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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.
1calculated from analyst ratings
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.
The latest analyst rating for DraftKings (NASDAQ:DKNG) was provided by Morgan Stanley, and DraftKings maintained their overweight rating.
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.
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.
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.
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.
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