DraftKings Inc. (NASDAQ:DKNG) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of DraftKings Inc. (NASDAQ:DKNG) have earned a consensus rating of “Moderate Buy” from the forty research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.86.

DKNG has been the subject of a number of research analyst reports. Zacks Research lowered shares of DraftKings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Weiss Ratings lowered shares of DraftKings from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. Wall Street Zen cut DraftKings from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Northland Securities set a $28.00 target price on DraftKings in a report on Monday, August 10th. Finally, Stifel Nicolaus cut their target price on DraftKings from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, October 26th.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Needham sees recovery potential: Needham lowered its price target to $30 from $35 but maintained a “buy” rating, arguing that DraftKings’ recent selloff went too far. The new target still implies roughly 38% upside from the referenced $21.81 share price, providing a potential catalyst for the stock. Needham’s $30 Target Says DraftKings’ Selloff Went Too Far
• Neutral Sentiment: Q3 earnings expectations are in focus: Analysts are examining DraftKings’ expected revenue, earnings, customer trends and other operating metrics for the quarter ended September 2026. The previews do not disclose a major estimate change, but they could increase volatility as investors assess growth and profitability. DraftKings Q3 Earnings on the Horizon
• Neutral Sentiment: Analyst optimism remains a counterweight: DraftKings continues to receive generally favorable brokerage recommendations, although the articles caution that sell-side ratings can be overly optimistic and should not be viewed as a standalone buy signal. Is DraftKings a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: October betting results were unfavorable: Susquehanna’s proprietary estimates indicated that sports-betting outcomes remained unfavorable for bookmakers in October. That implies weaker-than-expected sportsbook hold and potentially softer near-term margins, helping explain the selling pressure in DraftKings shares. DraftKings Shares Decline on Unfavorable October Hold

DraftKings Price Performance

Shares of DKNG opened at $21.81 on Tuesday. DraftKings has a one year low of $18.35 and a one year high of $36.98. The stock’s fifty day moving average is $21.78 and its 200-day moving average is $24.30. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of -57.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.61.

DraftKings (NASDAQ:DKNG) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. DraftKings had a negative net margin of 2.68% and a negative return on equity of 11.26%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. Equities analysts anticipate that DraftKings will post 0.36 EPS for the current year.

Insider Activity

In other news, Director Jocelyn Moore sold 10,759 shares of the business’s 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 sale, the director owned 1,881 shares of the company’s stock, valued at approximately $45,238.05. The trade was a 85.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 47.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake in DraftKings by 336.5% in the second quarter. CoreCap Advisors LLC now owns 1,148 shares of the company’s stock valued at $29,000 after purchasing an additional 885 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its holdings in shares of DraftKings by 3,547.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,240 shares of the company’s stock valued at $27,000 after buying an additional 1,206 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in DraftKings in the first quarter valued at approximately $27,000. Heritage Family Offices LLP acquired a new stake in DraftKings in the third quarter valued at approximately $44,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in DraftKings in the third quarter valued at approximately $48,000. Institutional investors own 37.70% of the company’s stock.

DraftKings Company Profile

DraftKings Inc is a digital sports entertainment and gaming company that operates online and mobile platforms for sports betting, casino gaming and daily fantasy sports. Its offerings include the DraftKings Sportsbook, DraftKings Casino and daily fantasy contests covering a range of professional and collegiate sports.

The company also provides related entertainment and media content through DraftKings Network, along with free-to-play games, promotions and other interactive products designed to complement its sports and gaming platforms.