DraftKings Price Targets Vary Amid Mixed Analyst Outlooks

DraftKings (NASDAQ: DKNG) has received mixed analyst price target adjustments but maintains a generally positive outlook among investors and experts. Stifel Nicolaus recently lowered their price target from $53 to $51, while maintaining a Buy rating, citing favorable fundamentals and reduced legislative tax risks. Conversely, Truist Securities raised their price target to $55, reflecting ongoing confidence in DraftKings' growth potential. Benchmark also upgraded its price target from $45 to $50, reaffirming a Buy rating amid positive industry developments. Despite a recent 1% daily stock decline, DraftKings' stock has risen nearly 15% over the past month, outperforming the broader market and consumer discretionary sector. Analysts anticipate strong earnings growth for DraftKings, with projected significant year-over-year increases in earnings per share and revenue, supporting an average price target around $53 and an overall consensus rating of Outperform.