DraftKings Inc. (NASDAQ:DKNG) Sees Price Target Adjustment Amidst Market Volatility

Font: Financial Modeling Prep  • Feb 16, 2026

• Bernstein sets a new price target of $28 for DraftKings, indicating a potential upside of 28.68%.
• The stock becomes a focal point on Zacks.com, suggesting increased investor interest and potential growth opportunities.
• Despite recent market volatility, DraftKings maintains a strong market capitalization of approximately $10.83 billion.

DraftKings Inc. (NASDAQ:DKNG) is a prominent player in the digital sports entertainment and gaming industry. The company offers daily fantasy sports, sports betting, and iGaming opportunities. As a leader in this space, DraftKings competes with other major companies like FanDuel and BetMGM. The stock is currently trading at $21.76, reflecting a recent decrease of 13.51%.

On February 16, 2026, Bernstein set a price target of $28 for DraftKings, suggesting a potential upside of approximately 28.68% from its current price. This revised target was lowered from a previous target of $32. Despite this adjustment, the potential for growth remains significant, especially given the stock's recent attention on platforms like Zacks.com.

DraftKings has become one of the most watched stocks on Zacks.com, indicating heightened interest and potential developments. This increased attention could signal opportunities for investors, as the stock continues to trend in the financial community. The stock's trading volume today is 65.83 million shares, reflecting active investor engagement.

The stock has fluctuated between a low of $21.01 and a high of $22.78 today, with a 52-week high of $53.50 and a low of $21.01. This volatility presents both challenges and opportunities for investors. DraftKings' market capitalization stands at approximately $10.83 billion, underscoring its significant presence in the market.