Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
DKNG signals its profit path stays intact as third-quarter volatility eases and product expansion, partnerships and handle growth bolster its 2026 outlook.
FanDuel and DraftKings on Tuesday said they are quitting the American Gaming Association. Prediction platforms like Kalshi and Polymarket, which allow customers to trade on events across pop culture, news and politics, have skyrocketed in popularity, and sportsbooks have been getting in.
DraftKings' meltdown continues as it retests the 2.5Y bottom of $29s, thanks to the intensifying competition from the Prediction Markets and the customer-friendly sport outcomes in FQ3'25. This is worsened by the management's twice lowered FY2025 guidance, with it presenting visibility risks to its future execution. Otherwise, I believe that DKNG may outperform moving forward, thanks to the strategic accretion of ESPN Bet into its growing OSB mobile handle market share.
DraftKings (DKNG) is downgraded to a sell rating after a disappointing Q3 earnings report and a 20% year-to-date stock decline. DKNG's valuation remains stretched at 31x FY25 adjusted EBITDA, despite a significant guidance cut, and ongoing regulatory and competitive risks. The company was plagued by customer-friendly NFL outcomes in Q3, which is the same excuse that it made for poor earnings in the prior-year Q3.
For millions of American families, the Thanksgiving holiday is defined by two traditions: a turkey feast and football. While the on-field rivalries capture the nation's attention, a different kind of competition is taking place on the balance sheets of the companies that broadcast, stream, and facilitate wagers on these games.
DKNG weathers sharp sportsbook volatility as clustered NFL outcomes hit Q3 results, even as handle growth and retention signal underlying strength.
DKNG's 27.8% slide follows weak third-quarter results, softer 2025 guidance and rising spend on new products and media partnerships.
Three well-known stocks recently made bold moves to return more capital to shareholders, with over $5 billion in fresh buyback authorizations announced.
The sports betting firm said Wednesday that it will debut a stand-alone prediction market app called FanDuel Predicts, in partnership with CME Group.
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.