026	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jack Cummins Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$26.40	+18.51%
2/17/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ben Miller Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$54.00 ➝ $31.00	+37.93%
2/17/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jed Kelly Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$50.00 ➝ $35.00	+60.85%
2/13/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Graham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$50.00 ➝ $44.00	+74.88%
2/13/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shaun Kelley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$37.50 ➝ $30.00	+19.24%
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1/30/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$35.00	+23.74%
1/8/2026	Texas Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
11/10/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chad Beynon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$50.00 ➝ $48.00	+54.53%
4/24/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lance Vitanza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$60.00 ➝ $55.00	+59.50%
4/14/2025	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Zachary Warring Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Moderate Buy
2/18/2025	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matt Farrell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$48.00 ➝ $60.00	+13.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:12 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 Friday, September 4, 2026. 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.:

Wolfe Research recently initiated coverage on DraftKings Inc. with an "outperform" rating and a $40.00 price target, which suggests a potential upside of approximately 66.6% from the current stock price of $24.01, indicating strong institutional confidence in the company's future performance.
The company's Predictions product has demonstrated rapid growth, expanding from $2.3 billion to $11 billion in annualized volume in just three months, signaling a successful strategic pivot that could drive significant future revenue and user engagement.
DraftKings Inc. reported second-quarter earnings of $0.09 per share, significantly beating the consensus estimate of $0.02, which demonstrates the company's ability to generate profitability and exceed analyst expectations despite broader market challenges.
Bank of New York Mellon Corp purchased a new stake in the company during the second quarter, acquiring 950,668 shares valued at approximately $24 million, which reflects increased institutional interest and validation of the stock's investment thesis.
The stock is currently trading near its 52-week low of $20.46, with a current price of $24.01, presenting a potential entry point for value-oriented investors who believe the market has over-penalized the company given its recent product successes and analyst support.

DraftKings
Bear Case

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

Revenue for the most recent quarter was $1.44 billion, which fell short of the analyst consensus estimate of $1.51 billion and represented a 4.6% decline compared to the same period last year, indicating slowing top-line growth and potential market saturation.
The company has a high debt-to-equity ratio of 3.22, and recent refinancing activities, including a new $700 million term loan, suggest a heavy reliance on debt financing that could increase financial risk and interest costs for shareholders.
Insider selling has been prominent recently, with Director Jocelyn Moore selling 10,759 shares and insider R Stanton Dodge selling 62,500 shares in recent months, which may signal a lack of confidence from those with the most knowledge of the company's internal operations.
DraftKings Inc. reported a negative net margin of 2.68% and a negative return on equity of 11.26% in the latest quarter, indicating that the company is currently operating at a loss and generating negative returns for its equity holders.
The stock has experienced significant volatility and a decline in value over the past year, with a 52-week high of $48.78 compared to the current price of $24.01, reflecting a substantial drop in market valuation and investor sentiment.

DKNG Forecast - Frequently Asked Questions

According to the research reports of 41 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $34.36, with a high forecast of $50.00 and a low forecast of $20.00.

41 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 2 sell ratings, 8 hold ratings, 30 buy ratings and 1 strong buy rating 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 43.09% based on their 12-month stock forecasts.

Over the previous 90 days, DraftKings's stock had 1 downgrade by analysts.

DraftKings has been rated by research analysts at Barclays, Benchmark, Citigroup, Citizens Jmp, Deutsche Bank Aktiengesellschaft, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Moffett Nathanson, Morgan Stanley, Northland Securities, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, TD Cowen, Truist Financial, Weiss Ratings, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like DraftKings more than other "consumer discretionary" companies. The consensus rating for DraftKings is Moderate Buy while the average consensus rating for "consumer discretionary" companies is Hold. Learn more on how DKNG compares to other companies.

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MarketBeat monitors more than a dozen sources for DraftKings analyst ratings, with the most recent rating issued on 9/3/2026.

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DraftKings (DKNG) Stock Forecast & Price Target