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

DraftKings (NASDAQ:DKNG) had its price objective cut by Truist Financial from $45.00 to $33.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

DKNG has been the topic of a number of other research reports. Texas Capital upgraded DraftKings to a “hold” rating in a research note on Thursday, January 8th. Northland Securities upgraded shares of DraftKings from an “under perform” rating to a “market perform” rating in a report on Monday, November 10th. Citigroup started coverage on shares of DraftKings in a report on Friday, November 21st. They set a “buy” rating and a $48.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of DraftKings in a research note on Wednesday, January 21st. Finally, BTIG Research reduced their target price on shares of DraftKings from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Twenty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.89.

DraftKings Trading Up 3.8%

Shares of NASDAQ DKNG opened at $22.59 on Tuesday. DraftKings has a fifty-two week low of $21.01 and a fifty-two week high of $53.50. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.09 and a current ratio of 1.10. The company 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 business’s 50 day moving average price is $31.69 and its 200-day moving average price is $35.82.

Insider Activity at DraftKings

In other news, insider R Stanton Dodge sold 52,777 shares of the 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 transaction, the insider directly owned 500,000 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 47.08% of the company’s stock.

Institutional Trading of DraftKings

Several hedge funds and other institutional investors have recently bought and sold shares of DKNG. Dagco Inc. bought a new position in shares of DraftKings in the 4th quarter worth $26,000. Ameriflex Group Inc. grew its stake in DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock valued at $30,000 after purchasing an additional 405 shares during the last quarter. Root Financial Partners LLC purchased a new position in DraftKings in the third quarter valued at about $33,000. Asset Dedication LLC bought a new position in DraftKings in the third quarter worth about $37,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of DraftKings during the second quarter valued at about $45,000. Institutional investors own 37.70% of the company’s stock.

DraftKings News Roundup

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.