Wells Fargo Upgrades DraftKings to Overweight, $49 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy DKNG?
Source: seekingalpha
- Rating Adjustment: Wells Fargo upgraded DraftKings (DKNG) to Overweight, anticipating Q4 earnings to exceed the $273 million high-end guidance, indicating strong near-term growth potential.
- Flutter Entertainment Downgrade: In contrast, Flutter Entertainment (FLUT) was downgraded to Equalweight due to lower handle growth and higher promotional activities, with analysts expecting disappointing earnings reflecting increased market competition.
- Price Target Analysis: DraftKings' price target is set at $49, representing a 40% upside potential, while Flutter's target is $228, indicating only a 12% upside, highlighting a significant disparity between the two companies.
- Market Reaction: DraftKings shares rose 1.3% in premarket trading to $34.77, while Flutter shares dipped 0.3% to $199.85, reflecting investor optimism regarding DraftKings' outlook.
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Analyst Views on DKNG
Wall Street analysts forecast DKNG stock price to rise
29 Analyst Rating
23 Buy
6 Hold
0 Sell
Strong Buy
Current: 22.160
Low
30.00
Averages
42.69
High
53.00
Current: 22.160
Low
30.00
Averages
42.69
High
53.00
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
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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