Defiance Daily Target 2X Long DKNG ETF

FactSet: DraftKings EPS Forecast for 2026 Median Revised Down to $0.27

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DraftKings Inc. faces challenges as BNP Paribas issues a rare sell rating, citing competition from Kalshi and Polymarket in the sports prediction market. The analyst warns that these markets could hinder DraftKings' growth and margin expansion, with over 50% of Kalshi and Polymarket users also using DraftKings. The stock has dropped 27% this year and is down 65% from its peak in March 2021. Muir-Sands sets a price target of $20, indicating a potential 20% downside, while noting the slow uptake of DraftKings' prediction market app and potential regulatory risks.

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DraftKings Gets Rare Sell Rating as Kalshi, Polymarket Threaten Growth

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DraftKings received a Sell rating and price target from Exane BNP Paribas analyst yesterday. The company’s shares closed today at $25.15.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks DraftKings has an analyst consensus of Moderate Buy, with a price target consensus of $34.63.

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Roundhill Sports Betting & iGaming ETF

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VanEck Gaming ETF

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BNP Paribas

Exane BNP Paribas downgrades DraftKings (DKNG) to a Sell

DraftKings has a new catalyst to lift its share price.

Is DraftKings stock an undervalued stock to buy?

DraftKings Inc. Cl A (DKNG) shares rose 3.12% to $25.78 on Monday, outperforming a mixed stock market session. The Dow Jones increased by 0.32%, while the NASDAQ fell by 0.51%. DraftKings remains 47.15% below its 52-week high of $48.78, reached on September 5th, with trading volume at 8.2 million, below the 50-day average of 12.9 million.

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Factset Research

DraftKings Inc. Cl A Stock Rises Monday, Outperforms Market

DraftKings (NASDAQ:DKNG) is focusing on prediction markets as a significant growth opportunity while its core online sports betting and iGaming businesses remain robust. During a discussion with MoffettNathanson analyst Robert Fishman, DraftKings highlighted its experience in various gaming sectors as a foundation for entering prediction markets. The company anticipates a $200 million to $300 million EBITDA impact by 2026 from this investment, while also emphasizing the importance of regulatory clarity and maintaining strong customer engagement.

Market Beat

Amazon

DraftKings Eyes Prediction Markets as ‘Next Evolution’ as Sportsbook Growth Holds Strong

OutKick, a national multimedia sports platform, reported a 101% increase in multiplatform minutes for April 2026, totaling 48 million. The platform also achieved 20 million views and 3.9 million unique visitors. OutKick outperformed competitors like Draft Kings and The Ringer, with significant social media engagement and video views. Senior VP Gary Schreier highlighted the platform's growth through engaging content. Additionally, Dan Dakich signed a multi-year deal to remain exclusive to OutKick.

prnewswire

Fox Corp -B

10:12 ETOUTKICK FINISHED APRIL 2026 WITH TRIPLE DIGIT GROWTH IN MINUTES

DraftKings Inc. reported strong Q1 earnings, with adjusted EPS of 20 cents and revenue of $1.646 billion, both exceeding estimates. The company has 4.2 million monthly unique payers and is live with mobile sports betting in 27 states. Despite a bullish short-term setup, the stock remains below long-term moving averages, indicating potential bearish trends. DraftKings shares rose 5.08% to $26.50, but are down 26.11% over the past year. Key support and resistance levels are at $21.00 and $26.50, respectively.

benzinga_article

DraftKings Reports Strong Start To 2026 With Q1 Double Beat

DraftKings Inc. Cl A (DKNG) shares rose 1.71% to $25.03 on Wednesday, outperforming the mixed stock market, with the NASDAQ up 1.20% and the Dow down 0.14%. This marks the second consecutive day of gains for DraftKings, although the stock remains 48.69% below its 52-week high of $48.78 reached on September 5th. Trading volume was 9.9 million, below the 50-day average of 13.4 million.

DraftKings Inc. Cl A Stock Rises Wednesday, Outperforms Market

Today, DraftKings Inc. (Nasdaq: DKNG) shared its financial results for the first quarter of 2026. The company reported revenue of $1,646 million for the three months ending on March 31, 2026, marking a 17% increase from the $1,409 million reported during the same period last year. DraftKings also released a business update and earnings presentation for the first quarter of 2026, both available on their website at ir.aboutdraftkings.com.

Unusual Whales

DraftKings Reports First Quarter Revenue of $1,646 Million

DraftKings shares rose in after-market trading following better-than-expected Q1 results, reporting revenue of $1.65 billion against a $1.63 billion expectation, and earnings per share of $0.03 versus a $0.01 estimate. The company maintained its full-year adjusted EBITDA guidance of $700 million to $900 million and sales guidance of $6.5 billion to $6.9 billion. Despite this, DraftKings has faced challenges with the rise of prediction markets, leading to a 25% decline in shares this year, while rival FanDuel's parent company has seen a 50% drop.

Sherwoodnews

DraftKings rises after reporting better-than-expected Q1 numbers

Defiance Daily Target 2X Long DKNG ETF(DKNX.US)