DraftKings (DKNG) Stock Forecast & Price Target

$23.92 -0.25 (-1.03%)

Closing price 04:00 PM Eastern

Extended Trading

$24.09 +0.17 (+0.71%)

As of 06:21 PM Eastern

Compare

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

Consensus Rating

Moderate Buy

Based on 37 Analyst Ratings

Sell
2

Hold
8

Buy
27

Based on 37 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 37 analysts, 2 have given a sell rating, 8 have given a hold rating, and 27 have given a buy rating for DKNG.

Consensus Price Target

$34.84
45.63% Upside

According to the 37 analysts' twelve-month price targets for DraftKings, the average price target is $34.84. The highest price target for DKNG is $50.00, while the lowest price target for DKNG is $24.00. The average price target represents a forecasted upside of 45.63% from the current price of $23.92.

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.

Get the Latest News and Ratings for DKNG and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for DraftKings and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

DKNG Analyst Ratings Over Time

Type	Current Forecast 5/6/25 to 5/6/26	1 Month Ago 4/6/25 to 4/6/26	3 Months Ago 2/5/25 to 2/5/26	1 Year Ago 5/6/24 to 5/6/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	27 Buy rating(s)	25 Buy rating(s)	23 Buy rating(s)	25 Buy rating(s)
Hold	8 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$34.84	$36.91	$46.10	$54.48
Forecasted Upside	45.63% Upside	61.17% Upside	80.66% Upside	62.18% 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	2.68	2.10	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	45.63% Upside	68.62% Upside	13.98% 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
4/24/2026	Stephens 3 of 5 stars		Initiated Coverage	Equal Weight ➝ Overweight
4/24/2026	Scotiabank 4 of 5 stars		Upgrade	Outperform
4/24/2026	Raymond James Financial 3 of 5 stars		Upgrade	Market Perform ➝ Outperform
4/24/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold
4/24/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/24/2026	Roth Mkm 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	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral ➝ Buy
4/24/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral ➝ Outperform
4/24/2026	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	Downgrade	Buy ➝ Neutral	$38.00 ➝ $27.00	+21.79%
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.
4/21/2026	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	Lower Target	Buy	$33.00 ➝ $30.00	+28.29%
4/16/2026	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	$37.00 ➝ $33.00	+39.59%
4/16/2026	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	Lower Target	Buy	$32.00 ➝ $29.00	+22.67%
4/16/2026	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	$32.00 ➝ $31.00	+30.72%
4/7/2026	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	Boost Target	Overweight	$30.00 ➝ $31.00	+35.28%
4/1/2026	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	Lower Target	Market Outperform	$38.00 ➝ $34.00	+53.43%
3/31/2026	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	$33.00 ➝ $32.00	+49.00%
3/23/2026	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	Reiterated Rating	Buy	$35.00	+47.87%
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
3/16/2026	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	Lower Target	Buy	$53.00 ➝ $43.00	+72.69%
3/5/2026	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	Reiterated Rating	Outperform	$30.00	+17.19%
3/3/2026	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	Reiterated Rating	Buy
3/3/2026	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	+46.94%
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%
2/24/2026	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	$53.00 ➝ $40.00	+83.40%
2/19/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold ➝ Strong Sell
2/17/2026	Northland Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Greg Gibas Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$24.00	+10.44%
2/17/2026	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	$44.00 ➝ $40.00	+85.54%
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	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	Lower Target	Outperform	$46.00 ➝ $44.00	+100.55%
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%
1/30/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$35.00	+23.74%
1/21/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell (D-)
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 Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
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%
9/10/2024	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	A. Johnson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$35.00	-3.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:23 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, May 1, 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 current stock price is around $23.18, which may present a buying opportunity for investors looking for potential growth.
DraftKings Inc. has a strong market capitalization of approximately $11.64 billion, indicating a solid position in the digital sports entertainment and gaming industry.
Recent insider buying activity, including a significant purchase by a director, suggests confidence in the company's future performance.
The company has a price-to-earnings-growth (PEG) ratio of 0.92, which indicates that the stock may be undervalued relative to its growth potential.
DraftKings Inc. has received a consensus rating of "Moderate Buy" from analysts, with a favorable average price target of around $34.84, suggesting potential upside for investors.

DraftKings
Bear Case

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

The company has a high debt-to-equity ratio of 2.91, indicating that it relies heavily on debt financing, which could pose risks in a rising interest rate environment.
DraftKings Inc. has a negative price-to-earnings (P/E) ratio, which may raise concerns about profitability and the company's ability to generate earnings in the near term.
Insider selling activity has also been noted, with significant shares sold recently, which could signal a lack of confidence among some insiders.
The stock has experienced volatility, with a one-year high of $48.78 and a low of $20.46, indicating potential risks for investors regarding price stability.
Recent target price reductions by analysts, including a drop from $37.50 to $30.00, may reflect concerns about the company's short-term performance and market conditions.

DKNG Forecast - Frequently Asked Questions

: According to the research reports of 37 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $34.84, with a high forecast of $50.00 and a low forecast of $24.00.
: 37 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 and 27 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 45.63% based on their 12-month stock forecasts.
: Over the previous 90 days, DraftKings's stock had 5 downgrades and 4 upgrades by analysts.
: DraftKings has been rated by research analysts at Argus, Bank of America, Barclays, Benchmark, Berenberg Bank, BMO Capital Markets, BTIG Research, Canaccord Genuity Group, Citigroup, Citizens Jmp, Deutsche Bank Aktiengesellschaft, Guggenheim, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Moffett Nathanson, Morgan Stanley, Needham & Company LLC, Northland Securities, Oppenheimer, Raymond James Financial, Roth Mkm, Sanford C. Bernstein, Scotiabank, Stephens, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, Wells Fargo & Company, and Zacks 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.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With DraftKings Recommendations

This page (NASDAQ:DKNG) was last updated on 5/6/2026 by MarketBeat.com Staff.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

DraftKings (DKNG) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

DKNG Analyst Ratings Over Time

DKNG Analyst Recommendations By Month

DKNG Price Targets by Month

DraftKings Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy DraftKings Stock? DKNG Pros and Cons Explained

DraftKings
Bull Case

DraftKings
Bear Case

DKNG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With DraftKings Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

DraftKings (DKNG) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

DKNG Analyst Ratings Over Time

DKNG Analyst Recommendations By Month

DKNG Price Targets by Month

DraftKings Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy DraftKings Stock? DKNG Pros and Cons Explained

DraftKings Bull Case

DraftKings Bear Case

DKNG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With DraftKings Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

DraftKings
Bull Case

DraftKings
Bear Case