DraftKings Investor Day: Analyst Sees TAM Growth Potential, Eyes FY28 Forecast Updates

• DraftKings shares are experiencing downward pressure. What’s pulling DKNG shares down?BofA Securities analyst Shaun C. Kelley expects management to highlight the DraftKings Predictions initiative and outline medium-term financial targets.Also, the analyst expects the company to discuss the total addressable market for prediction markets alongside an updated OSB and iGaming TAM, and provide revised revenue and profitability outlooks for the core business through 2028 and potentially 2030.The event should ...