DraftKings (DKNG) Stock Forecast & Price Target

$20.48 +0.71 (+3.59%)

Closing price 04:00 PM Eastern

Extended Trading

$20.44 -0.04 (-0.20%)

As of 07:59 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 40 Analyst Ratings

Sell
3

Hold
6

Buy
31

Based on 40 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 40 analysts, 3 have given a sell rating, 6 have given a hold rating, 30 have given a buy rating, and 1 has given a strong buy rating for DKNG.

Consensus Price Target

$33.39
63.02% Upside

According to the 40 analysts' twelve-month price targets for DraftKings, the average price target is $33.39. 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 63.02% from the current price of $20.48.

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 10/20/25 to 10/20/26	1 Month Ago 9/20/25 to 9/20/26	3 Months Ago 7/22/25 to 7/22/26	1 Year Ago 10/20/24 to 10/20/25
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)	30 Buy rating(s)	29 Buy rating(s)	26 Buy rating(s)
Hold	6 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	1 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$33.39	$34.36	$34.37	$53.00
Forecasted Upside	63.02% Upside	57.96% Upside	50.54% Upside	57.74% 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	66.29% Upside	326.22% Upside	17.47% Upside
News Sentiment Rating	Neutral News See Recent DKNG News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/20/2026	JPMorgan Chase & Co. 3 of 5 stars	Daniel Politzer 3 of 5 stars	Lower Target	Overweight	$33.00 ➝ $30.00	+49.07%
10/20/2026	Truist Financial 2 of 5 stars	Barry Jonas 1 of 5 stars	Lower Target	Buy	$29.00 ➝ $26.00	+29.36%
10/19/2026	Wells Fargo & Company 3 of 5 stars	Trey Bowers Not Rated	Boost Target	Overweight	$29.00 ➝ $30.00	+58.73%
10/19/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Ed Young Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$36.00 ➝ $31.00	+64.02%
10/13/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Hold ➝ Strong Sell
10/12/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	James Hardiman Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$32.00 ➝ $28.00	+42.42%
10/8/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Stauff Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Positive	$33.00 ➝ $27.00	+40.99%
10/7/2026	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings	Curry Baker Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$33.00 ➝ $30.00	+51.90%
10/5/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Shaun Kelley Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Neutral ➝ Buy	$27.00	+45.24%
10/1/2026	BTIG Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Clark Lampen Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$30.00 ➝ $25.00	+31.58%
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9/24/2026	Citizens Jmp Subscribe to MarketBeat All Access to unlock brokerage rankings	Jordan Bender Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Market Outperform	$37.00 ➝ $35.00	+64.71%
9/18/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Robin Farley Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$49.00 ➝ $48.00	+116.11%
9/18/2026	Needham & Company LLC Subscribe to MarketBeat All Access to unlock brokerage rankings	Bernie McTernan Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$35.00	+55.76%
9/3/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Ian Moore Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$27.00 ➝ $29.00	+19.79%
9/2/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Supino Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Peer Perform ➝ Outperform	$40.00	+70.65%
8/21/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Sell (D) ➝ Sell (E+)
8/10/2026	Northland Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$28.00	+11.52%
8/10/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Brandt Montour Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$35.00 ➝ $34.00	+41.49%
8/7/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Mike Hickey Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$29.00 ➝ $30.00	+27.56%
7/22/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings	Jeffrey Stantial Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$40.00 ➝ $38.00	+65.38%
7/15/2026	Moffett Nathanson Subscribe to MarketBeat All Access to unlock brokerage rankings	Robert Fishman Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target		$27.00 ➝ $25.00	+12.76%
7/10/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Lance Vitanza Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$30.00 ➝ $35.00	+30.17%
7/9/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings	Carlo Santarelli Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Hold	$26.00 ➝ $28.00	+5.18%
6/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
6/1/2026	New Street Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$29.00	+9.83%
5/20/2026	Freedom Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong-Buy
5/14/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Neutral ➝ Underperform	$20.00	-20.10%
5/12/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Ben Chaiken Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$44.00 ➝ $45.00	+83.60%
4/24/2026	Stephens Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Equal Weight ➝ Overweight
4/24/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Outperform
4/24/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Market Perform ➝ Outperform
4/24/2026	Roth Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Sell ➝ Buy
4/24/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold
4/24/2026	Wedbush Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Neutral ➝ Outperform
3/17/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	John Eade Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Buy ➝ Hold
3/3/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Brian Pitz Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$42.00 ➝ $50.00	+110.12%
2/24/2026	Berenberg Bank Subscribe to MarketBeat All Access to unlock brokerage rankings	Jack Cummins Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$26.40	+18.51%
2/17/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Ben Miller Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$54.00 ➝ $31.00	+37.93%
2/17/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings	Jed Kelly Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$50.00 ➝ $35.00	+60.85%
2/13/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Graham Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$50.00 ➝ $44.00	+74.88%
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1/30/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$35.00	+23.74%
1/8/2026	Texas Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold
11/10/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access to unlock brokerage rankings	Chad Beynon Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$50.00 ➝ $48.00	+54.53%
4/24/2025	TD Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Lance Vitanza Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$60.00 ➝ $55.00	+59.50%
4/14/2025	Cfra Subscribe to MarketBeat All Access to unlock brokerage rankings	Zachary Warring Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Moderate Buy
2/18/2025	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	Matt Farrell Subscribe to MarketBeat All Access to unlock analyst rankings	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 Tuesday at 08:47 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, October 16, 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 trading at $18.90, which is near its 52-week low of $18.35, offering a potential entry point for value investors. This price represents a significant discount to the consensus price target of $33.70, suggesting substantial upside potential if the company stabilizes its operations.
DraftKings Inc. is generating a free cash flow yield of 5.3%, which is higher than the 4.4% median for the S&P 500. This indicates that the company is producing strong cash relative to its market capitalization, providing a cushion for investors despite recent earnings pressures.
The company is aggressively expanding into prediction markets, a high-growth segment that is attracting more bettors. This strategic pivot aims to diversify revenue streams beyond traditional sports betting and capture new consumer interest in event-based wagering.
DraftKings Inc. maintains a strong brand presence and customer acquisition capability, as evidenced by a 15% increase in sports consumer volume to $13.1 billion in the second quarter of 2026. This growth in user engagement suggests a solid foundation for future revenue recovery.
The company has a high CEO approval rating of 0.99 out of 1.0, indicating strong internal confidence and leadership stability. This can be a positive signal for investors looking for consistent management execution during periods of market volatility.

DraftKings
Bear Case

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

Zacks Research recently downgraded DraftKings Inc. from a "hold" to a "strong sell" rating, reflecting concerns about rising marketing costs and declining profitability. This negative analyst sentiment may weigh on the stock price in the near term.
The company is facing significant earnings pressure due to increased spending on prediction markets, with Jefferies cutting its 2026 adjusted earnings forecast by 15%. This suggests that near-term profitability will be squeezed as the company invests heavily in new business lines.
DraftKings Inc. reported a negative net margin of 2.68% and a negative return on equity of 11.26% in the most recent quarter, indicating that the company is not yet profitable on a net basis. This lack of profitability may deter risk-averse investors.
The stock has experienced a 22% decline in the past month, reflecting broader market concerns about the company's financial health and competitive position. This downward trend may continue if the company fails to demonstrate improved revenue growth and cost control.
DraftKings Inc. has a high debt-to-equity ratio of 3.22, which increases financial risk. This leverage could limit the company's flexibility to invest in growth initiatives or weather economic downturns, especially if interest rates remain elevated.

DKNG Forecast - Frequently Asked Questions

According to the research reports of 40 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $33.39, with a high forecast of $50.00 and a low forecast of $20.00.

40 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 3 sell ratings, 6 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 63.02% based on their 12-month stock forecasts.

Over the previous 90 days, DraftKings's stock had 2 downgrades and 1 upgrade by analysts.

DraftKings has been rated by research analysts at Bank of America, Barclays, Benchmark, BTIG Research, Citigroup, Citizens Jmp, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Northland Securities, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, Truist Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, Wolfe Research, 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.

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MarketBeat monitors more than a dozen sources for DraftKings analyst ratings, with the most recent rating issued on 10/20/2026.

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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

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Today's Analyst Ratings

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Brokerages With DraftKings Recommendations

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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

What is DraftKings' forecast for 2026?

Should I buy or sell DraftKings stock right now?

Does DraftKings's stock price have much upside?

Has DraftKings been upgraded or downgraded by Wall Street analysts recently?

What analysts cover DraftKings?

Do Wall Street analysts like DraftKings more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

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Brokerages With DraftKings Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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DraftKings
Bull Case

DraftKings
Bear Case