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DraftKings Inc has a consensus price target of $48.29 based on the ratings of 28 analysts. The high is $60 issued by Needham on August 19, 2024. The low is $23 issued by Roth MKM on August 7, 2023. The 3 most-recent analyst ratings were released by Benchmark, Needham, and Truist Securities on August 20, 2024, August 19, 2024, and August 14, 2024, respectively. With an average price target of $51.33 between Benchmark, Needham, and Truist Securities, there's an implied 41.03% upside for DraftKings Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for DraftKings (NASDAQ:DKNG) was reported by Benchmark on August 20, 2024. The analyst firm set a price target for $44.00 expecting DKNG to rise to within 12 months (a possible 20.88% upside). 94 analyst firms have reported ratings in the last year.
The latest analyst rating for DraftKings (NASDAQ:DKNG) was provided by Benchmark, and DraftKings maintained their buy rating.
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.
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.
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 August 20, 2024 so you should expect the next rating to be made available sometime around August 20, 2025.
While ratings are subjective and will change, the latest DraftKings (DKNG) rating was a maintained with a price target of $41.00 to $44.00. The current price DraftKings (DKNG) is trading at is $36.40, which is out of the analyst’s predicted range.
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