DraftKings (DKNG, Financial) has seen its stock price target adjusted by B of A Securities. Analyst Shaun Kelley has lowered the price target from $60.00 to $50.00. This reflects a percentage change of -16.67% in the price target. Despite this reduction, the rating for DraftKings (DKNG) remains unchanged at "Buy." The adjustment was announced on May 9, 2025.
DraftKings (DKNG, Financial) continues to maintain its position with a "Buy" rating from B of A Securities, underscoring continued confidence from the analysts in the company's future performance. Investors should note this maintained rating amidst the revised price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 33 analysts, the average target price for DraftKings Inc (DKNG, Financial) is $53.84 with a high estimate of $75.00 and a low estimate of $35.00. The average target implies an upside of 45.74% from the current price of $36.94. More detailed estimate data can be found on the DraftKings Inc (DKNG) Forecast page.
Based on the consensus recommendation from 33 brokerage firms, DraftKings Inc's (DKNG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DraftKings Inc (DKNG, Financial) in one year is $60.92, suggesting a upside of 64.92% from the current price of $36.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DraftKings Inc (DKNG) Summary page.
