StreetInsider.com News Articles

DraftKings Inc. (DKNG) PT Lowered to $38 at Stifel on Unfavourable June Outcomes

Wed, 22 Jul 2026 07:21:56 -0400

Stifel analyst Jeffrey Stantial lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $38.00 (from $40.00) while maintaining a Buy rating.

The analyst commented, "We update our model to adjust cadence of predictions and World Cup marketing investment, and to factor unfavorable June outcomes (Knicks championship; high WC player props & O/U hit-rate). Our bridge from DraftKings' Q1 disclosures factors: 1) $300M 'normalized' Q2 Adj. EBITDA ($100M disclosed in April, annualized), less 2) $125M of predictions and World Cup marketing investment (started universal 'bet $5, get $200' in June), less 3) $50M of adverse hold impact. Our FY26E Adj. EBITDA

DraftKings Inc. (DKNG) PT Lowered to $38 at Stifel on Unfavourable June Outcomes

Wed, 22 Jul 2026 07:21:56 -0400

Stifel analyst Jeffrey Stantial lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $38.00 (from $40.00) while maintaining a Buy rating.

DraftKings and Flutter to report Q2 earnings in early August, BofA previews

Tue, 21 Jul 2026 05:57:19 -0400

Investing.com -- Bank of America lowered its second-quarter earnings estimates for DraftKings (NASDAQ:DKNG) and Flutter Entertainment ahead of their upcoming earnings reports scheduled for early August.

Flutter Entertainment is scheduled to report earnings on August 5, followed by DraftKings on August 6. Bank of America reduced its second-quarter EBITDA estimate for FanDuel to $110 million, compared to the Street's $113 million estimate. The firm also lowered its DraftKings second-quarter EBITDA estimate to $120 million, down from the Street's $173 million estimate.

The bank reduced its 2026 EBITDA estimate for DraftKings to $625 million from $700 million. The lower estimate reflects unfavorable hold

DraftKings and Flutter to report Q2 earnings in early August, BofA previews

Tue, 21 Jul 2026 05:57:19 -0400

The bank reduced its 2026 EBITDA estimate for DraftKings to $625 million from $700 million. The lower estimate reflects unfavorable hold

DraftKings (DKNG) Reiterated at Buy by Benchmark After a Strong Week of Betting Activity

Mon, 20 Jul 2026 07:16:07 -0400

Benchmark analyst Michael Hickey reiterated a Buy rating and $29.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst commented, "New York online sports betting delivered another strong week of betting activity, with handle increasing 41.3% YoY and GGR rising 88.5% YoY, supported by hold of 14.2%, up +360 bps versus 10.6% last year. The sharp improvement in hold versus Week 1 suggests the unfavorable World Cup outcomes captured in the opening week of the quarter largely reversed as the tournament progressed. DraftKings reported handle growth of 35.1% YoY and GGR growth of 86.6% YoY, as hold expanded to 14.2%, up

DraftKings Inc. (DKNG) PT Lowered to $29 at Truist Securities

Mon, 20 Jul 2026 07:10:25 -0400

Truist Securities analyst Barry Jonas lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $29.00 (from $30.00) while maintaining a Buy rating.

DraftKings Inc. (DKNG) PT Lowered to $29 at Wells Fargo

Mon, 20 Jul 2026 05:54:22 -0400

Wells Fargo analyst Trey Bowers lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $29.00 (from $32.00) while maintaining a Overweight rating.

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'

Mon, 20 Jul 2026 05:23:35 -0400

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'.

The analyst comments "The tournament's closing rounds were more balanced for operators than the knockout rounds that preceded them, as all four favorites advanced in the quarterfinals but two required extra time, and just one of the four overs hit. While Argentina's comeback semifinal win over England was a material win for customers, Spain's upset of France favored operators as the public leaned heavily toward the French, and the final broke the operators' way. A goalless ninety minutes settled

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'

Mon, 20 Jul 2026 05:23:35 -0400

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'.

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'

Mon, 20 Jul 2026 05:23:35 -0400

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'.

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'

Mon, 20 Jul 2026 05:23:35 -0400

Canaccord: 'we view the tournament as a modest hold headwind for US operators (DKNG) and more neutral for their international peers (SGHC)'.

DraftKings Inc. (DKNG) PT Raised to $34 at JPMorgan

Wed, 15 Jul 2026 08:30:54 -0400

JPMorgan analyst Daniel Politzer raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $34.00 (from $31.00) while maintaining a Overweight rating.

DraftKings to Release Second Quarter 2026 Results on August 6, 2026 and Host Conference Call on August 7, 2026

Wed, 15 Jul 2026 07:30:00 -0400

BOSTON--(BUSINESS WIRE)-- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2026 results after the close of market trading on Thursday, August 6, 2026.

DraftKings will host a conference call and audio webcast the following morning, Friday, August 7, 2026, at 8:30 a.m. ET, during which management will discuss the Company’s results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings’ investor relations website at ir.aboutdraftkings.com. The audio webcast will be available on the Company’s investor relations

DraftKings to Release Second Quarter 2026 Results on August 6, 2026 and Host Conference Call on August 7, 2026

Wed, 15 Jul 2026 07:30:00 -0400

DraftKings to Release Second Quarter 2026 Results on August 6, 2026 and Host Conference Call on August 7, 2026

Wed, 15 Jul 2026 07:30:00 -0400

DraftKings to Release Second Quarter 2026 Results on August 6, 2026 and Host Conference Call on August 7, 2026

Wed, 15 Jul 2026 07:30:00 -0400

DraftKings (DKNG) Reiterated at Buy by Benchmark Ahead of Earnings

Mon, 13 Jul 2026 07:52:51 -0400

Benchmark analyst Michael Hickey reiterated a Buy rating and $29.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst commented, "We reiterate our Buy rating and $29 PT. We maintain our view that customer-friendly sports outcomes pressured 2Q results. The more challenging 3Q sports calendar was incorporated into company guidance and will create a quarterly headwind, although we believe it should be more than offset by an exceptionally easy prior-year sportsbook comparison. Separately, we reaffirm our view that DraftKings accelerated the phasing of PM investment during 2Q and now believe the company will increase full-year spending, as strong volume growth, World

DraftKings Inc. (DKNG) PT Raised to $35 at TD Cowen on 'Long-Term Predictions Upside'

Fri, 10 Jul 2026 09:25:14 -0400

(Updated - July 10, 2026 9:25 AM EDT)

TD Cowen analyst Lance Vitanza raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $35.00 (from $30.00) while maintaining a Buy rating.

The analyst commented: "Near-Term Pressure, Long-Term Predictions Upside; World Cup engagement reinforces our view that prediction markets could become a meaningful incremental opportunity for DraftKings. While early adoption has favored pureplay platforms, we view current trends as evidence of category formation rather than evidence that long-term winners have been determined. We lower 2Q ests to reflect accelerated investment but remain bullish on the LT upside."

DraftKings Inc. (DKNG) PT Raised to $35 at TD Cowen on 'Long-Term Predictions Upside'

Fri, 10 Jul 2026 09:25:14 -0400

(Updated - July 10, 2026 9:25 AM EDT)

TD Cowen analyst Lance Vitanza raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $35.00 (from $30.00) while maintaining a Buy rating.

Goldman Sachs bans staff from prediction-market bets on finance, war - Bloomberg

Thu, 09 Jul 2026 14:49:39 -0400

(Updated - July 9, 2026 2:49 PM EDT)

Goldman Sachs bans staff from prediction-market bets on finance, war - Bloomberg

Goldman Allows Sports, Entertainment Bets In New Policy

Goldman Sachs bans staff from prediction-market bets on finance, war - Bloomberg

Thu, 09 Jul 2026 14:49:39 -0400

(Updated - July 9, 2026 2:49 PM EDT)

Goldman Sachs bans staff from prediction-market bets on finance, war - Bloomberg

Goldman Allows Sports, Entertainment Bets In New Policy

Goldman Sachs bans staff from prediction-market bets on finance, war - Bloomberg

Thu, 09 Jul 2026 14:49:39 -0400

(Updated - July 9, 2026 2:49 PM EDT)

Goldman Sachs bans staff from prediction-market bets on finance, war - Bloomberg

Goldman Allows Sports, Entertainment Bets In New Policy

DraftKings to launch sportsbook and casino in Alberta on July 13

Thu, 09 Jul 2026 07:30:24 -0400

DraftKings Inc. (NASDAQ: DKNG) announced plans to launch its online sportsbook and casino, along with its Golden Nugget Online Gaming brand, in Alberta, Canada on July 13.

Alberta will become the second Canadian province and the 34th jurisdiction across North America where DraftKings Sportsbook is available. DraftKings Casino will be available in five U.S. states, and Golden Nugget Online Gaming casino in four U.S. states, with both brands also available in Alberta and Ontario.

To mark the launch, DraftKings employees will volunteer with Food Banks Alberta and present a $150,000 donation to the organization. The funds are intended to purchase over 40,000

DraftKings Set to Launch Online Sportsbook and Casino in Alberta on July 13

Thu, 09 Jul 2026 07:30:00 -0400

Celebrations include a watch party for World Cup and volunteer community event

BOSTON--(BUSINESS WIRE)-- DraftKings Inc. (Nasdaq: DKNG) today announced plans to launch its top-rated online sportsbook and casino, along with its Golden Nugget Online Gaming brand, in Alberta on July 13. Alberta will become the second Canadian province and the 34th jurisdiction across North America where DraftKings Sportsbook is available. With the launch, DraftKings Casino will be available in five U.S. states and Golden Nugget Online Gaming casino in four U.S. states, with both brands available in Alberta and Ontario in Canada.

Ahead of the official launch,

DraftKings Set to Launch Online Sportsbook and Casino in Alberta on July 13

Thu, 09 Jul 2026 07:30:00 -0400

Celebrations include a watch party for World Cup and volunteer community event

Ahead of the official launch,