DraftKings (NASDAQ:DKNG) Price Target Lowered to $33.00 at Truist Financial

DraftKings (NASDAQ:DKNG) had its price objective lowered by stock analysts at Truist Financial from $45.00 to $33.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 52.86% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Bank of America cut their price target on shares of DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a research note on Friday. Needham & Company LLC lowered their target price on DraftKings from $52.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on DraftKings from $51.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Stifel Nicolaus set a $40.00 price objective on DraftKings in a research report on Tuesday. Finally, Mizuho dropped their price objective on DraftKings from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday. Twenty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DraftKings presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.48.

DraftKings Stock Performance

DKNG stock traded down $0.17 on Tuesday, reaching $21.59. 4,686,772 shares of the company were exchanged, compared to its average volume of 16,199,166. The stock’s fifty day moving average price is $31.94 and its 200 day moving average price is $35.97. DraftKings has a 12 month low of $21.01 and a 12 month high of $53.50. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.10 and a quick ratio of 1.09. The firm has a market capitalization of $10.75 billion, a PE ratio of -539.25, a PEG ratio of 0.43 and a beta of 1.67.

Insiders Place Their Bets

In other news, insider R Stanton Dodge sold 52,777 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total value of $1,689,391.77. Following the sale, the insider directly owned 500,000 shares in the company, valued at $16,005,000. The trade was a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 47.08% of the company’s stock.

Hedge Funds Weigh In On DraftKings

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DKNG. Viking Global Investors LP acquired a new position in shares of DraftKings in the third quarter valued at approximately $561,125,000. Capital World Investors grew 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 buying an additional 12,008,357 shares in the last quarter. Norges Bank bought a new position in DraftKings during the 2nd quarter worth $362,554,000. AQR Capital Management LLC lifted its holdings in shares of DraftKings by 63.5% during the third quarter. AQR Capital Management LLC now owns 11,685,672 shares of the company’s stock worth $437,044,000 after buying an additional 4,538,007 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of DraftKings by 53,272.1% in the second quarter. Brown Advisory Inc. now owns 4,056,280 shares of the company’s stock valued at $173,974,000 after acquiring an additional 4,048,680 shares during the period. 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: CEO commentary highlights AI optimization and opportunities from prediction markets, which management says will enhance user experience and future monetization — a fundamental upside catalyst if execution continues. DraftKings CEO on Sports Betting Uptick, Using AI & Prediction Markets
• Neutral Sentiment: Zacks flags DKNG as a trending stock, increasing attention but not providing new fundamental data — could boost short‑term interest/volume without changing fundamentals. Zacks Trending Stock Article
• Neutral Sentiment: Short‑interest report in the feed appears internally inconsistent (reports 0 shares / NaN change), so no reliable signal on investor positioning from that item; treat as data noise.
• Negative Sentiment: Needham cut its price target from $52 to $35 but kept a “buy” rating — a sizable reduction that likely weighs on sentiment and near‑term stock direction. Needham Price Target Cut
• Negative Sentiment: Oppenheimer lowered its target from $50 to $35 while maintaining an “outperform” rating — another substantial trim that adds selling pressure despite the still‑bullish stance. Benzinga on Oppenheimer Cut The Fly on Oppenheimer Cut
• Negative Sentiment: Mizuho trimmed its target from $46 to $44 but kept an “outperform” view — a modest cut that still contributes to the overall down‑shift in analyst expectations. Mizuho Price Target Cut
• Negative Sentiment: Seeking Alpha analysis: Q4 results were record, but 2026 guidance is conservative and shows slowing revenue growth — this guidance is a key reason analysts pared targets and likely the biggest near‑term negative fundamental signal. Seeking Alpha Coverage

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.