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DraftKings (DKNG) Stock Forecast & Price Target

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$45.20 -0.16 (-0.35%)
Closing price 08/7/2025 04:00 PM Eastern
Extended Trading
$45.24 +0.04 (+0.09%)
As of 08/7/2025 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
25

Based on 26 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 26 analysts, 1 has given a hold rating, and 25 have given a buy rating for DKNG.

Consensus Price Target

$54.48
20.53% Upside
According to the 26 analysts' twelve-month price targets for DraftKings, the average price target is $54.48. 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 20.53% from the current price of $45.20.
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DKNG Analyst Ratings Over Time

TypeCurrent Forecast
8/8/24 to 8/8/25
1 Month Ago
7/9/24 to 7/9/25
3 Months Ago
5/10/24 to 5/10/25
1 Year Ago
8/9/23 to 8/8/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
25 Buy rating(s)
27 Buy rating(s)
26 Buy rating(s)
25 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$54.48$53.90$55.18$49.25
Forecasted Upside20.53% Upside25.93% Upside52.17% Upside61.26% 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 Upside20.53% Upside116.79% Upside14.05% Upside
News Sentiment Rating
Positive News

See Recent DKNG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/7/2025Benchmark
3 of 5 stars
Mike Hickey
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Boost TargetBuy ➝ Buy$50.00 ➝ $53.00+16.84%
7/25/2025Susquehanna
2 of 5 stars
Joseph Stauff
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Boost TargetPositive ➝ Positive$52.00 ➝ $60.00+35.38%
7/18/2025Barclays
3 of 5 stars
Brandt Montour
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Set TargetOverweight ➝ Overweight$48.00 ➝ $51.00+16.07%
7/16/2025Stifel Nicolaus
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Jeffrey Stantial
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Lower TargetBuy ➝ Buy$53.00 ➝ $51.00+17.73%
7/16/2025Truist Financial
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Barry Jonas
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Boost TargetBuy ➝ Buy$50.00 ➝ $55.00+26.33%
7/11/2025Citigroup
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 Reiterated RatingBuy ➝ Buy
7/11/2025Morgan Stanley
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Stephen Grambling
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Reiterated RatingOverweight ➝ Overweight$51.00 ➝ $52.00+20.28%
7/3/2025Jefferies Financial Group
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David Katz
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Lower TargetBuy ➝ Buy$60.00 ➝ $53.00+28.27%
6/23/2025JPMorgan Chase & Co.
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Daniel Politzer
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Initiated CoverageOverweight$50.00+23.43%
6/5/2025JMP Securities
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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%
5/12/2025Macquarie
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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%
5/12/2025Guggenheim
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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%
4/22/2025BTIG 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
2/18/2025Argus
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John Staszak
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Set Target$60.00+31.67%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:44 AM 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 Tuesday, August 5, 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 $43.73, which may present a buying opportunity for investors looking for growth in the digital sports entertainment sector.
  • DraftKings Inc. has received multiple "buy" ratings from analysts, indicating strong market confidence in its future performance.
  • The company has a significant market capitalization of approximately $38.89 billion, suggesting it is a major player in the online sports betting and gaming industry.
  • Recent insider trading activity shows that executives are actively managing their shares, which can indicate confidence in the company's future prospects.
  • DraftKings Inc. operates in a rapidly growing market, providing online sports betting and casino services, which are increasingly popular among consumers.

DraftKings
Bear Case

red Wall Street bear icon

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

  • The company has a high debt-to-equity ratio of 2.11, which indicates that it relies heavily on debt financing, potentially increasing financial risk.
  • DraftKings Inc. has a negative price-to-earnings ratio of -52.69, suggesting that it is currently not profitable, which can be a red flag for investors.
  • Insider sales have totaled over 589,000 shares in the last 90 days, which may raise concerns about the confidence of executives in the company's future performance.
  • The stock has experienced volatility, with a 1-year low of $28.69 and a high of $53.61, indicating potential risks associated with price fluctuations.
  • Analysts have varying price targets, with some lowering their expectations, which could signal uncertainty about the company's growth trajectory.

DKNG Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $54.48, with a high forecast of $65.00 and a low forecast of $35.00.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last year. There is currently 1 hold rating and 25 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 20.53% based on their 12-month stock forecasts.

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 8/8/2025 by MarketBeat.com Staff
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