DraftKings (DKNG) Stock Forecast & Price Target

$18.76 -0.96 (-4.87%)

As of 03:13 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 40 Analyst Ratings

Sell
2

Hold
7

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, 2 have given a sell rating, 7 have given a hold rating, 30 have given a buy rating, and 1 has given a strong buy rating for DKNG.

Consensus Price Target

$33.70
79.65% Upside

According to the 40 analysts' twelve-month price targets for DraftKings, the average price target is $33.70. 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 79.65% from the current price of $18.76.

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 10/14/25 to 10/14/26	1 Month Ago 9/14/25 to 9/14/26	3 Months Ago 7/16/25 to 7/16/26	1 Year Ago 10/14/24 to 10/14/25
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	7 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	1 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$33.70	$34.39	$34.50	$53.17
Forecasted Upside	79.65% Upside	38.38% Upside	38.88% Upside	54.75% 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	2.75	2.20	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	70.89% Upside	248.00% Upside	19.09% Upside
News Sentiment Rating	Neutral News See Recent DKNG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/12/2026	Citigroup 4 of 5 stars	James Hardiman 2 of 5 stars	Lower Target	Buy	$32.00 ➝ $28.00	+42.42%
10/8/2026	Susquehanna 4 of 5 stars	Joseph Stauff 4 of 5 stars	Lower Target	Positive	$33.00 ➝ $27.00	+40.99%
10/7/2026	Guggenheim 5 of 5 stars	Curry Baker 4 of 5 stars	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%
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%
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8/21/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Sell (D) ➝ Sell (E+)
8/10/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Barry Jonas Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$29.00	+15.51%
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%
8/10/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Daniel Politzer Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$34.00 ➝ $33.00	+35.72%
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%
7/23/2026	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	$39.00 ➝ $36.00	+62.38%
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%
7/20/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Trey Bowers Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$32.00 ➝ $29.00	+16.28%
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	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
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 Wednesday at 03:14 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, October 8, 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.:

Bank of America recently upgraded DraftKings Inc. from Neutral to Buy, arguing that Wall Street estimates for the company are bottoming and that the stock offers an attractive risk-reward profile after a significant decline over the past year.
The company launched its CFTC-regulated DKeX prediction market exchange, a strategic pivot targeting up to $800 million in revenue by 2027, which analysts believe could become a win-win for the business as it establishes itself as a major player in this emerging sector.
DraftKings Inc. is currently trading at $19.87, a price point that is near its 52-week low of $18.52, suggesting the stock may be undervalued relative to its consensus price target of approximately $34.14.
The company's iGaming business is showing signs of recovery, with market share stabilizing, customer acquisition improving, and new products gaining traction, which could help offset challenges in other segments.
Recent earnings data indicates strong performance in specific quarters, such as the February 2026 report where revenue grew 42.8% year-over-year, demonstrating the company's ability to drive significant growth when market conditions align.

DraftKings
Bear Case

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

The proliferation of prediction markets is throttling growth at DraftKings Inc., as competitors like FanDuel have outpaced the company in recent NFL football weeks, raising concerns about market share erosion in its core sportsbook business.
Recent financial results show a decline in revenue, with the August 2026 earnings report showing a 4.6% year-over-year revenue decrease, indicating that the company is facing headwinds in its top-line growth.
Insider selling has been a persistent trend, with multiple directors and insiders, including R. Stanton Dodge and Paul Liberman, selling significant blocks of shares in the first half of 2026, which may signal a lack of confidence in the near-term outlook.
The stock has experienced a significant decline, dropping 19% in a single month and 47% over the past year, reflecting sustained investor skepticism and a challenging trading environment for the company.
Short interest remains elevated, with approximately 37.7 million shares shorted as of September 2026, representing about 14.4% of the float, which suggests that a substantial portion of the market is betting against the stock's performance.

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 $33.70, with a high forecast of $50.00 and a low forecast of $20.00.

40 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 2 sell ratings, 7 hold ratings, 30 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DKNG shares.

According to analysts, DraftKings's stock has a predicted upside of 79.65% based on their 12-month stock forecasts.

Over the previous 90 days, DraftKings's stock had 1 upgrade and 1 downgrade 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, and Wolfe 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 10/12/2026.

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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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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?

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Brokerages With DraftKings Recommendations

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DraftKings
Bull Case

DraftKings
Bear Case