Ratings for DraftKings DKNG were provided by 19 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 10 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 8 | 6 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $56.26, a high estimate of $65.00, and a low estimate of $44.00. This upward trend is evident, with the current average reflecting a 8.74% increase from the previous average price target of $51.74.
Exploring Analyst Ratings: An In-Depth Overview
A comprehensive examination of how financial experts perceive DraftKings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephen Grambling | Morgan Stanley | Raises | Overweight | $53.00 | $49.00 |
| Joseph Greff | JP Morgan | Raises | Overweight | $61.00 | $53.00 |
| Jordan Bender | JMP Securities | Raises | Market Outperform | $60.00 | $50.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $60.00 | $53.00 |
| Matt Farrell | Piper Sandler | Raises | Overweight | $60.00 | $48.00 |
| Brandt Montour | Barclays | Raises | Overweight | $60.00 | $50.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $60.00 | $50.00 |
| Jeffrey Stantial | Stifel | Raises | Buy | $57.00 | $48.00 |
| Bernie McTernan | Needham | Raises | Buy | $65.00 | $60.00 |
| Mike Hickey | Benchmark | Raises | Buy | $51.00 | $44.00 |
| Jordan Bender | JMP Securities | Maintains | Market Outperform | $50.00 | $50.00 |
| Michael Graham | Canaccord Genuity | Raises | Buy | $60.00 | $54.00 |
| Bernie McTernan | Needham | Maintains | Buy | $60.00 | $60.00 |
| Bernie McTernan | Needham | Maintains | Buy | $60.00 | $60.00 |
| Lance Vitanza | TD Cowen | Lowers | Buy | $51.00 | $55.00 |
| Joseph Stauff | Susquehanna | Lowers | Positive | $54.00 | $56.00 |
| Mike Hickey | Benchmark | Maintains | Buy | $44.00 | $44.00 |
| Jordan Bender | JMP Securities | Lowers | Market Outperform | $50.00 | $52.00 |
| Joseph Greff | JP Morgan | Raises | Overweight | $53.00 | $47.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to DraftKings. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of DraftKings compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for DraftKings's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into DraftKings's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on DraftKings analyst ratings.
All You Need to Know About DraftKings
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Unraveling the Financial Story of DraftKings
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: DraftKings displayed positive results in 3 months. As of 31 December, 2024, the company achieved a solid revenue growth rate of approximately 13.15%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: DraftKings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -9.68%, the company may face hurdles in effective cost management.
Return on Equity (ROE): DraftKings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -12.92%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): DraftKings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.15%, the company may face hurdles in achieving optimal financial returns.
Debt Management: DraftKings's debt-to-equity ratio is below the industry average at 1.32, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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