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DraftKings (DKNG)
NASDAQ:DKNG
DKNG Analyst Ratings
Strong Buy
25 Buy
1 Hold
1 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
$51.36
▲(52.77% Upside)
| Highest Price Target$65.00 | Average Price Target$51.36 | Lowest Price Target$30.00 |
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
TD Cowen
$53→$50
Buy
48.72%
Upside
Reiterated
10/22/25
Craig-Hallum
―
Buy
―
Reiterated
10/22/25
Benchmark Co.
$43
Buy
27.90%
Upside
Reiterated
10/22/25
DraftKings' Strategic Acquisition and Market Expansion Justify Buy Rating Amid Growth OpportunitiesWe continue to view DraftKings as a long-term leader in digital wagering, supported by strong product execution, a growing user base, and durable industry tailwinds. That said, we expect Q3 to be a challenging quarter, pressured by a combination of weak hold and elevated promotional expense, which will likely stress profitability and lead to results below consensus expectations. Despite these near-term pressures, we believe most of this is already reflected in valuation, with investor sentiment having largely reset following recent sector weakness. The company’s acquisition of Railbird Technologies represents a strategic turning point. What had been a perceived competitive headwind from the rapid rise of prediction markets may now become a meaningful tailwind, positioning DraftKings to participate directly in one of the most exciting new growth opportunities in digital gaming.
Oppenheimer
$55
Buy
63.59%
Upside
Reiterated
10/22/25
Stifel Nicolaus
$51
Buy
51.70%
Upside
Reiterated
10/22/25
BMO Capital
$65
Buy
93.34%
Upside
Reiterated
10/21/25
Needham
$52
Buy
54.67%
Upside
Reiterated
10/21/25
DraftKings' Strategic Moves and Acquisition of Railbird Poised to Expand Market Reach and Legalize Online Sports Betting NationwideWe expect this acquisition to improve sentiment on shares, currently on the lows, as it represents TAM expansion into states DKNG does not currently have access to in regulated OSB like CA, TX and FL. It appears the product will launch with finance, culture and entertainment, implying to us launching without sports, which represents the minority of the volume on Kalshi this NFL season (Exhibit 1). We expect investors to focus on the likelihood of DKNG to offer sports contracts as the press release mentions the product may expand to additional categories over time. Without sports, we think the opportunity is significantly smaller. For comparison, we think the apples to apples handle/volume bet on the NFL through Kalshi is $1B season to date, and $8.6B for regulated OSB.
Canaccord Genuity
$60
Buy
78.47%
Upside
Reiterated
10/21/25
DraftKings' Strategic Acquisition of Railbird Technologies: A Buy Rating with a $60 Price TargetWe reiterate our view that when offered side-by-side, a majority of consumers will continue to prefer to engage with traditional sports betting platforms for a variety of reasons, led by a broader set of markets and the ability to receive ongoing promotional generosity. However, nearly half of the US population does not currently have access to legal online sports betting in their states.
Truist Financial
$33.6
Buy
-0.06%
Downside
Assigned
10/21/25
J.P. Morgan
$51
Buy
51.70%
Upside
Reiterated
10/16/25
Bernstein
$55
Buy
63.59%
Upside
Reiterated
10/15/25
Susquehanna
$64→$59
Buy
75.49%
Upside
Reiterated
10/14/25
Northland Securities
$33→$30
Sell
-10.77%
Downside
Reiterated
10/13/25
Bank of America Securities
―
Buy
―
Reiterated
10/13/25
Jefferies
$51
Buy
51.70%
Upside
Reiterated
10/12/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TD Cowen
$53→$50
Buy
48.72%
Upside
Reiterated
10/22/25
Craig-Hallum
―
Buy
―
Reiterated
10/22/25
Benchmark Co.
$43
Buy
27.90%
Upside
Reiterated
10/22/25
DraftKings' Strategic Acquisition and Market Expansion Justify Buy Rating Amid Growth OpportunitiesWe continue to view DraftKings as a long-term leader in digital wagering, supported by strong product execution, a growing user base, and durable industry tailwinds. That said, we expect Q3 to be a challenging quarter, pressured by a combination of weak hold and elevated promotional expense, which will likely stress profitability and lead to results below consensus expectations. Despite these near-term pressures, we believe most of this is already reflected in valuation, with investor sentiment having largely reset following recent sector weakness. The company’s acquisition of Railbird Technologies represents a strategic turning point. What had been a perceived competitive headwind from the rapid rise of prediction markets may now become a meaningful tailwind, positioning DraftKings to participate directly in one of the most exciting new growth opportunities in digital gaming.
Oppenheimer
$55
Buy
63.59%
Upside
Reiterated
10/22/25
Stifel Nicolaus
$51
Buy
51.70%
Upside
Reiterated
10/22/25
BMO Capital
$65
Buy
93.34%
Upside
Reiterated
10/21/25
Needham
$52
Buy
54.67%
Upside
Reiterated
10/21/25
DraftKings' Strategic Moves and Acquisition of Railbird Poised to Expand Market Reach and Legalize Online Sports Betting NationwideWe expect this acquisition to improve sentiment on shares, currently on the lows, as it represents TAM expansion into states DKNG does not currently have access to in regulated OSB like CA, TX and FL. It appears the product will launch with finance, culture and entertainment, implying to us launching without sports, which represents the minority of the volume on Kalshi this NFL season (Exhibit 1). We expect investors to focus on the likelihood of DKNG to offer sports contracts as the press release mentions the product may expand to additional categories over time. Without sports, we think the opportunity is significantly smaller. For comparison, we think the apples to apples handle/volume bet on the NFL through Kalshi is $1B season to date, and $8.6B for regulated OSB.
Canaccord Genuity
$60
Buy
78.47%
Upside
Reiterated
10/21/25
DraftKings' Strategic Acquisition of Railbird Technologies: A Buy Rating with a $60 Price TargetWe reiterate our view that when offered side-by-side, a majority of consumers will continue to prefer to engage with traditional sports betting platforms for a variety of reasons, led by a broader set of markets and the ability to receive ongoing promotional generosity. However, nearly half of the US population does not currently have access to legal online sports betting in their states.
Truist Financial
$33.6
Buy
-0.06%
Downside
Assigned
10/21/25
J.P. Morgan
$51
Buy
51.70%
Upside
Reiterated
10/16/25
Bernstein
$55
Buy
63.59%
Upside
Reiterated
10/15/25
Susquehanna
$64→$59
Buy
75.49%
Upside
Reiterated
10/14/25
Northland Securities
$33→$30
Sell
-10.77%
Downside
Reiterated
10/13/25
Bank of America Securities
―
Buy
―
Reiterated
10/13/25
Jefferies
$51
Buy
51.70%
Upside
Reiterated
10/12/25
Best Analysts Covering DraftKings
1 Month
xxx
Success Rate
19/27 ratings generated profit
Average Return
+9.23%
reiterated a xxx
rating 10 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 70.37% of your transactions generating a profit, with an average return of +9.23% per trade.
3 Months
xxx
Success Rate
15/21 ratings generated profit
Average Return
+13.18%
reiterated a xxx
rating 21 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 71.43% of your transactions generating a profit, with an average return of +13.18% per trade.
1 Year
Success Rate
14/21 ratings generated profit
Average Return
+26.67%
reiterated a buy rating 21 days ago
Copying Clark Lampen's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +26.67% per trade.
2 Years
xxx
Success Rate
12/20 ratings generated profit
Average Return
+41.39%
reiterated a xxx
rating 21 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 60.00% of your transactions generating a profit, with an average return of +41.39% 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
Jun 25
Jul 25
Aug 25
Sep 25
Oct 25
Strong Buy
25
11
2
0
11
Buy
29
43
50
51
45
Hold
6
8
9
9
7
Sell
0
0
0
0
2
Strong Sell
0
0
0
0
0
total
60
62
61
60
65
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 51.36.
What is DKNG’s upside potential, based on the analysts’ average price target?
DraftKings has 52.77% 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 25 buy ratings, 1 hold ratings and 1 sell ratings.
What is DraftKings’s price target?
The average price target for DraftKings is 51.36. 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 $30.00. The average price target represents 52.77% Increase from the current price of $33.62.
The highest analyst price target is $65.00 ,the lowest forecast is $30.00. The average price target represents 52.77% Increase from the current price of $33.62.
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?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.