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DKNG Stock Forecast 2026-2027
$29.00
Current Price
$14.39B
Market Cap
Buy 28
Hold 6
Sell 1
Wall St Analyst Ratings
Distance to DKNG Price Targets
+155.2%
To High Target of $74.00
+10.3%
To Median Target of $32.00
-31.0%
To Low Target of $20.00
DKNG Price Momentum
+16.3%
1 Week Change
+15.9%
1 Month Change
-20.5%
1 Year Change
-15.8%
Year-to-Date Change
-40.5%
From 52W High of $48.78
+41.7%
From 52W Low of $20.46
📊 TOP ANALYST CALLS
Did DKNG Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if DraftKings is one of their latest high-conviction picks.
Latest DKNG Stock Price Targets & Analyst Predictions
Based on our analysis of 26 Wall Street analysts, DKNG has a bullish consensus with a median price target of $32.00 (ranging from $20.00 to $74.00). The overall analyst rating is Strong Buy (8.9/10). Currently trading at $29.00, the median forecast implies a 10.3% upside. This outlook is supported by 28 Buy, 6 Hold, and 1 Sell ratings.
Conversely, the most conservative target is provided by Stephen Grambling at Morgan Stanley, suggesting a 31.0% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
DKNG Analyst Ratings
28
Buy
6
Hold
1
Sell
DKNG Price Target Range
Low
$20.00
Average
$32.00
High
$74.00
Current: $29.00
Latest DKNG Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for DKNG.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jun 8, 2026 | TD Cowen | Lance Vitanza | Buy | Reiterates | $30.00 |
| Jun 5, 2026 | UBS | Robin Farley | Buy | Maintains | $49.00 |
| May 21, 2026 | Freedom Capital Markets | Buy | Initiates | $N/A | |
| May 14, 2026 | Morgan Stanley | Overweight | Maintains | $N/A | |
| May 12, 2026 | Citigroup | Buy | Maintains | $N/A | |
| May 12, 2026 | Mizuho | Outperform | Maintains | $N/A | |
| May 11, 2026 | Guggenheim | Buy | Maintains | $N/A | |
| May 11, 2026 | Barclays | Overweight | Maintains | $N/A | |
| May 11, 2026 | Needham | Buy | Reiterates | $N/A | |
| May 8, 2026 | BTIG | Buy | Maintains | $N/A | |
| Apr 24, 2026 | MoffettNathanson | Neutral | Downgrade | $N/A | |
| Apr 21, 2026 | Truist Securities | Buy | Maintains | $N/A | |
| Apr 16, 2026 | JP Morgan | Overweight | Maintains | $N/A | |
| Apr 16, 2026 | Citigroup | Buy | Maintains | $N/A | |
| Apr 16, 2026 | Barclays | Overweight | Maintains | $N/A | |
| Apr 7, 2026 | Wells Fargo | Overweight | Maintains | $N/A | |
| Apr 1, 2026 | Citizens | Market Outperform | Maintains | $N/A | |
| Mar 31, 2026 | Susquehanna | Positive | Maintains | $N/A | |
| Mar 23, 2026 | BTIG | Buy | Reiterates | $N/A | |
| Mar 17, 2026 | Argus Research | Hold | Downgrade | $N/A |
DraftKings Inc. (DKNG) Competitors
The following stocks are similar to DraftKings based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
DraftKings Inc. (DKNG) Financial Data
DraftKings Inc. has a market capitalization of $14.39B with a P/E ratio of 333.6x. The company generates $6.29B in trailing twelve-month revenue with a 0.9% profit margin.
Revenue growth is +16.8% quarter-over-quarter, while maintaining an operating margin of +0.4% and return on equity of +7.9%.
Valuation Metrics
Market Cap
$14.39B
Enterprise Value
$15.20B
P/E Ratio
333.6x
PEG Ratio
-2.1x
Price/Sales
2.4x
Growth & Margins
Revenue Growth (YoY)
+16.8%
Gross Margin
+42.3%
Operating Margin
+0.4%
Net Margin
+0.9%
EPS Growth
+16.8%
Financial Health
Cash/Price Ratio
+6.9%
Current Ratio
1.0x
Debt/Equity
317.0x
ROE
+7.9%
ROA
+0.7%
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DraftKings Inc. (DKNG) Business Model
About DraftKings Inc.
What They Do
Provides online sports betting and gaming services.
Business Model
The company operates a digital platform where users can place bets on sports events, play casino games, and participate in daily fantasy sports. Revenue is generated through betting fees, game play, and partnerships with physical venues, alongside sales from its digital collectibles marketplace.
Additional Information
Founded in 2011 and headquartered in Boston, DraftKings is a leader in the regulated online gambling sector, enhancing user engagement with integrated media and interactive features. It serves a diverse customer base across multiple jurisdictions, adapting to local regulations and market demands.
Company Information
Sector
Consumer Cyclical
Industry
Gambling
Employees
5,500
CEO
Mr. Jason D. Robins
Country
United States
IPO Year
2020
Website
www.draftkings.comDraftKings Inc. (DKNG) Latest News & Analysis
Featured Analysis
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Zacks Investment Research
DraftKings (DKNG) Stock Falls Amid Market Uptick: What Investors Need to Know
In the closing of the recent trading day, DraftKings (DKNG) stood at $29.03, denoting a -3.31% move from the preceding trading day.
Jun 12, 2026
By Zacks Equity Research
Tale of the Tape
Latest News
Quick Summary
DraftKings shares are trading between $28 and $29, continuing a double-digit percentage increase following the recent disclosure of its prediction market.
Why It Matters
DraftKings' rising stock price indicates strong investor confidence following positive market predictions, potentially signaling growth and attracting more investment interest.
Source: MarketBeat
Market Sentiment:
Positive
Quick Summary
DraftKings (DKNG) closed at $29.03, reflecting a decline of 3.31% from the previous trading day.
Why It Matters
A 3.31% drop in DraftKings' stock price signals potential volatility, affecting investor sentiment and possibly indicating broader market concerns or company-specific issues.
Source: Zacks Investment Research
Market Sentiment:
Negative
Quick Summary
TRWD has reserved the name "ARC Entertainment Group" as it aims to create a multi-brand empire in the $10 billion adult nightlife sector.
Why It Matters
The establishment of ARC Entertainment Group signals potential growth in the $10B adult nightlife sector, indicating new investment opportunities and market expansion for stakeholders.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
DraftKings reported an annualized consumer trading volume of $1.3 billion on its prediction-markets platform, indicating growth in its expansion beyond traditional sports betting.
Why It Matters
DraftKings' $1.3 billion trading volume indicates strong growth in its prediction markets, potentially boosting revenues and attracting investors seeking innovative betting platforms.
Source: Barrons
Market Sentiment:
Positive
Quick Summary
DraftKings (DKNG) shares rose following a report of strong growth in its predictions platform, boosting investor confidence in its position within the expanding prediction markets industry.
Why It Matters
DraftKings' strong growth in user activity boosts confidence in its market position, signaling potential revenue increases and attracting investor interest in the expanding prediction markets sector.
Source: Invezz
Market Sentiment:
Positive
Quick Summary
DraftKings Inc (NASDAQ:DKNG) shares rose 7.6% to $26.67 after reporting a 24% increase in annualized consumer trading volume to $1.3 billion and a 34% rise in total volume to $3.1 billion.
Why It Matters
DraftKings’ strong growth in trading volume signals increasing consumer engagement, potentially boosting future revenues and profitability, which can enhance investor confidence and stock value.
Source: Schaeffers Research
Market Sentiment:
Positive
Frequently Asked Questions About DKNG Stock
What is DraftKings Inc.'s (DKNG) stock forecast for 2026?
Based on our analysis of 26 Wall Street analysts, DraftKings Inc. (DKNG) has a median price target of $32.00. The highest price target is $74.00 and the lowest is $20.00.
Is DKNG stock a good investment in 2026?
According to current analyst ratings, DKNG has 28 Buy ratings, 6 Hold ratings, and 1 Sell ratings. The stock is currently trading at $29.00. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for DKNG stock?
Wall Street analysts predict DKNG stock could reach $32.00 in the next 12 months. This represents a 10.3% increase from the current price of $29.00. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is DraftKings Inc.'s business model?
The company operates a digital platform where users can place bets on sports events, play casino games, and participate in daily fantasy sports. Revenue is generated through betting fees, game play, and partnerships with physical venues, alongside sales from its digital collectibles marketplace.
What is the highest forecasted price for DKNG DraftKings Inc.?
The highest price target for DKNG is $74.00 from at , which represents a 155.2% increase from the current price of $29.00.
What is the lowest forecasted price for DKNG DraftKings Inc.?
The lowest price target for DKNG is $20.00 from Stephen Grambling at Morgan Stanley, which represents a -31.0% decrease from the current price of $29.00.
What is the overall DKNG consensus from analysts for DraftKings Inc.?
The overall analyst consensus for DKNG is bullish. Out of 26 Wall Street analysts, 28 rate it as Buy, 6 as Hold, and 1 as Sell, with a median price target of $32.00.
How accurate are DKNG stock price projections?
Stock price projections, including those for DraftKings Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: June 13, 2026 6:08 PM UTC