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DraftKings

DKNGNASDAQ
Logo brought to you by Benzinga Data
$36.37
1.123.18%
At Close: -
$36.40
0.030.08%
After Hours: Aug 23, 7:42 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$60.00
Lowest Price Target1
$23.00
Consensus Price Target1
$48.29

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

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.

Analyst Trends and Forecast
2
Apr
3
May
1
Jun
3
Jul
6
Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.8
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Benchmark
Needham
Truist Securities
Morgan Stanley
Barclays

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 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.

Q

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

A

The latest analyst rating for DraftKings (NASDAQ:DKNG) was provided by Benchmark, 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 August 20, 2024 so you should expect the next rating to be made available sometime around August 20, 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 $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.

Browse analyst ratings and price targets on all stocks.

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