On May 12, 2025, Macquarie's analyst Chad Beynon adjusted his price target for DraftKings (DKNG, Financial), a leading player in the digital sports entertainment and gaming sector. Despite a change in the price target, the rating remains consistent, reflecting the company's performance and market position.
The price target for DKNG was lowered from $55.00 to $53.00, a decrease of approximately 3.64%. This adjustment comes while maintaining an "Outperform" rating, indicating continued confidence in the company's potential to exceed average market returns.
The change in the price target reflects the analyst's updated valuation model while maintaining a positive outlook for DKNG. Investors and market participants closely following DraftKings should consider these updates in their investment strategies.
It is important for stakeholders to keep an eye on DraftKings (DKNG, Financial) as market dynamics evolve, with Macquarie's updated perspective providing insights into future expectations.
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 40.97% from the current price of $37.76. 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 $60.69, suggesting a upside of 60.73% from the current price of $37.76. 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.
