DraftKings(DKNG)
Search documents
BMO Capital Expresses Concern Over DraftKings’ (DKNG) 2026 Guidance, Prediction Market Competition
Yahoo Finance· 2026-02-18 14:27
DraftKings Inc. (NASDAQ:DKNG) is one of the best stocks under $50 to invest in. On February 13, BMO Capital analyst Brian Pitz lowered the firm’s price target on DraftKings to $42 from $50 while maintaining an Outperform rating. The analyst noted that the company’s 2026 guidance fell 8% below revenue and 20% below EBITDA estimates at the midpoint. This guidance is discouraging despite management’s claims that prediction markets have a minimal impact on business. Additionally, the firm also suggested that ...
Prediction Market ETFs? Roundhill Files For 6 Political Funds For 2026, 2028 Elections - Roundhill Sports Betting & iGaming ETF (ARCA:BETZ), DraftKings (NASDAQ:DKNG)
Benzinga· 2026-02-17 21:39
The rise of prediction markets has put the sports‑betting sector on alert, as consumers increasingly turn to platforms like Kalshi, Polymarket, and Robinhood to wager on sports outcomes — along with markets spanning entertainment and politics. Now, ETF issuer Roundhill Investments has filed for six politically focused prediction‑market ETFs that could push the sector even further.Roundhill's Prediction Market ETFsRoundhill Democratic President ETF (BLUP)Roundhill Republican President ETF (REDP)Roundhill Dem ...
Meridian Hedged Equity Fund Remains Confident in DraftKings’ (DKNG) Earnings Outlook
Yahoo Finance· 2026-02-17 16:35
Meridian Funds, managed by ArrowMark Partners, released its fourth-quarter 2025 investor letter for “Meridian Hedged Equity Fund”. A copy of the letter can be downloaded here. U.S. equity markets experienced a quarter supported by optimism about potential monetary easing and caution regarding economic growth and valuations. Early gains were driven by strong AI-related earnings and the US Federal Reserve’s rate cut in October, which improved expectations for financial conditions. However, market sentiment c ...
DraftKings Stock Is Oversold on Earnings Plunge. Should You Buy the Dip?
Yahoo Finance· 2026-02-17 15:08
DraftKings (DKNG) says record performance in Q4 helped it report its first-ever annual profit in 2025. Shares still crashed 13% late last week as investors reacted to its lukewarm guidance for the full year. The post-earnings slump pushed DKNG’s relative strength index (14-day) deep into the “oversold” territory, making it exciting for investors on the lookout for a bargain. More News from Barchart Down some 40% year-to-date, DraftKings stock is now trading at 22x forward earnings, which Jefferies dubb ...
DraftKings Inc. (NASDAQ:DKNG) Sees Price Target Adjustment Amidst Market Volatility
Financial Modeling Prep· 2026-02-16 20:04
Core Viewpoint - DraftKings Inc. is a leading entity in the digital sports entertainment and gaming sector, currently facing stock price fluctuations and market interest [1][5]. Group 1: Company Overview - DraftKings offers daily fantasy sports, sports betting, and iGaming opportunities, competing with major players like FanDuel and BetMGM [1]. - The company's stock is currently trading at $21.76, reflecting a decrease of 13.51% [1]. Group 2: Market Analysis - Bernstein has set a new price target of $28 for DraftKings, indicating a potential upside of approximately 28.68% from the current price, down from a previous target of $32 [2][5]. - The stock has seen significant trading activity, with a volume of 65.83 million shares today, indicating active investor engagement [3]. - DraftKings' market capitalization is approximately $10.83 billion, highlighting its substantial presence in the market [4][5]. Group 3: Stock Performance - 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, showcasing its volatility [4]. - Increased attention on platforms like Zacks.com suggests heightened investor interest and potential growth opportunities for DraftKings [3][5].
DraftKings Stock: Growth Is Slowing, Not Stopping (NASDAQ:DKNG)
Seeking Alpha· 2026-02-16 13:00
DraftKings Inc. ( DKNG ) released a Q4 report that sent the stock down by nearly -14%. While DraftKings’ financial performance was strong in the quarter, the 2026 financial guidance came in well below expectations. A number of factors seem toI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding ...
DraftKings: Growth Is Slowing, Not Stopping
Seeking Alpha· 2026-02-16 13:00
DraftKings Inc. ( DKNG ) released a Q4 report that sent the stock down by nearly -14%. While DraftKings’ financial performance was strong in the quarter, the 2026 financial guidance came in well below expectations. A number of factors seem toI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding ...
DraftKings Inc. (NASDAQ: DKNG) Investment Insights
Financial Modeling Prep· 2026-02-15 19:00
Jefferies maintains a "Buy" rating for DraftKings Inc. (NASDAQ: DKNG), suggesting the stock's recent downturn may be nearing its end.Institutional investors show mixed sentiment, with Cibc World Market Inc. reducing its stake, while Nordea Investment Management AB and Massachusetts Financial Services Co. MA increase theirs.DraftKings' stock has experienced a 13.51% decline, indicating potential volatility but also a possible buying opportunity for long-term investors.DraftKings Inc. (NASDAQ: DKNG) is a prom ...
DraftKings (DKNG) CEO on Sports Betting Uptick, Using AI & Prediction Markets
Youtube· 2026-02-15 18:00
Core Insights - DraftKings is experiencing stock fluctuations following its fourth-quarter results, attributed to cautious guidance and upcoming changes in its offerings [1][3] - The company is focusing on enhancing its prediction markets, which have seen significant interest, especially during events like the Super Bowl [2][15] Financial Performance - DraftKings reported a substantial increase in prediction market activity during the Super Bowl, with $1.5 billion traded in volume, indicating a growing interest in betting [15] - The company is acquiring several million users annually through its online sports betting app, with potential for significant growth through its new prediction market offerings [13][14] Product Development - DraftKings is committed to developing the best prediction product globally, leveraging existing investments in technology and marketing [5][27] - The company has made significant upgrades to its product, including partnerships with Crypto.com, enhancing content accessibility for customers [4][27] Market Strategy - The company aims to expand its reach into states where online sports betting is not yet available, targeting major markets like California, Texas, and Florida [11][12] - DraftKings plans to ramp up marketing efforts by the next NFL season to attract new customers through its prediction markets [12][27] Industry Trends - There is a growing trend towards interactive and gamified sports experiences, which is expected to drive increased participation in betting and prediction markets over the next 10 to 20 years [17][18] - The company believes that the integration of AI and machine learning will enhance operational efficiency and product offerings, contributing to its competitive edge [24][25]
Canaccord Adjusts DraftKings (DKNG) Amid Slowing State Handle Trends Despite Resilient Q4 Performance
Yahoo Finance· 2026-02-14 06:28
DraftKings Inc. (NASDAQ:DKNG) is one of the most promising low-cost stocks to buy now. On February 3, Canaccord Genuity analyst Michael Graham lowered the firm’s price target on DraftKings to $50 from $54 with a Buy rating. The adjustment followed a sell-off in digital gambling stocks driven by investor concerns over state reports showing decelerating handle trends in December and January. Despite these trends, the firm noted that recent data points to Q4 2025 results remaining broadly in line with expect ...