Consensus Rating1
Buy
Highest Price Target1
$62.00
Lowest Price Target1
$28.00
Consensus Price Target1
$50.41

DraftKings (NASDAQ:DKNG) Stock, Analyst Ratings, Price Targets, Forecasts

DraftKings Inc has a consensus price target of $50.41 based on the ratings of 27 analysts. The high is $62 issued by Mizuho on October 18, 2024. The low is $28 issued by Exane BNP Paribas on January 19, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Macquarie, and Barclays on November 12, 2024, November 11, 2024, and November 11, 2024, respectively. With an average price target of $52 between TD Cowen, Macquarie, and Barclays, there's an implied 18.13% upside for DraftKings Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
7
Jul
16
Aug
7
Sep
6
Oct
5
Nov
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.9
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

TD Cowen
Macquarie
Barclays
JMP Securities
Needham

1calculated from analyst ratings

Analyst Ratings for DraftKings

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for DraftKings (DKNG) stock?

A

The latest price target for DraftKings (NASDAQ:DKNG) was reported by TD Cowen on November 12, 2024. The analyst firm set a price target for $55.00 expecting DKNG to rise to within 12 months (a possible 24.94% upside). 94 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for DraftKings (DKNG)?

A

The latest analyst rating for DraftKings (NASDAQ:DKNG) was provided by TD Cowen, and DraftKings maintained their buy rating.

Q

When was the last upgrade for DraftKings (DKNG)?

A

The last upgrade for DraftKings Inc happened on February 23, 2024 when Barclays raised their price target to $50. Barclays previously had an equal-weight for DraftKings Inc.

Q

When was the last downgrade for DraftKings (DKNG)?

A

The last downgrade for DraftKings Inc happened on January 19, 2024 when Exane BNP Paribas changed their price target from N/A to $28 for DraftKings Inc.

Q

When is the next analyst rating going to be posted or updated for DraftKings (DKNG)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of DraftKings, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for DraftKings was filed on November 12, 2024 so you should expect the next rating to be made available sometime around November 12, 2025.

Q

Is the Analyst Rating DraftKings (DKNG) correct?

A

While ratings are subjective and will change, the latest DraftKings (DKNG) rating was a maintained with a price target of $50.00 to $55.00. The current price DraftKings (DKNG) is trading at is $44.02, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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