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DKNG

DraftKings (DKNG) Stock Forecast & Price Target

DraftKings (DKNG) Analyst Ratings

Based on 27 analyst ratings
Buy
Strong Buy 48%
Buy 44%
Hold 4%
Sell 4%
Strong Sell 0%

Bulls say

DraftKings has demonstrated significant growth in its online sports betting (OSB) segment, with OSB hold increasing from 3.2% in 2021 to approximately 7% by 2025, driven by a mix of parlay growth, improved pricing, and AI-driven reinvestment strategies. The company's gross profit flywheel has tripled over three years, showcasing the effectiveness of expanding customer cohorts, rising customer volume, and disciplined promotional efforts, which contribute to its transition to profitability. With sports handle growing 13% year-over-year and an expectation of double-digit revenue growth, DraftKings is well-positioned for continued expansion in a rapidly evolving market.

Bears say

DraftKings is facing a challenging financial outlook as its 2026 revenue guidance has been significantly reduced, with EBITDA estimates lowered from $1.165 billion to $834 million. The company also anticipates market-share losses and a more gradual pace of state legalization, both of which contribute to a deteriorating revenue narrative. Additionally, the stock's poor performance related to medium- to long-term returns and the depressed multiples for its sportsbook and prediction business further underscore the concerns around its future profitability and growth prospects.

DraftKings (DKNG) has been analyzed by 27 analysts, with a consensus rating of Buy. 48% of analysts recommend a Strong Buy, 44% recommend Buy, 4% suggest Holding, 4% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of DraftKings and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About DraftKings (DKNG) Forecast

Analysts have given DraftKings (DKNG) a Buy based on their latest research and market trends.

According to 27 analysts, DraftKings (DKNG) has a Buy consensus rating as of Apr 16, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $38.63, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $38.63, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

DraftKings (DKNG)


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