Please use a PC Browser to access Register-Tadawul
Get It
What Analysts Are Saying About DraftKings Stock
DraftKings, Inc. Class A -2.79%
DraftKings, Inc. Class A DKNG | 24.21 | -2.79% |
Throughout the last three months, 25 analysts have evaluated DraftKings (NASDAQ:DKNG), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 16 | 8 | 1 | 0 | 0 |
| Last 30D | 2 | 0 | 0 | 0 | 0 |
| 1M Ago | 10 | 6 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for DraftKings, revealing an average target of $38.8, a high estimate of $53.00, and a low estimate of $29.00. A 12.97% drop is evident in the current average compared to the previous average price target of $44.58.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| Bernie McTernan | Needham | Maintains | Buy | $35.00 | $35.00 |
| Clark Lampen | BTIG | Maintains | Buy | $35.00 | $35.00 |
| Clark Lampen | BTIG | Lowers | Buy | $35.00 | $37.00 |
| Ed Young | Morgan Stanley | Lowers | Overweight | $40.00 | $53.00 |
| Daniel Politzer | JP Morgan | Lowers | Overweight | $32.00 | $41.00 |
| Ben Miller | Goldman Sachs | Lowers | Buy | $31.00 | $54.00 |
| Jeffrey Stantial | Stifel | Lowers | Buy | $40.00 | $44.00 |
| Steven Sheeckutz | Citigroup | Lowers | Buy | $32.00 | $48.00 |
| Barry Jonas | Truist Securities | Lowers | Buy | $33.00 | $45.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $37.00 | $44.00 |
| Ben Chaiken | Mizuho | Lowers | Outperform | $44.00 | $46.00 |
| Chad Beynon | Macquarie | Lowers | Outperform | $40.00 | $48.00 |
| Jed Kelly | Oppenheimer | Lowers | Outperform | $35.00 | $50.00 |
| Bernie McTernan | Needham | Lowers | Buy | $35.00 | $52.00 |
| Jason Tilchen | Canaccord Genuity | Lowers | Buy | $44.00 | $50.00 |
| Clark Lampen | BTIG | Lowers | Buy | $37.00 | $45.00 |
| Mike Hickey | Benchmark | Lowers | Buy | $29.00 | $37.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to DraftKings. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of DraftKings compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of DraftKings's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of DraftKings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on DraftKings analyst ratings.
Delving into DraftKings's Background
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.
Breaking Down DraftKings's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3M period, DraftKings showcased positive performance, achieving a revenue growth rate of 42.82% as of 31 December, 2025. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: DraftKings's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.47% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): DraftKings's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 18.87% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): DraftKings's ROA stands out, surpassing industry averages. With an impressive ROA of 2.81%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: DraftKings's debt-to-equity ratio is below the industry average. With a ratio of 2.99, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
