Benchmark Has Lowered Expectations for DraftKings (NASDAQ:DKNG) Stock Price

DraftKings (NASDAQ:DKNG) had its target price reduced by equities research analysts at Benchmark from $37.00 to $29.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 15.26% from the company’s current price.

A number of other equities analysts have also commented on the stock. Macquarie Infrastructure reduced their price target on shares of DraftKings from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Northland Securities raised DraftKings from an “under perform” rating to a “market perform” rating in a report on Monday, November 10th. Rothschild & Co Redburn set a $35.00 price objective on DraftKings in a research note on Friday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of DraftKings in a report on Wednesday, November 19th. Finally, Texas Capital raised shares of DraftKings to a “hold” rating in a report on Thursday, January 8th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DraftKings currently has a consensus rating of “Moderate Buy” and an average target price of $45.14.

DraftKings Stock Performance

DraftKings stock opened at $25.16 on Friday. The firm has a market capitalization of $12.52 billion, a P/E ratio of -44.14, a P/E/G ratio of 0.52 and a beta of 1.67. The stock has a fifty day moving average price of $32.46 and a two-hundred day moving average price of $36.41. DraftKings has a 52-week low of $25.01 and a 52-week high of $53.61. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.10 and a quick ratio of 1.09.

Insider Activity

In other news, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total value of $1,689,391.77. Following the transaction, the insider owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. This trade represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 51.19% of the company’s stock.

Hedge Funds Weigh In On DraftKings

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in shares of DraftKings by 1,996.2% during the 3rd quarter. Nordea Investment Management AB now owns 421,127 shares of the company’s stock worth $16,205,000 after acquiring an additional 401,037 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of DraftKings by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,473,099 shares of the company’s stock valued at $279,494,000 after purchasing an additional 79,152 shares in the last quarter. Helios Capital Management PTE. Ltd. increased its stake in shares of DraftKings by 926.0% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 114,000 shares of the company’s stock valued at $4,889,000 after purchasing an additional 102,889 shares during the last quarter. Claro Advisors LLC raised its holdings in shares of DraftKings by 121.4% during the 2nd quarter. Claro Advisors LLC now owns 39,915 shares of the company’s stock worth $1,712,000 after buying an additional 21,890 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of DraftKings by 10.0% during the 2nd quarter. Swiss National Bank now owns 1,361,964 shares of the company’s stock worth $58,415,000 after buying an additional 124,200 shares during the last quarter. 37.70% of the stock is owned by institutional investors.

DraftKings News Summary

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

About DraftKings

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.