DraftKings (NASDAQ:DKNG) Price Target Cut to $30.00 by Analysts at Bank of America

DraftKings (NASDAQ:DKNG) had its target price cut by Bank of America from $37.50 to $30.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price objective suggests a potential upside of 19.24% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DraftKings in a research report on Wednesday, January 21st. Susquehanna set a $44.00 price objective on DraftKings in a report on Tuesday, January 27th. Wells Fargo & Company assumed coverage on DraftKings in a report on Tuesday, November 18th. They set an “equal weight” rating and a $31.00 target price on the stock. UBS Group reiterated a “buy” rating on shares of DraftKings in a research report on Wednesday, January 7th. Finally, Truist Financial lowered DraftKings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Twenty-three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.62.

DraftKings Stock Down 4.3%

NASDAQ:DKNG opened at $25.16 on Friday. The company’s 50 day moving average is $32.46 and its two-hundred day moving average is $36.41. The company has a market cap of $12.52 billion, a PE ratio of -44.14, a P/E/G ratio of 0.52 and a beta of 1.67. DraftKings has a twelve month low of $25.01 and a twelve month high of $53.61. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.51.

Insider Activity at DraftKings

In related news, insider R Stanton Dodge sold 52,777 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total transaction of $1,689,391.77. Following the completion of the transaction, the insider owned 500,000 shares in the company, valued at $16,005,000. This represents a 9.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 51.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DraftKings

A number of hedge funds have recently made changes to their positions in DKNG. Viking Global Investors LP acquired a new stake in shares of DraftKings in the third quarter worth approximately $561,125,000. Capital World Investors lifted its holdings in DraftKings by 181.4% in the 4th quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock valued at $641,867,000 after purchasing an additional 12,008,357 shares in the last quarter. Norges Bank acquired a new stake in DraftKings during the 2nd quarter worth $362,554,000. AQR Capital Management LLC boosted its stake in DraftKings by 63.5% during the 3rd quarter. AQR Capital Management LLC now owns 11,685,672 shares of the company’s stock worth $437,044,000 after purchasing an additional 4,538,007 shares during the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of DraftKings by 53,272.1% during the second quarter. Brown Advisory Inc. now owns 4,056,280 shares of the company’s stock worth $173,974,000 after buying an additional 4,048,680 shares in the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

Trending Headlines about DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Company reported 43% year‑over‑year revenue growth and said it posted record revenue and adjusted EBITDA for the quarter — underlying demand remains strong. DraftKings Reports Fourth Quarter Revenue Growth of 43%
• Positive Sentiment: Quarterly revenue of about $1.99B slightly topped consensus (~$1.96B), showing continued top‑line acceleration (+42.8% Y/Y). DraftKings Press Release / Slide Deck
• Neutral Sentiment: The company outlined ambitious plans to scale its prediction‑markets business in 2026 — this could drive long‑term growth but requires near‑term investment. DraftKings Shares Lofty Prediction Markets Goals in 2026 Outlook
• Neutral Sentiment: Pre‑earnings analyst pieces highlighted the stock’s stretched technicals and the potential for an earnings‑driven reversal; these previews increased attention but did not change fundamentals. DraftKings Set To Report Q4 Earnings: What To Watch
• Negative Sentiment: Reported EPS of $0.36 missed consensus (Zacks/Street ~ $0.45–$0.50), despite the revenue beat — the earnings miss disappointed investors focused on near‑term profitability. DraftKings (DKNG) Misses Q4 Earnings and Revenue Estimates
• Negative Sentiment: FY‑2026 revenue guidance of roughly $6.5B–$6.9B came in below the street (~$7.3B), signaling slower near‑term growth than analysts expected and prompting downward revisions. DraftKings (DKNG) Reports Q4 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Bernstein trimmed its price target (from $41 to $32) ahead of results — analysts are recalibrating models after the mixed results and conservative guidance. What is the Street Saying About DraftKings Inc. (DKNG)?
• Negative Sentiment: Technicals: analysts noted the stock was trading near multi‑year lows ahead of the print, increasing downside sensitivity to any disappointment. DraftKings Stock Near 2-Year Lows Ahead of Earnings

DraftKings Company Profile

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.