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DKNG
Volume: 9.56M

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) performance, with its hold increasing from 3.2% in 2021 to approximately 7% in 2025, driven by a mix of product enhancements and improved consumer engagement. The company's gross profit has tripled over the last three years, supported by expanding customer cohorts and rising betting volumes, while sports handle has grown 13% year-over-year. Additionally, DraftKings' transition to profitability positions it for double-digit revenue growth, indicating a strong potential for sustained financial performance and robust market presence.

Bears say

DraftKings has experienced a significant decline in expectations for future performance, with a revised EBITDA guidance for 2026 of $700-900 million, down from an earlier target of $1.4 billion, reflecting a disappointing flow-through for the company in 2025. This downward adjustment is compounded by concerns regarding market-share losses, a slower pace of state legalization, and potential state tax increases, leading to a less favorable outlook for its core operations. Additionally, the company's implied valuation multiples for the sportsbook and prediction business remain depressed, indicating that the market perceives ongoing challenges in achieving sustained profitability and growth.

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 23, 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 $38.22, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $38.22, 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)

Volume: 9.56M

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