Research Analysts’ Recent Ratings Updates for DraftKings (DKNG)

Several brokerages have updated their recommendations and price targets on shares of DraftKings (NASDAQ: DKNG) in the last few weeks:

• 8/21/2026 – DraftKings was downgraded by Weiss Ratings from “sell (d)” to “sell (e+)”.
• 8/15/2026 – DraftKings was downgraded by Wall Street Zen from “hold” to “sell”.
• 8/11/2026 – DraftKings had its price target raised by Citigroup Inc. from $30.00 to $32.00. They now have a “buy” rating on the stock.
• 8/10/2026 – DraftKings was given a new $29.00 price target by Truist Financial Corporation.
• 8/10/2026 – DraftKings was given a new $28.00 price target by Northland Securities.
• 8/10/2026 – DraftKings had its price target lowered by Guggenheim from $35.00 to $33.00. They now have a “buy” rating on the stock.
• 8/10/2026 – DraftKings had its price target lowered by Barclays PLC from $35.00 to $34.00. They now have an “overweight” rating on the stock.
• 8/10/2026 – DraftKings had its price target lowered by JPMorgan Chase & Co. from $34.00 to $33.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – DraftKings had its “sell (d)” rating reaffirmed by Weiss Ratings.
• 8/7/2026 – DraftKings had its price target raised by Benchmark Co. from $29.00 to $30.00. They now have a “buy” rating on the stock.
• 8/6/2026 – DraftKings was given a new $27.00 price target by Sanford C. Bernstein.
• 7/23/2026 – DraftKings had its price target lowered by Morgan Stanley from $39.00 to $36.00. They now have an “overweight” rating on the stock.
• 7/22/2026 – DraftKings had its price target lowered by Stifel Nicolaus from $40.00 to $38.00. They now have a “buy” rating on the stock.
• 7/20/2026 – DraftKings had its “buy” rating reaffirmed by Benchmark Co..
• 7/20/2026 – DraftKings had its price target lowered by Truist Financial Corporation from $30.00 to $29.00. They now have a “buy” rating on the stock.
• 7/20/2026 – DraftKings had its price target lowered by Wells Fargo & Company from $32.00 to $29.00. They now have an “overweight” rating on the stock.
• 7/15/2026 – DraftKings had its price target lowered by Moffett Nathanson from $27.00 to $25.00.
• 7/15/2026 – DraftKings had its price target raised by JPMorgan Chase & Co. from $31.00 to $34.00. They now have an “overweight” rating on the stock.
• 7/10/2026 – DraftKings had its price target raised by TD Cowen from $30.00 to $35.00. They now have a “buy” rating on the stock.
• 7/9/2026 – DraftKings had its price target raised by Deutsche Bank Aktiengesellschaft from $26.00 to $28.00. They now have a “hold” rating on the stock.
• 7/1/2026 – DraftKings had its price target lowered by Susquehanna from $32.00 to $31.00. They now have a “positive” rating on the stock.

Insiders Place Their Bets

In other news, Director Jocelyn Moore sold 10,759 shares of DraftKings stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $24.05, for a total value of $258,753.95. Following the completion of the sale, the director directly owned 1,881 shares of the company’s stock, valued at approximately $45,238.05. This trade represents a 85.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider R Stanton Dodge sold 62,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $29.68, for a total value of $1,855,000.00. Following the sale, the insider owned 556,258 shares of the company’s stock, valued at approximately $16,509,737.44. The trade was a 10.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 47.18% of the stock is currently owned by company insiders.

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.