NASDAQ:DKNG

DraftKings (DKNG) Price Target & Analyst Ratings

$28.26

-3.45 (-10.88%)

(As of 08/9/2023 ET)

Compare

Today's Range: $28.13
▼
$30.14
50-Day Range: $24.43
▼
$32.38
52-Week Range: $10.69
▼
$34.49

Volume: 35.73 million shs
Average Volume: 12.56 million shs
Market Capitalization: $24.16 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $31.90

DraftKings Consensus Rating and Price Target (2023)

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.

Consensus Analyst Rating

Moderate Buy
Based on 30 Analyst Ratings

Consensus Analyst Price Target

$31.90
12.89% Upside

High Prediction	$44.00
Average Prediction	$31.90
Low Prediction	$15.00

Type	Current 8/10/22 to 8/10/23	1 Month Ago 7/11/22 to 7/11/23	3 Months Ago 5/12/22 to 5/12/23	1 Year Ago 8/10/21 to 8/10/22
Consensus Rating	Moderate Buy	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	15 Buy rating(s)	16 Buy rating(s)	9 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	11 Hold rating(s)
Sell	4 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$31.90	$25.80	$24.14	$29.05
Predicted Upside	12.89% Upside	30.06% Upside	26.85% Upside	37.41% Upside

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DKNG Analyst Ratings 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	S&P 500
Consensus Rating Score	2.53	2.53	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	12.89% Upside	285.29% Upside	636.80% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/9/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$30.00 ➝ $41.00	+29.30%
8/9/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$26.00	-18.01%
8/8/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$32.00 ➝ $35.00	+7.43%
8/8/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$31.00 ➝ $44.00	+39.11%
8/7/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$20.00 ➝ $23.00	-27.28%
8/7/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$35.00 ➝ $37.00	+18.59%
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8/7/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$24.00 ➝ $27.00	-13.96%
8/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$29.00 ➝ $30.00	-3.69%
8/7/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$36.00 ➝ $40.00	+28.41%
8/7/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$39.00 ➝ $40.00	+26.02%
8/7/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$33.00 ➝ $39.00	+22.87%
8/7/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$28.00 ➝ $37.00	+16.57%
8/6/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$38.00 ➝ $42.00	+32.33%
8/4/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$35.00 ➝ $40.00	+23.15%
8/4/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$34.00 ➝ $39.00	+20.07%
8/4/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$36.00	+20.04%
8/4/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$32.00 ➝ $37.00	+23.37%
8/3/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$25.00 ➝ $32.00	+5.82%
7/14/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$30.00 ➝ $35.00	+12.22%
7/12/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$25.00 ➝ $35.00	+20.86%
6/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
5/22/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$19.00 ➝ $30.00	+24.43%
5/8/2023	SpectralCast Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/8/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$27.00 ➝ $32.00	+30.24%
4/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$17.00	-8.26%
3/7/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$22.00	+14.64%
2/21/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$28.00 ➝ $30.00	+45.14%
2/9/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Engel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$15.00	-15.11%
2/9/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$15.00	-15.11%
11/2/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$50.00 ➝ $35.00	+106.00%
10/12/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$19.00	+38.89%
10/6/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform
9/6/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive	$20.00 ➝ $24.00	+54.94%

(Data available from 8/10/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

DKNG Price Target - Frequently Asked Questions

What is DraftKings's consensus rating and price target?: According to the issued ratings of 30 analysts in the last year, the consensus rating for DraftKings stock is Moderate Buy based on the current 4 sell ratings, 6 hold ratings and 20 buy ratings for DKNG. The average twelve-month price prediction for DraftKings is $31.90 with a high price target of $44.00 and a low price target of $15.00. Learn more on DKNG's analyst rating history.
Do Wall Street analysts like DraftKings more than its competitors?: Analysts like DraftKings more than other Consumer Discretionary companies. The consensus rating score for DraftKings is 2.53 while the average consensus rating score for consumer discretionary companies is 2.53. Learn more on how DKNG compares to other companies.
Is DraftKings being upgraded by Wall Street analysts?: Over the previous 90 days, DraftKings's stock had 5 upgrades by analysts.

Does DraftKings's stock price have much upside?: According to analysts, DraftKings's stock has a predicted upside of 23.25% based on their 12-month price targets.
What analysts cover DraftKings?: DraftKings has been rated by Bank of America, Barclays, Benchmark, BTIG Research, Citigroup, Craig Hallum, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Roth Mkm, Stifel Nicolaus, Susquehanna, TD Cowen, Truist Financial, UBS Group, VNET Group, and Wells Fargo & Company in the past 90 days.

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This page (NASDAQ:DKNG) was last updated on 8/10/2023 by MarketBeat.com Staff

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