35.5% Below Target

The consensus Wall Street price target for DKNG is $35.75, representing 35.5% upside from the current price of $26.39. With 48 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

DKNG has a consensus rating of "Buy" based on 48 Wall Street analysts. The rating breakdown is predominantly bullish, with 35 Buy/Strong Buy ratings. The consensus 12-month price target of $35.75 implies 35.5% upside from current levels.

At a forward P/E of 111.822x, DKNG trades at a premium valuation. The consensus price target of $35.75 (35.5% upside) suggests analysts still see growth justifying the multiple.

The most bullish Wall Street analyst has a price target of $49 for DKNG, while the most conservative target is $26. The consensus of $35.75 represents the median expectation. Our quantitative valuation model projects a bull case target of $2 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

DKNG is heavily covered by Wall Street, with 48 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 35 have Buy ratings, 9 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month DKNG stock forecast based on 48 Wall Street analysts shows a consensus price target of $35.75, with estimates ranging from $26 (bear case) to $49 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $2, with bear/bull scenarios of $1/$2.

Our quantitative valuation model calculates DKNG's fair value at $2 (base case), with a bear case of $1 and bull case of $2. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 65/100.

DKNG trades at a forward P/E ratio of 111.8x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are very optimistic on DKNG, with a "Buy" consensus rating and $35.75 price target (35.5% upside). 35 of 48 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

DKNG analyst price targets range from $26 to $49, a 64% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $35.75 consensus represents the middle ground. Our model's $1-$2 range provides an independent fundamental perspective.