Downs led Indianapolis in receptions and targets in Week 5, benefiting from Pierce’s absence and a shifting Colts pass attack. His talent as a separator gives him rest-of-season upside if Pierce remains out or if Mitchell’s workload adjusts.

Josh Downs’ teammate Cam Bynum referenced alleged noise pumping in a Rams game on Downs’ podcast, highlighting Colts involvement in the broader SoFi noise discussion and extending the controversy beyond the 49ers-Rams rivalry.

Downs is 54% rostered but remains behind Pittman, Mitchell, and Warren in Indy’s target tree. The Colts’ offense features multiple targets and a growing Warren, which caps Downs’ Week 5 upside. He’s more of a wait-and-see in standard leagues, better suited for deeper formats or as a late-season placeholder if injuries strike.

Downs ranks among the top receivers in route-specific productivity, posting a 74.5 PFF receiving grade and leading Indy in targets on late downs. He’s Indy’s trusted option to convert key plays and stretch the field in this pass-heavy undercurrent.

Downs sits as a third-receiver option with a modest yardage profile through Week 3. He’s seen the third-most receptions on the Colts but lacks big-yardage games or frequent TDs, limiting upside in most formats this week.