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DraftKings (DKNG) Stock Forecast & Price Target

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$40.51 +0.91 (+2.30%)
Closing price 06/20/2025 04:00 PM Eastern
Extended Trading
$40.50 -0.01 (-0.02%)
As of 06/20/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

DraftKings - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
0
Hold
1
Buy
27

Based on 28 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 28 analysts, 1 has given a hold rating, and 27 have given a buy rating for DKNG.

Consensus Price Target

$54.41
34.32% Upside
According to the 28 analysts' twelve-month price targets for DraftKings, the average price target is $54.41. The highest price target for DKNG is $65.00, while the lowest price target for DKNG is $35.00. The average price target represents a forecasted upside of 34.32% from the current price of $40.51.
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DKNG Analyst Ratings Over Time

TypeCurrent Forecast
6/21/24 to 6/21/25
1 Month Ago
5/22/24 to 5/22/25
3 Months Ago
3/23/24 to 3/23/25
1 Year Ago
6/22/23 to 6/21/24
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)
26 Buy rating(s)
25 Buy rating(s)
25 Buy rating(s)
Hold
1 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$54.41$55.04$54.44$49.00
Forecasted Upside34.32% Upside57.83% Upside37.87% Upside16.69% 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.
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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
2.96
2.61
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside34.32% Upside119.37% Upside14.88% Upside
News Sentiment Rating
Positive News

See Recent DKNG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/13/2025Jefferies Financial Group
2 of 5 stars
 Reiterated RatingBuy ➝ Buy
6/13/2025Citigroup
3 of 5 stars
 Reiterated RatingBuy ➝ Buy
6/5/2025JMP Securities
2 of 5 stars
Jordan Bender
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Lower TargetMarket Outperform ➝ Market Outperform$54.00 ➝ $50.00+43.51%
6/4/2025Sanford C. Bernstein
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I. Moore
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Initiated CoverageOutperform$46.00+34.03%
5/30/2025Morgan Stanley
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Stephen Grambling
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Lower TargetOverweight ➝ Overweight$53.00 ➝ $51.00+43.99%
5/12/2025Susquehanna
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Joseph Stauff
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Boost TargetPositive ➝ Positive$42.00 ➝ $52.00+37.24%
5/12/2025Macquarie
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Chad Beynon
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Lower TargetOutperform ➝ Outperform$55.00 ➝ $53.00+40.01%
5/12/2025Mizuho
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Ben Chaiken
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Lower TargetOutperform ➝ Outperform$59.00 ➝ $58.00+53.87%
5/12/2025Barclays
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Brandt Montour
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Lower TargetOverweight ➝ Overweight$50.00 ➝ $48.00+27.58%
5/12/2025Guggenheim
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Curry Baker
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Lower TargetBuy ➝ Buy$61.00 ➝ $60.00+56.70%
5/9/2025Bank of America
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Shaun Kelley
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Lower TargetBuy ➝ Buy$60.00 ➝ $50.00+35.63%
5/9/2025Needham & Company LLC
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Bernie McTernan
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Reiterated RatingBuy ➝ Buy$65.00 ➝ $65.00+83.88%
4/25/2025Northland Securities
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 Set Target$50.00+50.24%
4/24/2025BMO Capital Markets
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Brian Pitz
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Reiterated RatingOutperform ➝ Outperform$65.00+89.47%
4/24/2025Cowen
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 Reiterated RatingBuy ➝ Buy
4/24/2025TD Securities
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Lance Vitanza
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Lower TargetBuy ➝ Buy$60.00 ➝ $55.00+59.50%
4/23/2025Truist Financial
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Barry Jonas
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Lower TargetBuy ➝ Buy$60.00 ➝ $50.00+45.48%
4/22/2025Stifel Nicolaus
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Jeffrey Stantial
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Lower TargetBuy ➝ Buy$57.00 ➝ $53.00+58.74%
4/22/2025BTIG Research
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Clark Lampen
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Lower TargetBuy ➝ Buy$64.00 ➝ $52.00+60.30%
4/14/2025Cfra Research
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Z. Warring
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UpgradeModerate Buy
3/10/2025Benchmark
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Mike Hickey
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Boost TargetBuy ➝ Buy$44.00 ➝ $51.00+38.72%
2/18/2025Argus
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John Staszak
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Set Target$60.00+31.67%
2/18/2025JPMorgan Chase & Co.
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Joseph Greff
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Boost TargetOverweight ➝ Overweight$53.00 ➝ $61.00+18.33%
2/18/2025Piper Sandler
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Matt Farrell
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Reiterated RatingOverweight ➝ Overweight$48.00 ➝ $60.00+13.59%
2/18/2025Wells Fargo & Company
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Daniel Politzer
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Boost TargetOverweight ➝ Overweight$53.00 ➝ $60.00+13.59%
2/14/2025Canaccord Genuity Group
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Michael Graham
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Boost TargetBuy ➝ Buy$54.00 ➝ $60.00+29.17%
2/4/2025TD Cowen
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Lance Vitanza
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Lower TargetBuy ➝ Buy$55.00 ➝ $51.00+23.81%
9/10/2024BNP Paribas
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A. Johnson
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UpgradeUnderperform ➝ Neutral$35.00-3.07%
9/4/2024UBS Group
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 Boost TargetBuy ➝ Buy$56.00 ➝ $58.00+68.31%
8/5/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$58.00 ➝ $55.00+72.58%
8/5/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$60.00 ➝ $54.00+68.64%
5/31/2024Berenberg Bank
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J. Cummings
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UpgradeHold
5/6/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$34.00 ➝ $35.00-19.65%
3/28/2024Moffett Nathanson
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 Boost TargetBuy ➝ Buy$52.00 ➝ $55.00+21.28%
2/15/2024Bank Of America (Bofa)
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 Boost Target$45.00 ➝ $50.00+12.21%
11/15/2023Craig Hallum
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 Boost TargetBuy ➝ Buy$40.00 ➝ $45.00+21.92%
8/7/2023Roth Mkm
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 Boost TargetSell ➝ Sell$20.00 ➝ $23.00-27.28%
6/27/2023VNET Group
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 Reiterated RatingReiterates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:11 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 Thursday, June 19, 2025. Please send any questions or comments about these DraftKings pros and cons to contact@marketbeat.com.

DraftKings
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in DraftKings Inc.:

  • The current stock price is around $36, reflecting a significant interest in the company's growth potential in the digital sports entertainment sector.
  • DraftKings Inc. has seen substantial insider buying, indicating confidence from executives about the company's future performance.
  • Institutional investors have increased their holdings, with notable firms like Vanguard and FMR LLC significantly boosting their investments, suggesting strong institutional confidence.
  • Analysts have a consensus rating of "Moderate Buy" with a target price averaging around $54.41, indicating potential for price appreciation.
  • DraftKings Inc. operates in a rapidly growing market for online sports betting and gaming, which is expected to expand as regulations evolve and more states legalize these activities.

DraftKings
Bear Case

red Wall Street bear icon

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

  • Insider selling has been notable, with significant shares sold recently, which may raise concerns about the executives' confidence in the company's short-term performance.
  • The company has experienced fluctuations in stock price, which can indicate volatility and uncertainty in the market.
  • Despite growth, DraftKings Inc. faces intense competition in the online gaming space, which could impact its market share and profitability.
  • High operational costs associated with marketing and customer acquisition may affect profitability in the near term.
  • Regulatory challenges in various states could pose risks to the company's expansion plans and overall business model.

DKNG Forecast - Frequently Asked Questions

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $54.41, with a high forecast of $65.00 and a low forecast of $35.00.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There is currently 1 hold rating and 27 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DKNG shares.

According to analysts, DraftKings's stock has a predicted upside of 34.32% based on their 12-month stock forecasts.

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

Analysts like DraftKings more than other "consumer discretionary" companies. The consensus rating score for DraftKings is 2.96 while the average consensus rating score for "consumer discretionary" companies is 2.61. Learn more on how DKNG compares to other companies.


This page (NASDAQ:DKNG) was last updated on 6/21/2025 by MarketBeat.com Staff
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