Fintel reports that on January 15, 2026, Wells Fargo upgraded their outlook for DraftKings (NasdaqGS:DKNG) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 33.23% Upside
As of January 14, 2026, the average one-year price target for DraftKings is $45.72/share. The forecasts range from a low of $30.30 to a high of $72.45. The average price target represents an increase of 33.23% from its latest reported closing price of $34.32 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DraftKings is 4,809MM, a decrease of 11.89%. The projected annual non-GAAP EPS is -2.48.
What is the Fund Sentiment?
There are 1,337 funds or institutions reporting positions in DraftKings. This is an decrease of 35 owner(s) or 2.55% in the last quarter. Average portfolio weight of all funds dedicated to DKNG is 0.39%, an increase of 2.84%. Total shares owned by institutions decreased in the last three months by 2.25% to 509,806K shares. 
The put/call ratio of DKNG is 0.50, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 19,543K shares representing 3.93% ownership of the company. In its prior filing, the firm reported owning 23,360K shares , representing a decrease of 19.53%. The firm decreased its portfolio allocation in DKNG by 90.04% over the last quarter.
T. Rowe Price Investment Management holds 18,866K shares representing 3.79% ownership of the company. In its prior filing, the firm reported owning 18,901K shares , representing a decrease of 0.19%. The firm decreased its portfolio allocation in DKNG by 15.74% over the last quarter.
Janus Henderson Group holds 16,789K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 16,756K shares , representing an increase of 0.19%. The firm decreased its portfolio allocation in DKNG by 68.64% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,181K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 14,685K shares , representing an increase of 3.27%. The firm increased its portfolio allocation in DKNG by 19.12% over the last quarter.
Viking Global Investors holds 15,003K shares representing 3.01% ownership of the company.
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