On May 12, 2025, Needham analyst Bernie McTernan maintained his company's rating for DraftKings (DKNG, Financial) at "Buy." However, McTernan lowered the target price for DKNG from $65.00 USD to $60.00 USD.
The updated target price represents a 7.69% decrease from the prior target. Despite the adjustment in the price target, the "Buy" rating suggests ongoing confidence in DraftKings' market position.
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 $53.23 with a high estimate of $75.00 and a low estimate of $35.00. The average target implies an upside of 46.92% from the current price of $36.23. 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 $60.90, suggesting a upside of 68.09% from the current price of $36.23. 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.
