Investment Analysts’ Recent Ratings Changes for DraftKings (DKNG)

A number of research firms have changed their ratings and price targets for DraftKings (NASDAQ: DKNG):

• 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”.
• 5/12/2026 – DraftKings had its price target raised by Citigroup Inc. from $29.00 to $30.00. They now have a “buy” rating on the stock.
• 5/12/2026 – DraftKings had its price target raised by Mizuho from $44.00 to $45.00. They now have an “outperform” rating on the stock.
• 5/11/2026 – DraftKings was downgraded by Weiss Ratings from “sell (d+)” to “sell (d)”.
• 5/11/2026 – DraftKings was given a new $27.00 price target by Northland Securities.
• 5/11/2026 – DraftKings had its price target lowered by Guggenheim from $37.00 to $35.00. They now have a “buy” rating on the stock.
• 5/11/2026 – DraftKings had its price target raised by Barclays PLC from $33.00 to $35.00. They now have an “overweight” rating on the stock.
• 5/11/2026 – DraftKings had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $35.00 price target on the stock.
• 5/10/2026 – DraftKings had its “overweight” rating reaffirmed by Wells Fargo & Company. They now have a $32.00 price target on the stock.
• 5/8/2026 – DraftKings had its price target raised by BTIG Research from $28.00 to $30.00. They now have a “buy” rating on the stock.
• 4/24/2026 – DraftKings is now covered by Stephens. They set an “overweight” rating on the stock.
• 4/24/2026 – DraftKings was upgraded by Scotiabank to “outperform”.
• 4/24/2026 – DraftKings was upgraded by Raymond James Financial, Inc. from “market perform” to “outperform”.
• 4/24/2026 – DraftKings was downgraded by Deutsche Bank Aktiengesellschaft from “hold” to “hold”.
• 4/24/2026 – DraftKings was downgraded by Jefferies Financial Group Inc. from “buy” to “hold”.
• 4/24/2026 – DraftKings was upgraded by Roth Mkm from “sell” to “buy”.
• 4/24/2026 – DraftKings was upgraded by HSBC Holdings plc from “hold” to “hold”.
• 4/24/2026 – DraftKings is now covered by Guggenheim. They set a “buy” rating on the stock.
• 4/24/2026 – DraftKings is now covered by Wedbush. They set an “outperform” rating on the stock.
• 4/24/2026 – DraftKings was downgraded by Moffett Nathanson from “buy” to “neutral”. They now have a $27.00 price target on the stock, down from $38.00.
• 4/21/2026 – DraftKings had its price target lowered by Truist Financial Corporation from $33.00 to $30.00. They now have a “buy” rating on the stock.
• 4/16/2026 – DraftKings had its price target lowered by Barclays PLC from $37.00 to $33.00. They now have an “overweight” rating on the stock.
• 4/16/2026 – DraftKings had its price target lowered by Citigroup Inc. from $32.00 to $29.00. They now have a “buy” rating on the stock.
• 4/16/2026 – DraftKings had its price target lowered by JPMorgan Chase & Co. from $32.00 to $31.00. They now have an “overweight” rating on the stock.
• 4/7/2026 – DraftKings had its price target raised by Wells Fargo & Company from $30.00 to $31.00. They now have an “overweight” rating on the stock.
• 4/1/2026 – DraftKings had its price target lowered by Citizens Jmp from $38.00 to $34.00. They now have a “market outperform” rating on the stock.
• 3/31/2026 – DraftKings had its price target lowered by Susquehanna from $33.00 to $32.00. They now have a “positive” rating on the stock.
• 3/23/2026 – DraftKings had its “buy” rating reaffirmed by BTIG Research. They now have a $35.00 price target on the stock.

Insider Buying and Selling

In other news, Director Woodrow Levin sold 34,234 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $25.71, for a total value of $880,156.14. Following the transaction, the director directly owned 29,820 shares in the company, valued at $766,672.20. This trade represents a 53.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Liberman sold 484,417 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $25.16, for a total value of $12,187,931.72. Following the completion of the transaction, the insider owned 213,597 shares in the company, valued at $5,374,100.52. This represents a 69.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 530,952 shares of company stock valued at $13,357,464 over the last 90 days. Company insiders own 47.18% of the company’s stock.

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

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.