Several brokerages have updated their recommendations and price targets on shares of DraftKings (NASDAQ: DKNG) in the last few weeks:
- 7/10/2026 – DraftKings had its price target raised by TD Cowen from $30.00 to $35.00. They now have a “buy” rating on the stock.
- 7/9/2026 – DraftKings had its price target raised by Deutsche Bank Aktiengesellschaft from $26.00 to $28.00. They now have a “hold” rating on the stock.
- 7/1/2026 – DraftKings had its price target lowered by Susquehanna from $32.00 to $31.00. They now have a “positive” rating on the stock.
- 6/25/2026 – DraftKings had its price target raised by Citizens Jmp from $34.00 to $36.00. They now have a “market outperform” rating on the stock.
- 6/24/2026 – DraftKings had its “buy” rating reaffirmed by Guggenheim. They now have a $35.00 price target on the stock.
- 6/22/2026 – DraftKings had its “buy” rating reaffirmed by Benchmark Co..
- 6/22/2026 – DraftKings had its “market outperform” rating reaffirmed by Citigroup Inc..
- 6/22/2026 – DraftKings had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $34.00 price target on the stock.
- 6/11/2026 – DraftKings had its “outperform” rating reaffirmed by Sanford C. Bernstein.
- 6/10/2026 – DraftKings had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
- 6/8/2026 – DraftKings had its “buy” rating reaffirmed by TD Cowen. They now have a $30.00 price target on the stock.
- 6/5/2026 – DraftKings had its price target raised by UBS Group AG from $43.00 to $49.00. They now have a “buy” rating on the stock.
- 6/1/2026 – DraftKings was given a new $29.00 price target by New Street Research.
- 6/1/2026 – DraftKings had its “buy” rating reaffirmed by Benchmark Co..
- 6/1/2026 – DraftKings had its “market outperform” rating reaffirmed by Citigroup Inc..
- 5/21/2026 – DraftKings had its “overweight” rating reaffirmed by Morgan Stanley.
- 5/20/2026 – DraftKings had its “buy” rating reaffirmed by UBS Group AG. They now have a $43.00 price target on the stock.
- 5/20/2026 – DraftKings was upgraded by Zacks Research from “strong sell” to “hold”.
- 5/20/2026 – DraftKings was upgraded by Freedom Capital to “strong-buy”.
- 5/14/2026 – DraftKings had its price target lowered by Morgan Stanley from $40.00 to $39.00. They now have an “overweight” rating on the stock.
- 5/14/2026 – DraftKings is now covered by BNP Paribas Exane. They set an “underperform” rating and a $20.00 price target on the stock.
- 5/14/2026 – DraftKings was upgraded by BNP Paribas Exane to “strong sell”.
Insider Buying and Selling
In related news, Director Woodrow Levin sold 34,234 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $25.71, for a total value of $880,156.14. Following the completion of the transaction, the director directly owned 29,820 shares in the company, valued at $766,672.20. The trade was a 53.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider R Stanton Dodge sold 62,500 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $29.68, for a total transaction of $1,855,000.00. Following the sale, the insider directly owned 556,258 shares in the company, valued at $16,509,737.44. This trade represents a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,596 shares of company stock valued at $2,756,991 over the last three months. 47.18% of the stock is currently owned by corporate insiders.
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.
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