On July 15, 2025, Benchmark analyst Mike Hickey maintained his "Buy" rating for DraftKings (DKNG, Financial) while raising the stock's price target. The price target has been adjusted from a previous $45.00 to a new figure of $50.00, representing an increase of 11.11%.
The updated target price reflects Benchmark's positive outlook on DraftKings' (DKNG, Financial) potential market performance. The maintained "Buy" rating suggests continued confidence from the analyst in the company's future prospects.
Investors in DraftKings (DKNG, Financial) may find this update encouraging, as the raised price target indicates expectations for improved financial performance and market standing. The revisions come amidst ongoing developments in the online sports betting industry, where DraftKings maintains a significant presence.
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 $52.75 with a high estimate of $75.00 and a low estimate of $36.00. The average target implies an upside of 20.47% from the current price of $43.79. 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 $60.43, suggesting a upside of 38% from the current price of $43.79. 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.
