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DraftKings

DKNGNASDAQ
Logo brought to you by Benzinga Data
$35.32
-1.55-4.20%
At close: -
$35.42
0.10.29%
After Hours: 7:22 PM EDT
15 minutes delayed
Q3 2024 Earnings in 7 days from now on Thu Nov 7th, after the market close
Consensus Rating1
Buy
Highest Price Target1
$62.00
Lowest Price Target1
$28.00
Consensus Price Target1
$49.96

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

DraftKings Inc has a consensus price target of $49.96 based on the ratings of 26 analysts. The high is $62 issued by Mizuho on October 18, 2024. The low is $28 issued by Exane BNP Paribas on January 19, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Mizuho, and Wells Fargo on October 22, 2024, October 18, 2024, and October 17, 2024, respectively. With an average price target of $54 between Morgan Stanley, Mizuho, and Wells Fargo, there's an implied 52.46% upside for DraftKings Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
3
Jul
7
Aug
2
Sep
5
Oct
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.9
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
Mizuho
Wells Fargo
BMO Capital
JMP Securities

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 Morgan Stanley on October 22, 2024. The analyst firm set a price target for $48.00 expecting DKNG to rise to within 12 months (a possible 35.51% upside). 99 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 Morgan Stanley, and DraftKings maintained their overweight 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 October 22, 2024 so you should expect the next rating to be made available sometime around October 22, 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 $47.00 to $48.00. The current price DraftKings (DKNG) is trading at is $35.42, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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