Jefferies analyst David Katz has maintained a "Buy" rating for DraftKings (DKNG, Financial) while lowering the price target. The new price target is set at $53.00, down from the previous target of $60.00.
The adjusted price target indicates a decrease of 11.67% from the prior valuation. Despite this reduction, the "Buy" rating remains unchanged, reflecting continued confidence in DraftKings' long-term prospects.
This update was released on July 3, 2025, and remains pertinent for investors tracking DKNG on the NASDAQ exchange. DraftKings continues to be a point of interest for market analysts and investors alike.
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 $52.93 with a high estimate of $75.00 and a low estimate of $36.00. The average target implies an upside of 28.14% from the current price of $41.31. More detailed estimate data can be found on the DraftKings Inc (DKNG) Forecast page.
Based on the consensus recommendation from 36 brokerage firms, DraftKings Inc's (DKNG, Financial) average brokerage recommendation is currently 1.9, 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 $60.47, suggesting a upside of 46.38% from the current price of $41.31. 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.
