Brokerages Set DraftKings Inc. (NASDAQ:DKNG) Target Price at $34.84

Shares of DraftKings Inc. (NASDAQ:DKNG) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-seven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty-seven have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.80.

DKNG has been the topic of several analyst reports. Bank of America decreased their target price on shares of DraftKings from $37.50 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Stephens initiated coverage on shares of DraftKings in a research report on Friday, April 24th. They issued an “overweight” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price target on shares of DraftKings in a research note on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of DraftKings in a research note on Wednesday, January 21st. Finally, BMO Capital Markets increased their price objective on shares of DraftKings from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd.

DraftKings Price Performance

DKNG stock opened at $24.51 on Tuesday. The firm has a 50 day moving average of $23.63 and a 200-day moving average of $28.36. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.91. DraftKings has a 12 month low of $20.46 and a 12 month high of $48.78. The firm has a market capitalization of $12.15 billion, a P/E ratio of 408.50, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). DraftKings had a net margin of 0.93% and a return on equity of 12.71%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted ($0.07) earnings per share. DraftKings’s revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that DraftKings will post 0.56 earnings per share for the current fiscal year.

Insider Activity at DraftKings

In other news, insider Paul Liberman sold 484,417 shares of DraftKings stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $25.16, for a total transaction of $12,187,931.72. Following the sale, the insider owned 213,597 shares in the company, valued at $5,374,100.52. This trade represents a 69.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jocelyn Moore sold 2,150 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $35,993.60. This trade represents a 60.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 496,718 shares of company stock valued at $12,477,308. Corporate insiders own 47.18% of the company’s stock.

Institutional Trading of DraftKings

Large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its stake in DraftKings by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company’s stock worth $314,000 after acquiring an additional 524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DraftKings by 1,141.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company’s stock valued at $1,463,000 after purchasing an additional 40,495 shares during the last quarter. Empowered Funds LLC raised its position in shares of DraftKings by 18.0% in the 1st quarter. Empowered Funds LLC now owns 9,115 shares of the company’s stock valued at $303,000 after purchasing an additional 1,391 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in DraftKings in the 2nd quarter worth approximately $603,000. Finally, Daiwa Securities Group Inc. increased its holdings in DraftKings by 2.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 44,102 shares of the company’s stock worth $1,892,000 after buying an additional 968 shares during the period. 37.70% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Needham & Company reiterated its buy rating on DraftKings and set a $35 price target, implying meaningful upside from recent levels. This kind of analyst support can help lift sentiment around the stock. Article
• Positive Sentiment: DraftKings recently reported a return to profitability in first-quarter 2026, with revenue of about $1.65 billion and net income of $21 million. Investors also appear encouraged by management’s push into prediction markets and plans to invest up to $300 million in the platform, which could open a new growth avenue. Article
• Neutral Sentiment: DraftKings has also been one of the most watched stocks on Zacks.com lately, suggesting elevated investor interest but no clear fundamental catalyst on its own. Article
• Neutral Sentiment: News showing short interest at essentially zero shares does not indicate meaningful bearish pressure, but it also does not provide a strong catalyst for the stock by itself.
• Neutral Sentiment: Other analyst notes described DraftKings as a neutral consumer-cyclical name, reinforcing that broader Street views remain mixed despite recent optimism. Article

DraftKings Company Profile

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.