DraftKings (NASDAQ:DKNG) Price Target Cut to $44.00 by Analysts at Mizuho

DraftKings (NASDAQ:DKNG) had its target price trimmed by Mizuho from $46.00 to $44.00 in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

DKNG has been the subject of a number of other reports. BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price on shares of DraftKings in a report on Friday. Truist Financial lowered shares of DraftKings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Barclays lowered their price objective on shares of DraftKings from $44.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday. Canaccord Genuity Group cut their target price on DraftKings from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Benchmark lowered their price target on DraftKings from $37.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Twenty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DraftKings presently has an average rating of “Moderate Buy” and a consensus price target of $37.89.

DraftKings Stock Up 3.8%

Shares of NASDAQ:DKNG opened at $22.59 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.51. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of -564.75, a PEG ratio of 0.43 and a beta of 1.67. The stock’s 50-day moving average price is $31.69 and its two-hundred day moving average price is $35.82. DraftKings has a 12-month low of $21.01 and a 12-month high of $53.50.

Insider Transactions at DraftKings

In other news, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 47.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DraftKings

A number of institutional investors have recently modified their holdings of DKNG. Nordea Investment Management AB raised its stake in shares of DraftKings by 1,996.2% in the third 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 during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of DraftKings by 1.1% in the third 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 holdings in shares of DraftKings by 926.0% in the second 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 in the last quarter. Claro Advisors LLC raised its position in DraftKings by 121.4% in the 2nd quarter. Claro Advisors LLC now owns 39,915 shares of the company’s stock worth $1,712,000 after purchasing an additional 21,890 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Meridian Hedged Equity Fund (ArrowMark-managed) reiterated confidence in DraftKings’ earnings outlook in its Q4 2025 investor letter, signaling continued institutional support. Meridian Letter
• Positive Sentiment: Mizuho kept an “outperform” rating after a modest target cut to $44, which still implies a large percentage upside versus the current price — a signal that some brokers see material longer-term upside. Mizuho Note
• Neutral Sentiment: Several major brokerages (JPMorgan to $32, Goldman to $31, Citi to $32, Truist to $33, Oppenheimer to $35, Needham to $35) lowered price targets today but largely maintained Buy/Outperform/Overweight ratings — showing reduced near-term expectations but continued analyst conviction. This mixed signal likely fuels intraday volatility. Analyst Roundup
• Neutral Sentiment: DraftKings is a “trending” stock on investor sites (Zacks coverage), which can amplify short-term flows and volatility independent of fundamentals. Short-interest data reported today is unreliable (zero/NaN), so its impact is unclear. Zacks Article
• Negative Sentiment: Analysis on Seeking Alpha highlights that DraftKings’ Q4 was strong but 2026 guidance is conservative and growth appears to be slowing — a near-term headwind for multiples and investor sentiment. Seeking Alpha
• Negative Sentiment: Short-form cautions (e.g., BayStreet piece “Beware of Pinterest and DraftKings”) add to the skeptical narrative among some retail/commentary channels, which can pressure sentiment even without new fundamental news. BayStreet

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.