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DraftKings (DKNG)
NASDAQ:DKNG
DKNG Analyst Ratings
Strong Buy
26 Buy
1 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
DKNG Stock 12 Month Forecast
Average Price Target
$54.54
▲(19.21%Upside)
| Highest Price Target$65.00 | Average Price Target$54.54 | Lowest Price Target$45.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
TipRanks
$47
Hold
2.73%
Upside
Reiterated
07/11/25
DraftKings shows strong revenue growth and improving cash flow, but profitability remains a challenge. The stock's bullish technical momentum is tempered by valuation concerns, as the negative P/E ratio and lack of dividend yield highlight ongoing financial struggles. The earnings call provided a balanced outlook, with strategic initiatives in live betting providing potential upside, but revised guidance reflecting current market headwinds.
BMO Capital
$64→$65
Buy
42.08%
Upside
Reiterated
07/29/25
Citizens JMP
$50
Buy
9.29%
Upside
Reiterated
07/29/25
Susquehanna
$52→$60
Buy
31.15%
Upside
Reiterated
07/25/25
Bernstein
$46→$52
Buy
13.66%
Upside
Reiterated
07/24/25
Needham
$60
Buy
31.15%
Upside
Reiterated
07/22/25
Bank of America Securities
$50
Buy
9.29%
Upside
Reiterated
07/21/25
DraftKings Receives Buy Rating from Shaun Kelley Amid Strong Financial Performance and Growth PotentialWe raise our Q2 revenue estimate to $1.50B, +6% vs. the Street’s $1.41B and EBITDA to $290M, +24% ahead of the Street’s $233M. Bottom line: With a beat expected, investor focus is shifting to 2026. Recall, at their 2023 analyst day, DKNG laid out a target of $1.4B in EBITDA in 2026, in line with current Street estimates. We have a more conservative view and model $1.26B in 2026 EBITDA to reflect (1) ~$30M tax headwinds from NJ, MD, and LA in 1H; (2) ~$40-50M of launch costs in (3) more modest gross margin expansion to allow for additional tax headwinds in 2H26. We reiterate our Buy rating. Now including additional tax pressures in our model DKNG has historically targeted 100-200bps annual gross margin expansion.
Barclays
$48→$51
Buy
11.48%
Upside
Reiterated
07/18/25
Mizuho Securities
$58
Buy
26.78%
Upside
Reiterated
07/18/25
Truist Financial
$50→$55
Buy
20.22%
Upside
Reiterated
07/16/25
Stifel Nicolaus
$53→$51
Buy
11.48%
Upside
Reiterated
07/16/25
Craig-Hallum
―
Buy
―
Reiterated
07/15/25
Benchmark Co.
$45→$50
Buy
9.29%
Upside
Reiterated
07/15/25
Berenberg Bank
$45
Hold
-1.64%
Downside
Reiterated
07/14/25
Morgan Stanley
$51→$52
Buy
13.66%
Upside
Reiterated
07/11/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TipRanks
$47
Hold
2.73%
Upside
Reiterated
07/11/25
DraftKings shows strong revenue growth and improving cash flow, but profitability remains a challenge. The stock's bullish technical momentum is tempered by valuation concerns, as the negative P/E ratio and lack of dividend yield highlight ongoing financial struggles. The earnings call provided a balanced outlook, with strategic initiatives in live betting providing potential upside, but revised guidance reflecting current market headwinds.
BMO Capital
$64→$65
Buy
42.08%
Upside
Reiterated
07/29/25
Citizens JMP
$50
Buy
9.29%
Upside
Reiterated
07/29/25
Susquehanna
$52→$60
Buy
31.15%
Upside
Reiterated
07/25/25
Bernstein
$46→$52
Buy
13.66%
Upside
Reiterated
07/24/25
Needham
$60
Buy
31.15%
Upside
Reiterated
07/22/25
Bank of America Securities
$50
Buy
9.29%
Upside
Reiterated
07/21/25
DraftKings Receives Buy Rating from Shaun Kelley Amid Strong Financial Performance and Growth PotentialWe raise our Q2 revenue estimate to $1.50B, +6% vs. the Street’s $1.41B and EBITDA to $290M, +24% ahead of the Street’s $233M. Bottom line: With a beat expected, investor focus is shifting to 2026. Recall, at their 2023 analyst day, DKNG laid out a target of $1.4B in EBITDA in 2026, in line with current Street estimates. We have a more conservative view and model $1.26B in 2026 EBITDA to reflect (1) ~$30M tax headwinds from NJ, MD, and LA in 1H; (2) ~$40-50M of launch costs in (3) more modest gross margin expansion to allow for additional tax headwinds in 2H26. We reiterate our Buy rating. Now including additional tax pressures in our model DKNG has historically targeted 100-200bps annual gross margin expansion.
Barclays
$48→$51
Buy
11.48%
Upside
Reiterated
07/18/25
Mizuho Securities
$58
Buy
26.78%
Upside
Reiterated
07/18/25
Truist Financial
$50→$55
Buy
20.22%
Upside
Reiterated
07/16/25
Stifel Nicolaus
$53→$51
Buy
11.48%
Upside
Reiterated
07/16/25
Craig-Hallum
―
Buy
―
Reiterated
07/15/25
Benchmark Co.
$45→$50
Buy
9.29%
Upside
Reiterated
07/15/25
Berenberg Bank
$45
Hold
-1.64%
Downside
Reiterated
07/14/25
Morgan Stanley
$51→$52
Buy
13.66%
Upside
Reiterated
07/11/25
Best Analysts Covering DraftKings
1 Month
xxx
Success Rate
13/19 ratings generated profit
Average Return
+5.22%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 68.42% of your transactions generating a profit, with an average return of +5.22% per trade.
3 Months
xxx
Success Rate
15/19 ratings generated profit
Average Return
+16.17%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 78.95% of your transactions generating a profit, with an average return of +16.17% per trade.
1 Year
Success Rate
18/19 ratings generated profit
Average Return
+39.28%
reiterated a buy rating 3 months ago
Copying Clark Lampen's trades and holding each position for 1 Year would result in 94.74% of your transactions generating a profit, with an average return of +39.28% per trade.
2 Years
xxx
Success Rate
19/19 ratings generated profit
Average Return
+43.88%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +43.88% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
DKNG Analyst Recommendation Trends
Rating
Mar 25
Apr 25
May 25
Jun 25
Jul 25
Strong Buy
1
15
24
25
11
Buy
59
51
26
29
43
Hold
2
2
2
3
6
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
62
68
52
57
60
Each month's total comprises the sum of three months' worth of ratings.
DKNG Financial Forecast
DKNG Stock Forecast FAQ
What is DKNG’s average 12-month price target, according to analysts?
Based on analyst ratings, DraftKings’s 12-month average price target is 54.54.
What is DKNG’s upside potential, based on the analysts’ average price target?
DraftKings has 19.21% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is DKNG a Buy, Sell or Hold?
DraftKings has a consensus rating of Strong Buy which is based on 26 buy ratings, 1 hold ratings and 0 sell ratings.
What is DraftKings’s price target?
The average price target for DraftKings is 54.54. This is based on 27 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $65.00 ,the lowest forecast is $45.00. The average price target represents 19.21% Increase from the current price of $45.75.
The highest analyst price target is $65.00 ,the lowest forecast is $45.00. The average price target represents 19.21% Increase from the current price of $45.75.
What do analysts say about DraftKings?
DraftKings’s analyst rating consensus is a Strong Buy. This is based on the ratings of 27 Wall Streets Analysts.
How can I buy shares of DKNG?
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