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DraftKings (DKNG) Stock Forecast & Price Target

$37.86
+0.71 (+1.91%)
(As of 07/12/2024 ET)

DraftKings - Analysts' Recommendations and Stock Price Forecast (2024)

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

Consensus Price Target

$49.64
31.12% Upside
High Forecast$60.00
Average Forecast$49.64
Low Forecast$23.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
24 Buy rating(s)
25 Buy rating(s)
24 Buy rating(s)
16 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$49.64$49.00$46.46$27.50
Forecasted Upside31.12% Upside21.26% Upside16.90% Upside28.20% Upside
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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.
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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.
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DraftKings Stock vs. The Competition

TypeDraftKingsConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.79
2.55
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside31.12% Upside110.63% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Barclays
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 Lower TargetOverweight ➝ Overweight$54.00 ➝ $53.00+44.65%
7/5/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$50.00 ➝ $50.00+33.55%
7/1/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$60.00 ➝ $58.00+51.95%
6/26/2024Guggenheim
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 Lower TargetBuy ➝ Buy$53.00 ➝ $52.00+38.30%
6/25/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$54.00 ➝ $53.00+35.14%
6/12/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$60.00 ➝ $60.00+56.90%
6/5/2024Susquehanna
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 Lower TargetPositive ➝ Positive$56.00 ➝ $49.00+36.83%
5/31/2024Berenberg Bank
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J. Cummings
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UpgradeHold
5/15/2024UBS Group
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 Boost TargetBuy ➝ Buy$56.00 ➝ $60.00+32.51%
5/6/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$52.00 ➝ $54.00+24.42%
5/6/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$34.00 ➝ $35.00-19.65%
5/6/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$51.00 ➝ $54.00+24.00%
5/6/2024BTIG Research
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 Boost TargetBuy ➝ Buy$53.00 ➝ $55.00+31.52%
5/3/2024Benchmark
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 Boost TargetBuy ➝ Buy$50.00 ➝ $52.00+24.25%
4/16/2024The Goldman Sachs Group
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 Initiated CoverageBuy$60.00+37.24%
4/9/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$49.00 ➝ $50.00+11.21%
3/28/2024JPMorgan Chase & Co.
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 Reiterated RatingOverweight ➝ Overweight$55.00+21.15%
3/28/2024Moffett Nathanson
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 Boost TargetBuy ➝ Buy$52.00 ➝ $55.00+21.28%
3/26/2024Mizuho
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 Initiated CoverageBuy$58.00+22.57%
3/25/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$52.00+10.47%
2/20/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$45.00 ➝ $55.00+31.77%
2/15/2024Bank Of America (Bofa)
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 Boost Target$45.00 ➝ $50.00+12.21%
2/13/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$40.00 ➝ $50.00+14.65%
1/19/2024BNP Paribas
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 DowngradeNeutral ➝ Underperform$28.00-25.41%
11/27/2023Argus
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 Boost TargetBuy ➝ Buy$40.00 ➝ $46.00+17.65%
11/15/2023Craig Hallum
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 Boost TargetBuy ➝ Buy$40.00 ➝ $45.00+21.92%
8/9/2023Citigroup
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 Boost TargetBuy ➝ Buy$30.00 ➝ $41.00+29.30%
8/7/2023Roth Mkm
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 Boost TargetSell ➝ Sell$20.00 ➝ $23.00-27.28%
8/7/2023TD Cowen
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 Boost TargetOutperform ➝ Outperform$35.00 ➝ $37.00+18.59%
7/12/2023Bank of America
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 UpgradeNeutral ➝ Buy$25.00 ➝ $35.00+20.86%
6/27/2023VNET Group
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 Reiterated RatingReiterates
2/21/2023Canaccord Genuity Group
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 Boost TargetBuy$28.00 ➝ $30.00+45.14%
2/9/2023Roth Capital
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E. Engel
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DowngradeNeutral ➝ Sell$15.00-15.11%
2/9/2023MKM Partners
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 DowngradeNeutral ➝ Sell$15.00-15.11%
11/2/2022Cowen
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 Lower Target$50.00 ➝ $35.00+106.00%
10/12/2022Redburn Partners
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 Initiated CoverageNeutral$19.00+38.89%
10/6/2022Exane BNP Paribas
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 Initiated CoverageUnderperform
9/6/2022Susquehanna Bancshares
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 Boost TargetPositive$20.00 ➝ $24.00+54.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:00 AM ET.

DKNG Forecast - Frequently Asked Questions

What is DraftKings' forecast for 2024?

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $49.64, with a high forecast of $60.00 and a low forecast of $23.00.

Should I buy or sell DraftKings stock right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DKNG shares.

Does DraftKings's stock price have much upside?

According to analysts, DraftKings's stock has a predicted upside of 22.75% based on their 12-month stock forecasts.

Has DraftKings been upgraded by Wall Street analysts recently?

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

Do Wall Street analysts like DraftKings more than its competitors?

Analysts like DraftKings more than other "consumer discretionary" companies. The consensus rating score for DraftKings is 2.79 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how DKNG compares to other companies.


This page (NASDAQ:DKNG) was last updated on 7/14/2024 by MarketBeat.com Staff

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