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DraftKings has a new catalyst to lift its share price.

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Is DraftKings stock an undervalued stock to buy?

DRAY

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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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.

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

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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BNP Paribas

Exane BNP Paribas downgrades DraftKings (DKNG) to a Sell

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.

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

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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Flutter Entertainment Plc

DraftKings Gets Rare Sell Rating as Kalshi, Polymarket Threaten Growth

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

DraftKings (DKNG) stock rose on Tuesday after Mizuho raised its price target from $44 to $45, maintaining an outperform rating. This follows a positive Q1 earnings report where DraftKings reported adjusted earnings of 20 cents per share, significantly above the consensus estimate. The company now operates mobile sports betting in 27 states, covering 53% of the U.S. population. As of Tuesday, shares were up 1.86% at $24.96, with key resistance at $26.50 and support at $21.

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Mizuho Financial

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Mizuho Financial Group, Inc.

What Is Going On With DraftKings Stock On Tuesday?

DraftKings (DKNG) reported its first quarter 2026 results, showcasing higher sales and profitability, alongside an expansion into prediction markets. Despite a recent stock price increase of 10.26%, the year-to-date return is down 31.27%. Analysts suggest a fair value of $35.95, indicating the stock is undervalued. However, concerns remain regarding regulatory impacts and market sentiment. The stock trades at a P/S ratio of 1.9, higher than industry peers, suggesting potential upside or downside depending on market shifts. Investors are encouraged to explore other opportunities in the sector.

Simplywall

Assessing DraftKings (DKNG) Valuation After Profitability Milestone And Prediction Markets Expansion

Shares of DraftKings Inc. Cl A (DKNG) fell 3.96% to $24.51 on Monday, underperforming the overall market, which saw the NASDAQ Composite rise 0.10% and the Dow Jones Industrial Average increase by 0.19%. This decline ended a two-day winning streak for the stock, which remains 49.75% below its 52-week high of $48.78 reached on September 5th. Trading volume was 13.6 million, slightly above the 50-day average of 13.5 million.

DraftKings Inc. Cl A Stock Falls Monday, Underperforms Market

T-REX 2X Long DKNG Daily Target ETF(DKUP.US)

Is DraftKings stock an undervalued stock to buy?

DraftKings Inc. Cl A Stock Rises Monday, Outperforms Market

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

Exane BNP Paribas downgrades DraftKings (DKNG) to a Sell

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