DraftKings (DKNG) Stock Forecast & Price Target

$34.13 -0.12 (-0.35%)

Closing price 05/5/2025 04:00 PM Eastern

Extended Trading

$33.82 -0.32 (-0.92%)

As of 05:12 AM Eastern

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

Moderate Buy

Based on 28 Analyst Ratings

Sell
0

Hold
2

Buy
26

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, 2 have given a hold rating, and 26 have given a buy rating for DKNG.

Consensus Price Target

$55.18
61.67% Upside

According to the 28 analysts' twelve-month price targets for DraftKings, the average price target is $55.18. 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 61.67% from the current price of $34.13.

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DKNG Analyst Ratings Over Time

Type	Current Forecast 5/6/24 to 5/6/25	1 Month Ago 4/6/24 to 4/6/25	3 Months Ago 2/6/24 to 2/5/25	1 Year Ago 5/7/23 to 5/6/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	26 Buy rating(s)	25 Buy rating(s)	24 Buy rating(s)	25 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$55.18	$54.69	$51.08	$49.07
Forecasted Upside	61.67% Upside	72.69% Upside	20.92% Upside	11.34% 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	2.90	2.59	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	59.63% Upside	128.70% Upside	18.10% 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 to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/28/2025	Mizuho 3 of 5 stars	Ben Chaiken Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$62.00 ➝ $59.00	+74.61%
4/25/2025	Northland Securities 4 of 5 stars		Set Target		$50.00	+50.24%
4/25/2025	Citigroup 2 of 5 stars	Jason Bazinet Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$65.00 ➝ $55.00	+62.77%
4/24/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Pitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$65.00	+89.47%
4/24/2025	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
4/24/2025	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lance Vitanza Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$60.00 ➝ $55.00	+59.50%
4/23/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Barry Jonas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$60.00 ➝ $50.00	+45.48%
4/22/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brandt Montour Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$60.00 ➝ $50.00	+50.30%
4/22/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jeffrey Stantial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$57.00 ➝ $53.00	+58.74%
4/22/2025	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Clark Lampen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$64.00 ➝ $52.00	+60.30%
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4/14/2025	Cfra Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Warring Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
4/13/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Katz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy ➝ Buy	$60.00	+79.91%
4/10/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Curry Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$62.00 ➝ $61.00	+70.20%
4/7/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bernie McTernan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$65.00 ➝ $65.00	+105.24%
4/2/2025	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jordan Bender Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$57.00	+86.27%
3/10/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mike Hickey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$44.00 ➝ $51.00	+38.72%
2/24/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Stephen Grambling Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$49.00 ➝ $53.00	+16.43%
2/18/2025	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Staszak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$60.00	+31.67%
2/18/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Greff Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$53.00 ➝ $61.00	+18.33%
2/18/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matt Farrell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$48.00 ➝ $60.00	+13.59%
2/18/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Daniel Politzer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$53.00 ➝ $60.00	+13.59%
2/14/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Graham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$54.00 ➝ $60.00	+29.17%
2/4/2025	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lance Vitanza Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$55.00 ➝ $51.00	+23.81%
1/8/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$56.00 ➝ $54.00	+39.79%
11/11/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Beynon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$50.00 ➝ $51.00	+20.48%
9/10/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Johnson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$35.00	-3.07%
9/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$56.00 ➝ $58.00	+68.31%
8/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$58.00 ➝ $55.00	+72.58%
8/5/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$60.00 ➝ $54.00	+68.64%
7/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$54.00 ➝ $50.00	+37.44%
5/31/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Cummings Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$34.00 ➝ $35.00	-19.65%
3/28/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$52.00 ➝ $55.00	+21.28%
2/15/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$45.00 ➝ $50.00	+12.21%
11/15/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $45.00	+21.92%
8/7/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$20.00 ➝ $23.00	-27.28%
6/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:12 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 Sunday, May 4, 2025. 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 $36, which is significantly lower than its twelve-month high of $53.61, potentially offering a buying opportunity for investors looking for value.
DraftKings Inc. has a market capitalization of approximately $30.24 billion, indicating a strong presence in the digital sports entertainment and gaming industry, which could lead to future growth.
The company has shown resilience with a relatively high trading volume, indicating strong investor interest and liquidity in the stock.
DraftKings Inc. operates in a rapidly growing market, providing online sports betting and casino services, which are increasingly popular among consumers.
Analysts predict that DraftKings Inc. will post positive earnings per share (EPS) of 0.64 for the current year, suggesting potential profitability ahead.

DraftKings
Bear Case

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

The company reported a negative earnings per share (EPS) of ($0.28) for the last quarter, missing the consensus estimate, which raises concerns about its current profitability.
DraftKings Inc. has a high price-to-earnings (P/E) ratio of -32.31, indicating that the stock may be overvalued relative to its earnings, which could deter value-focused investors.
Insider selling has been significant, with over 2.6 million shares sold in the last ninety days, which may signal a lack of confidence from those closest to the company.
The company has a negative return on equity of 48.13%, suggesting that it is not effectively generating profits from its equity, which could be a red flag for potential investors.
DraftKings Inc. has a debt-to-equity ratio of 1.24, indicating that it relies on debt to finance its operations, which could pose risks if market conditions change.

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 $55.18, 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 are currently 2 hold ratings and 26 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 61.67% based on their 12-month stock forecasts.
: Over the previous 90 days, DraftKings's stock had 1 upgrade by analysts.
: DraftKings has been rated by research analysts at Argus, Barclays, Benchmark, BMO Capital Markets, BTIG Research, Canaccord Genuity Group, Cfra Research, Citigroup, Cowen, Guggenheim, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Northland Securities, Piper Sandler, Stifel Nicolaus, TD Securities, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like DraftKings more than other "consumer discretionary" companies. The consensus rating score for DraftKings is 2.93 while the average consensus rating score for "consumer discretionary" companies is 2.59. Learn more on how DKNG compares to other companies.

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This page (NASDAQ:DKNG) was last updated on 5/6/2025 by MarketBeat.com Staff

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DraftKings (DKNG) Stock Forecast & Price Target