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DraftKings (DKNG) Stock Forecast & Price Target

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$35.49 -0.11 (-0.31%)
Closing price 05/30/2025 04:00 PM Eastern
Extended Trading
$35.78 +0.28 (+0.80%)
As of 05/30/2025 07:55 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
26

Based on 27 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 27 analysts, 1 has given a hold rating, and 26 have given a buy rating for DKNG.

Consensus Price Target

$54.96
54.87% Upside
According to the 27 analysts' twelve-month price targets for DraftKings, the average price target is $54.96. 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 54.87% from the current price of $35.49.
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DKNG Analyst Ratings Over Time

TypeCurrent Forecast
5/31/24 to 5/31/25
1 Month Ago
5/1/24 to 5/1/25
3 Months Ago
3/2/24 to 3/2/25
1 Year Ago
6/1/23 to 5/31/24
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)
26 Buy rating(s)
25 Buy rating(s)
25 Buy rating(s)
Hold
1 Hold rating(s)
3 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$54.96$54.48$54.44$49.24
Forecasted Upside54.87% Upside63.81% Upside24.13% Upside40.17% 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
2.93
2.59
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside54.87% Upside96.76% Upside15.20% Upside
News Sentiment Rating
Positive News

See Recent DKNG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/30/2025Morgan Stanley
3 of 5 stars
Stephen Grambling
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Lower TargetOverweight ➝ Overweight$53.00 ➝ $51.00+43.99%
5/12/2025Susquehanna
2 of 5 stars
Joseph Stauff
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Boost TargetPositive ➝ Positive$42.00 ➝ $52.00+37.24%
5/12/2025Macquarie
1 of 5 stars
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%
4/25/2025Citigroup
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Jason Bazinet
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Lower TargetBuy ➝ Buy$65.00 ➝ $55.00+62.77%
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
4/13/2025Jefferies Financial Group
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David Katz
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Set TargetBuy ➝ Buy$60.00+79.91%
4/2/2025JMP Securities
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Jordan Bender
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Set Target$57.00+86.27%
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 05:01 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 Wednesday, May 28, 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 $35.08, which may present a buying opportunity for investors looking to enter at a lower price point.
  • DraftKings Inc. has a strong market presence in digital sports entertainment and gaming, which is a rapidly growing industry.
  • Analysts have given the stock a consensus rating of "Moderate Buy," indicating positive sentiment and potential for price appreciation.
  • Insiders own over 51% of the company's stock, suggesting confidence in the company's future performance and stability.
  • Recent analyst upgrades have set target prices as high as $65.00, indicating significant upside potential from the current trading levels.

DraftKings
Bear Case

red Wall Street bear icon

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

  • The company has a negative price-to-earnings (P/E) ratio, which indicates that it is currently not profitable, raising concerns about its financial health.
  • DraftKings Inc. has a relatively high debt-to-equity ratio, suggesting that it relies heavily on debt financing, which can be risky in volatile markets.
  • Insider selling has been significant, with over 1.2 million shares sold recently, which may signal a lack of confidence among company executives.
  • The stock has experienced fluctuations, with a 52-week high of $53.61 and a low of $28.69, indicating potential volatility that could deter risk-averse investors.
  • Market conditions and regulatory changes in the gaming industry could impact future growth and profitability, adding uncertainty to the investment outlook.

DKNG Forecast - Frequently Asked Questions

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for DraftKings is $54.96, with a high forecast of $65.00 and a low forecast of $35.00.

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There is currently 1 hold rating and 26 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 54.87% 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 2.59. Learn more on how DKNG compares to other companies.


This page (NASDAQ:DKNG) was last updated on 5/31/2025 by MarketBeat.com Staff
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