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 , JPMorgan Chase & Co. , Moffett Nathanson , Morgan Stanley , Needham & Company LLC , Northland Securities , Sanford C. Bernstein , Stifel Nicolaus , Susquehanna , TD Cowen , Truist Financial , UBS Group , Weiss Ratings , Wells Fargo & Company , and Wolfe Research in the past 90 days.

$22.02 +0.75 (+3.53%)

Closing price 04:00 PM Eastern

Extended Trading

$22.05 +0.03 (+0.14%)

As of 07:59 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

$34.29
55.74% Upside

According to the 41 analysts' twelve-month price targets for DraftKings, the average price target is $34.29. 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 55.74% from the current price of $22.02.

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 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
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)	29 Buy rating(s)	24 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	1 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$34.29	$34.11	$34.27	$55.15
Forecasted Upside	55.74% Upside	37.65% Upside	33.35% Upside	28.49% 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	55.74% Upside	199.09% Upside	19.21% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Citizens Jmp 4 of 5 stars	Jordan Bender 1 of 5 stars	Lower Target	Market Outperform	$37.00 ➝ $35.00	+64.71%
9/18/2026	UBS Group 4 of 5 stars	Robin Farley 2 of 5 stars	Lower Target	Buy	$49.00 ➝ $48.00	+116.11%
9/18/2026	Needham & Company LLC 4 of 5 stars	Bernie McTernan 2 of 5 stars	Reiterated Rating	Buy	$35.00	+55.76%
9/8/2026	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	Reiterated Rating	Market Outperform
9/3/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ian Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$27.00 ➝ $29.00	+19.79%
9/2/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Supino Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Peer Perform ➝ Outperform	$40.00	+70.65%
8/21/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Sell (D) ➝ Sell (E+)
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%
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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%
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%
6/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
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%
5/8/2026	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 Friday at 10:57 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 25, 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.:

The stock is currently trading at $22.02, which is significantly below the consensus price target of $34.29 set by analysts who maintain a Moderate Buy rating, suggesting substantial potential upside for investors entering at these depressed levels.
Recent adjusted sports-volume data from Needham indicates that the reported 76% lead held by competitor Kalshi in prediction markets is substantially narrower than headline figures suggest, which may alleviate concerns about DraftKings losing significant market share in this high-growth segment.
The company demonstrated strong operational momentum in the second quarter of 2026 by reporting earnings per share of $0.09, which exceeded the consensus estimate of $0.02, indicating that the business is generating positive returns despite broader market skepticism.
DraftKings is pursuing a strategy of vertical integration in its Predictions business to capture more economics, with analysts noting that this approach could help the company achieve a target adjusted EBITDA margin of 30%, a metric that measures operating profitability before interest, taxes, depreciation, and amortization.
Institutional investors have shown confidence in the company's long-term prospects, with Renaissance Technologies LLC establishing a new position valued at approximately $17.66 million and Spruce House Investment Management LLC increasing its stake by 129.6% during the first quarter of 2026.

DraftKings
Bear Case

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

The stock recently hit a new 52-week low of $20.35 following a price target reduction by Citizens Jmp from $37.00 to $35.00, reflecting analyst concerns that incremental investment plans will weigh on near-term financial performance.
Investors are concerned that DraftKings' plans to increase spending on prediction markets will pressure margins before the business produces meaningful profits, a risk that has driven recent selling and overshadowed the company's longer-term growth opportunities.
The company reported a negative net margin of 2.68% and a negative return on equity of 11.26% in its most recent quarterly results, indicating that it is currently losing money on its revenue and generating negative returns for shareholders.
DraftKings carries a high debt-to-equity ratio of 3.22, which measures the proportion of debt financing relative to shareholder equity, suggesting a significant leverage burden that could limit financial flexibility during periods of economic uncertainty.
Insider activity has been predominantly negative recently, with Director Jocelyn Moore selling 10,759 shares in August 2026 and other executives such as R. Stanton Dodge and Erik Bradbury also executing sales, which may signal a lack of confidence in the stock's near-term trajectory.

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 $34.29, with a high forecast of $50.00 and a low forecast of $20.00.

41 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last year. 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 equities research analysts is that investors should "moderate buy" DKNG shares.

According to analysts, DraftKings's stock has a predicted upside of 55.74% 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, JPMorgan Chase & Co., Moffett Nathanson, Morgan Stanley, Needham & Company LLC, Northland Securities, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, TD Cowen, Truist Financial, UBS Group, 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 9/24/2026.

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DraftKings (DKNG) Stock Forecast & Price Target