Analysts' ratings for DraftKings (NASDAQ:DKNG) over the last quarter vary from bullish to bearish, as provided by 10 analysts.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	6	2	2	0	0
Last 30D	0	0	1	0	0
1M Ago	3	2	0	0	0
2M Ago	1	0	0	0	0
3M Ago	2	0	1	0	0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $43.9, with a high estimate of $53.00 and a low estimate of $30.00. This current average has decreased by 1.83% from the previous average price target of $44.72.

Analyzing Analyst Ratings: A Detailed Breakdown

The perception of DraftKings by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Shaun Kelley	B of A Securities	Lowers	Neutral	$30.00	$37.50
Michael Graham	Canaccord Genuity	Lowers	Buy	$50.00	$54.00
Jeffrey Stantial	Stifel	Lowers	Buy	$44.00	$46.00
Curry Baker	Guggenheim	Lowers	Buy	$42.00	$45.00
Ed Young	Morgan Stanley	Raises	Overweight	$53.00	$50.00
Trey Bowers	Wells Fargo	Raises	Overweight	$49.00	$31.00
Barry Jonas	Truist Securities	Lowers	Buy	$43.00	$45.00
Clark Lampen	BTIG	Raises	Buy	$45.00	$42.00
Bernie McTernan	Needham	Maintains	Buy	$52.00	$52.00
Trey Bowers	Wells Fargo	Announces	Equal-Weight	$31.00	-

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to DraftKings. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of DraftKings compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of DraftKings's stock. This examination reveals shifts in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of DraftKings's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on DraftKings analyst ratings.

Discovering DraftKings: A Closer Look

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. DraftKings is now live with online or retail sports betting in 28 states and i-gaming in 5 states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company plans to launch a predictive event platform in late 2025 and also operates a non-fungible token commission-based marketplace and develops and licenses online gaming products.

Unraveling the Financial Story of DraftKings

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Positive Revenue Trend: Examining DraftKings's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.43% as of 30 September, 2025, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: DraftKings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -22.45%, the company may face hurdles in effective cost management.

Return on Equity (ROE): DraftKings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -29.48%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): DraftKings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -5.64%, the company may face hurdles in achieving optimal financial performance.

Debt Management: DraftKings's debt-to-equity ratio is below the industry average. With a ratio of 2.6, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Analyst Ratings: Simplified

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.