BTIG Research Lowers DraftKings (NASDAQ:DKNG) Price Target to $37.00

DraftKings (NASDAQ:DKNG) had its price objective cut by BTIG Research from $45.00 to $37.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 67.75% from the stock’s current price.

A number of other brokerages also recently issued reports on DKNG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DraftKings in a report on Wednesday, January 21st. Macquarie Infrastructure decreased their target price on DraftKings from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Barclays dropped their price target on shares of DraftKings from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Wells Fargo & Company initiated coverage on shares of DraftKings in a report on Tuesday, November 18th. They set an “equal weight” rating and a $31.00 price objective for the company. Finally, Stifel Nicolaus lowered their price objective on shares of DraftKings from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DraftKings currently has a consensus rating of “Moderate Buy” and an average price target of $44.14.

DraftKings Stock Down 12.3%

NASDAQ DKNG traded down $3.10 during mid-day trading on Friday, reaching $22.06. The stock had a trading volume of 40,697,506 shares, compared to its average volume of 15,729,275. The stock has a market cap of $10.98 billion, a PE ratio of -38.73, a price-to-earnings-growth ratio of 0.52 and a beta of 1.67. DraftKings has a 1 year low of $21.01 and a 1 year high of $53.61. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.10 and a quick ratio of 1.09. The company has a fifty day moving average price of $32.46 and a 200 day moving average price of $36.41.

Insider Buying and Selling

In related news, insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total transaction of $1,689,391.77. Following the transaction, the insider directly owned 500,000 shares in the company, valued at approximately $16,005,000. The trade was a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 51.19% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in DraftKings by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,443,094 shares of the company’s stock worth $84,189,000 after acquiring an additional 133,296 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of DraftKings by 4.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 16,445 shares of the company’s stock worth $567,000 after purchasing an additional 709 shares during the period. Ieq Capital LLC increased its stake in shares of DraftKings by 11.6% in the fourth quarter. Ieq Capital LLC now owns 2,113,232 shares of the company’s stock worth $72,822,000 after purchasing an additional 219,198 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of DraftKings by 1.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,730,352 shares of the company’s stock valued at $59,628,000 after purchasing an additional 24,627 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. lifted its stake in shares of DraftKings by 795.7% during the 4th quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 28,098 shares of the company’s stock valued at $968,000 after buying an additional 24,961 shares in the last quarter. 37.70% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Q4 revenue grew 43% year-over-year to $1.99 billion, slightly above consensus and showing sustained demand and scale in the core business. DraftKings earnings miss, cautious guidance weighs on shares
• Positive Sentiment: Company reported record revenue and adjusted EBITDA for the quarter and posted positive net income vs. a year-ago loss — evidence of improving unit economics. DraftKings Reports Fourth Quarter Revenue Growth of 43%
• Neutral Sentiment: Management continues to push into prediction markets and highlights a multibillion-dollar long-term opportunity; this is strategic upside but will require heavy investment and regulatory navigation. DraftKings Sees Slower 2026 Growth Despite $10 Billion Prediction Market Opportunity
• Neutral Sentiment: Company reiterated ambitious prediction-market ambitions in its outlook; attractive long-term if execution succeeds, but timing and profitability impact remain uncertain. DraftKings Shares Lofty Prediction Markets Goals in 2026 Outlook
• Negative Sentiment: Q4 EPS of $0.36 missed expectations (consensus ~ $0.45–$0.50), which undercut the rally from revenue strength and raised near-term profitability concerns. DraftKings (DKNG) Misses Q4 Earnings and Revenue Estimates
• Negative Sentiment: FY2026 revenue guidance of $6.5–$6.9 billion came in below the Street (~$7.3B), signaling slower near-term growth and prompting investor concern. DraftKings Q4 press release / slide deck
• Negative Sentiment: Analysts trimmed price targets after the report (Benchmark cut to $29; Bank of America to $30), increasing near-term downside risk despite mixed ratings. Analyst price target updates
• Negative Sentiment: Market reaction was sharp: shares moved materially lower on the EPS miss and cautious guidance, with heavy intraday volume as investors reassess valuation and growth timing. DraftKings Q4 Earnings & Revenues Miss Estimates, Stock Down

About DraftKings

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.