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DKNG

DraftKings (DKNG) Stock Forecast & Price Target

DraftKings (DKNG) Analyst Ratings

Based on 30 analyst ratings
Buy
Strong Buy 47%
Buy 40%
Hold 10%
Sell 3%
Strong Sell 0%

Bulls say

DraftKings is in a strong position for future growth due to its leading market share in online sports betting and casino gambling, as well as its new predictive market launch. Despite recent earnings being impacted by customer-friendly sports outcomes, the company is still on track to meet its projected revenue and EBITDA targets for 2026. Risks to this positive outlook include competition within the global entertainment and gaming industries, potential reductions in consumer spending, and the need for continued legalization of online gaming in new states. However, with a bullish attitude towards the opportunity in prediction markets and a strong focus on cost discipline, DraftKings is well-equipped to capitalize on its current momentum and continue to drive growth in the future.

Bears say

DraftKings is facing challenges and pressures in the competitive online sports and casino gambling market, where it is currently holding lower revenue share positions compared to its competitors. Furthermore, the company's launch in predictive markets in 2025 may not be as successful as hoped, with only about 50% of Canada's population having access to the product. Despite strong customer acquisition and retention in the second quarter, DraftKings' 2Q results were still impacted by customer-friendly sports outcomes and higher-than-expected customer acquisition costs, indicating potential issues with cost management. With the company ceding market share in the growing iGaming market, it is crucial for management to focus on properly positioning and promoting the business for successful growth.

DraftKings (DKNG) has been analyzed by 30 analysts, with a consensus rating of Buy. 47% of analysts recommend a Strong Buy, 40% recommend Buy, 10% suggest Holding, 3% 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 30 analysts, DraftKings (DKNG) has a Buy consensus rating as of Aug 29, 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 $36.33, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $36.33, 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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