Weekly Investment Analysts’ Ratings Updates for DraftKings (DKNG)

A number of firms have modified their ratings and price targets on shares of DraftKings (NASDAQ: DKNG) recently:

• 4/7/2026 – DraftKings had its price target raised by Wells Fargo & Company from $30.00 to $31.00. They now have an “overweight” rating on the stock.
• 4/1/2026 – DraftKings had its price target lowered by Citizens Jmp from $38.00 to $34.00. They now have a “market outperform” rating on the stock.
• 3/31/2026 – DraftKings had its price target lowered by Susquehanna from $33.00 to $32.00. They now have a “positive” rating on the stock.
• 3/23/2026 – DraftKings had its “buy” rating reaffirmed by BTIG Research. They now have a $35.00 price target on the stock.
• 3/17/2026 – DraftKings was downgraded by Argus from “buy” to “hold”.
• 3/16/2026 – DraftKings had its price target lowered by UBS Group AG from $53.00 to $43.00. They now have a “buy” rating on the stock.
• 3/5/2026 – DraftKings had its “outperform” rating reaffirmed by Sanford C. Bernstein. They now have a $30.00 price target on the stock.
• 3/3/2026 – DraftKings had its “buy” rating reaffirmed by Benchmark Co..
• 3/3/2026 – DraftKings had its “overweight” rating reaffirmed by Wells Fargo & Company.
• 3/3/2026 – DraftKings had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $35.00 price target on the stock.
• 3/3/2026 – DraftKings was given a new $46.00 price target by Jefferies Financial Group Inc..
• 3/3/2026 – DraftKings had its “overweight” rating reaffirmed by Barclays PLC.
• 3/3/2026 – DraftKings was given a new $35.00 price target by BTIG Research.
• 3/3/2026 – DraftKings was given a new $50.00 price target by Wells Fargo & Company.
• 3/3/2026 – DraftKings had its price target raised by BMO Capital Markets from $42.00 to $50.00. They now have an “outperform” rating on the stock.
• 3/3/2026 – DraftKings had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $38.00 price target on the stock.
• 2/26/2026 – DraftKings had its price target lowered by BTIG Research from $37.00 to $35.00. They now have a “buy” rating on the stock.
• 2/24/2026 – DraftKings was given a new $26.40 price target by Berenberg Bank.
• 2/24/2026 – DraftKings had its price target lowered by Morgan Stanley from $53.00 to $40.00. They now have an “overweight” rating on the stock.
• 2/24/2026 – DraftKings had its “market outperform” rating reaffirmed by Citigroup Inc..
• 2/19/2026 – DraftKings was downgraded by Zacks Research from “hold” to “strong sell”.
• 2/17/2026 – DraftKings was given a new $26.00 price target by Deutsche Bank Aktiengesellschaft.
• 2/17/2026 – DraftKings was given a new $24.00 price target by Northland Securities.
• 2/17/2026 – DraftKings was given a new $33.00 price target by Susquehanna.
• 2/17/2026 – DraftKings had its price target lowered by Stifel Nicolaus from $44.00 to $40.00. They now have a “buy” rating on the stock.
• 2/17/2026 – DraftKings was given a new $37.00 price target by Guggenheim.
• 2/17/2026 – DraftKings had its price target lowered by Barclays PLC from $44.00 to $37.00. They now have an “overweight” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by JPMorgan Chase & Co. from $41.00 to $32.00. They now have an “overweight” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by The Goldman Sachs Group, Inc. from $54.00 to $31.00. They now have a “buy” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by Citigroup Inc. from $48.00 to $32.00. They now have a “buy” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by Truist Financial Corporation from $45.00 to $33.00. They now have a “buy” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by Mizuho from $46.00 to $44.00. They now have an “outperform” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by Oppenheimer Holdings, Inc. from $50.00 to $35.00. They now have an “outperform” rating on the stock.
• 2/17/2026 – DraftKings had its price target lowered by Needham & Company LLC from $52.00 to $35.00. They now have a “buy” rating on the stock.
• 2/16/2026 – DraftKings was given a new $28.00 price target by Sanford C. Bernstein.
• 2/16/2026 – DraftKings was given a new $30.00 price target by Wells Fargo & Company.
• 2/15/2026 – DraftKings had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 2/13/2026 – DraftKings had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $42.00 price target on the stock.
• 2/13/2026 – DraftKings had its price target lowered by Canaccord Genuity Group Inc. from $50.00 to $44.00. They now have a “buy” rating on the stock.
• 2/13/2026 – DraftKings had its price target lowered by BTIG Research from $45.00 to $37.00. They now have a “buy” rating on the stock.
• 2/13/2026 – DraftKings had its price target lowered by Benchmark Co. from $37.00 to $29.00. They now have a “buy” rating on the stock.
• 2/13/2026 – DraftKings had its price target lowered by Bank of America Corporation from $37.50 to $30.00. They now have a “neutral” rating on the stock.

Insiders Place Their Bets

In related news, CAO Erik Bradbury sold 7,268 shares of DraftKings stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $22.50, for a total value of $163,530.00. Following the transaction, the chief accounting officer directly owned 36,736 shares of the company’s stock, valued at $826,560. This trade represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jocelyn Moore sold 2,150 shares of DraftKings stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $25.60, for a total transaction of $55,040.00. Following the completion of the transaction, the director directly owned 1,406 shares in the company, valued at $35,993.60. This trade represents a 60.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 549,495 shares of company stock valued at $14,166,700 over the last three months. 47.18% of the stock is owned by corporate 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.