DraftKings Inc Hits 20-Day High Amid Analyst Sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Source: Coinmarketcap
Updated: 05 Dec 25 
DraftKings Inc's stock rose by 3.01%, reaching a 20-day high amid mixed analyst sentiments regarding its growth potential.
Analysts have adjusted their fair value estimates for DraftKings, reflecting optimism for long-term growth in online sports betting, despite concerns over increasing competition from new entrants in the market.
The competitive landscape is intensifying with the launch of new prediction markets, which could impact DraftKings' market share. Investors are closely watching how the company navigates these challenges.
DKNG
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Analyst Views on DKNG
Wall Street analysts forecast DKNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DKNG is 44.25 USD with a low forecast of 30.00 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
23 Buy
5 Hold
0 Sell
Strong Buy
Current: 34.550
Low
30.00
Averages
44.25
High
63.00
Current: 34.550
Low
30.00
Averages
44.25
High
63.00
Wells Fargo
Equal Weight
initiated
$31
2025-11-17
Reason
Wells Fargo
Price Target
$31
2025-11-17
initiated
Equal Weight
Reason
Wells Fargo initiated coverage of DraftKings with an Equal Weight rating and $31 price target. The firm is "very bullish" on the outlook for domestic online sports betting growth, but waits for a better entry point into DraftKings given the near-term pressure on its results and competition.
Mizuho
Ben Chaiken
Outperform -> Outperform
downgrade
$54 -> $46
2025-11-13
Reason
Mizuho
Ben Chaiken
Price Target
$54 -> $46
2025-11-13
downgrade
Outperform -> Outperform
Reason
Mizuho analyst Ben Chaiken lowered the firm's price target on DraftKings to $46 from $54 and keeps an Outperform rating on the shares. The firm believes investor sentiment is bottoming after the company reported a worse than expected quarter. It sees "light at the end of the tunnel."
TD Cowen
Lance Vitanza
Buy
downgrade
$50 -> $45
2025-11-12
Reason
TD Cowen
Lance Vitanza
Price Target
$50 -> $45
2025-11-12
downgrade
Buy
Reason
TD Cowen analyst Lance Vitanza lowered the firm's price target on DraftKings to $45 from $50 and keeps a Buy rating on the shares. The firm lowered their 4Q25 and FY26 estimates amid persistent hold volatility. They said they estimate Q3 reflected about $190 million in unfavorable NFL outcomes, as well as higher promo activity that was partially offset by strong iG growth.
CBRE
John DeCree
Buy
to
Hold
downgrade
$36
2025-11-11
Reason
CBRE
John DeCree
Price Target
$36
2025-11-11
downgrade
Buy
to
Hold
Reason
CBRE analyst John DeCree downgraded DraftKings to Hold from Buy with a $36 price target.
See All Ratings
About DKNG
DraftKings Inc. is a digital sports entertainment and gaming company. It provides users with online and retail sports betting (together, Sportsbook), online casino (iGaming) and daily fantasy sports product offerings, as well as digital lottery courier, media, and other product offerings. Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C., and in Ontario, Canada. It operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming brand. It owns Jackpocket, a digital lottery courier app in the United States. It is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA. It also owns and operates DraftKings Network, a multi-platform content ecosystem.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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