Mizuho Cuts DraftKings (NASDAQ:DKNG) Price Target to $44.00

DraftKings (NASDAQ:DKNG) had its price target cut by Mizuho from $46.00 to $44.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the stock.

DKNG has been the topic of several other research reports. Benchmark dropped their price objective on DraftKings from $37.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Macquarie Infrastructure dropped their price target on DraftKings from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company set a $30.00 price target on DraftKings in a research note on Monday. Texas Capital raised DraftKings to a “hold” rating in a report on Thursday, January 8th. Finally, Bank of America lowered their price objective on DraftKings from $37.50 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Twenty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

DraftKings Stock Performance

NASDAQ DKNG opened at $22.49 on Tuesday. The company has a market capitalization of $11.09 billion, a PE ratio of -562.25, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.09 and a current ratio of 1.03. DraftKings has a 52-week low of $21.01 and a 52-week high of $50.50. The company has a 50-day simple moving average of $31.22 and a 200 day simple moving average of $35.64.

Insider Buying and Selling

In other news, insider R Stanton Dodge sold 52,777 shares of the business’s stock in a transaction on 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 directly owned 500,000 shares in the company, valued at $16,005,000. The trade was a 9.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry Sloan acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $21.85 per share, for a total transaction of $2,185,000.00. Following the transaction, the director directly owned 350,219 shares of the company’s stock, valued at $7,652,285.15. This represents a 39.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 51.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dagco Inc. purchased a new stake in DraftKings in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. raised its position in shares of DraftKings by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock valued at $30,000 after buying an additional 405 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of DraftKings during the 3rd quarter worth $33,000. Asset Dedication LLC purchased a new position in DraftKings in the third quarter worth $37,000. Finally, Montag A & Associates Inc. grew its position in DraftKings by 82.5% in the fourth quarter. Montag A & Associates Inc. now owns 1,106 shares of the company’s stock worth $38,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 37.70% of the company’s stock.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Director Harry Sloan bought 100,000 shares at about $21.85, increasing his stake ~40% — a material insider purchase that can signal management confidence and support demand under the stock. Harry Sloan Acquires 100,000 Shares of DraftKings (NASDAQ:DKNG) Stock
• Positive Sentiment: Barclays reiterated a Buy, offering institutional validation that may attract buyers despite mixed Street sentiment. DraftKings (DKNG) Gets a Buy from Barclays
• Neutral Sentiment: DraftKings and FanDuel are weighing a launch in Arkansas; entry could add growth but the state’s strict revenue‑sharing model may limit near‑term margin/earnings impact. FanDuel and DraftKings eye Arkansas sports betting launch despite strict revenue-sharing model
• Negative Sentiment: Multiple brokers cut price targets after Q4 2025 results and a reduced FY2026 revenue outlook — Needham cut its PT to $35 (from $52), JPMorgan to $32, Oppenheimer to $35, Mizuho to $44 and others issued lower targets or more cautious commentary. These cuts lower near‑term upside expectations and are the main driver of today’s weakness. Needham Lowers DraftKings (DKNG) PT to $35 Following Earnings Miss, Reduced Revenue Outlook
• Negative Sentiment: Broader Street skepticism (Goldman, Citi, Truist flagged downside/pessimism) and negative commentary pieces are pressuring retail sentiment and may amplify selling into the weaker technicals (stock near its 52‑week low and below 50/200‑day averages). The Goldman Sachs Group Issues Pessimistic Forecast for DraftKings (NASDAQ:DKNG) Stock Price

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.