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DraftKings Inc.

DKNG · NASDAQ

Market closed$24.94$0.100000 (+0.40%)After hours $24.92 · -0.08%

Key statistics

Previous close$24.84
Open$24.32
Day high$25.01
Day low$24.06
52-week high$48.78
52-week low$20.46
Market cap12.37B
Volume12.67M
Average volume12.37M
P/E ratio36.68
Forward P/E13.12
EPS0.68
Dividend yield0.00%

Market context

Why it moved

DKNG edged modestly higher as the stock stabilized and found support following strong Q1 2026 earnings results showing 17% revenue growth and a 64% EBITDA surge, while investors look ahead to upcoming Q2 2026 earnings and potential tailwinds from the FIFA World Cup and NFL season.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026DraftKings edged up modestly as investors look ahead to its Q2 2026 earnings release scheduled for August 6, with a Seeking Alpha analysis highlighting that the stock's ~40% selloff appears disconnected from its 64% adjusted EBITDA increase in Q1. The broader casino sector is buzzing with M&A speculation following Tilman Fertitta's ~$18 billion offer for Caesars, while the regulatory landscape for online sportsbooks remains a key watchpoint — DraftKings also recently sued Philadelphia to block a consumer protection ordinance, adding to ongoing legal headwinds facing the company.

0.4026

July 17, 2026DraftKings declined as bearish pressure mounted from multiple fronts: short-seller The Bear Cave published its fourth report arguing that prediction market platform Kalshi is pulling users away from traditional sportsbooks, citing data showing DraftKings daily active users fell 32–41% after World Cup peak while Kalshi continued climbing. J.P. Morgan analyst Daniel Politzer also urged caution on DraftKings, citing unfavorable sportsbook hold tied to World Cup play, though he noted the company gained ~400,000 new customers via event contracts. Q2 earnings are scheduled for August 6.

-1.6238

July 16, 2026DraftKings closed essentially flat as investors weighed a series of constructive catalysts against ongoing sentiment headwinds. The company announced Q2 earnings will be released August 6, while notable developments include its Alberta iGaming launch — its 34th jurisdiction — and a JP Morgan price target raise to $34 (Overweight). Michael Burry's disclosed stake around $26 and TD Cowen's target hike to $35 have also boosted sentiment, though significant insider selling and analyst debate over prediction market margin pressure continue to weigh on the stock, which remains down over 36% in the past year.

0.1587

July 15, 2026DraftKings tumbled nearly 5% on Monday, underperforming the broader market as geopolitical-driven risk-off sentiment and a broader tech-growth rotation weighed on higher-beta consumer discretionary names. The decline came despite a string of constructive catalysts, including Alberta's regulated iGaming market going live on July 13 — DraftKings' 34th jurisdiction — and 'Big Short' investor Michael Burry disclosing a stake around $26, arguing prediction market competition will face tighter regulation. TD Cowen also raised its price target to $35 (Buy), yet the stock remains well off its 52-week high of $48.78, with bears citing insider selling, thin profit margins, and lingering concerns over prediction market competition pressuring core sportsbook returns.

-4.6881

July 14, 2026DraftKings closed essentially flat amid a broader market pullback driven by renewed U.S.-Iran tensions and surging oil prices. Investor attention was drawn to a pair of notable catalysts: DraftKings launched its online sportsbook and casino in Alberta as the province's regulated iGaming market went live today, expanding its footprint to a 34th jurisdiction, while TD Cowen raised its price target to $35 (from $30) with a Buy rating. Offsetting optimism, bearish sentiment lingers after a 24% six-month decline, insider selling, and a Q1 EPS miss, though Wall Street's consensus target of ~$34.46 implies significant upside.

-0.1133

July 11, 2026DraftKings edged higher, recovering modestly after a stale headline suggested a 3% intraday dip tied to investor caution over prediction-market competition and regulatory uncertainty. The session came amid positive developments: DraftKings announced its Alberta sportsbook and casino launch on July 13, adding its 34th North American jurisdiction, while analysts at Deutsche Bank raised their price target to $28 and TD Cowen lifted theirs to $35 with a Buy rating. Despite a consensus Moderate Buy and average target of $34.24, investor sentiment remains tempered by ongoing concerns around federally regulated prediction platforms like Kalshi and Polymarket, insider selling of ~97,600 shares over the past quarter, and a Q1 EPS miss of $0.02 against expectations — even as revenue grew 16.8% year-over-year.

0.7037

July 10, 2026DraftKings fell over 3% as its Alberta market expansion announcement failed to offset lingering regulatory and macro headwinds. The company confirmed its online sportsbook and casino will launch in Alberta on July 13 — making it the 34th North American jurisdiction — but investor enthusiasm was muted amid broader consumer discretionary weakness tied to renewed U.S.-Iran tensions driving oil higher and inflation concerns. Deutsche Bank raised its price target to $28 from $26 while maintaining a Hold, and notable investor Michael Burry recently disclosed long positions in DKNG, citing an operating inflection point. Still, insider sales totaling ~97,600 shares over the past quarter and an EPS miss in Q1 continue to weigh on sentiment, even as the analyst consensus remains a Moderate Buy with a $34.24 average target.

-3.2389

July 9, 2026DraftKings edged higher Wednesday, outperforming a broadly risk-off market rattled by President Trump declaring the U.S.-Iran ceasefire 'over,' which sent oil surging and pressured consumer cyclical peers. The stock's relative resilience is underpinned by growing conviction in its DKeX prediction-market exchange, which is tracking roughly $3.4 billion in annualized consumer volume, and a high-profile endorsement from Michael Burry, who built a long position citing DraftKings' operational inflection toward profitability. Analysts maintain a consensus Moderate Buy with a $34.24 average price target, while multiple institutional investors — including Hodges Capital, Strs Ohio, and Fjarde AP Fonden — have recently added to positions.

0.9662

Inquirer.com · July 17, 2026DraftKings sued Philadelphia for investigating whether it’s violating city consumer protection lawsBloomberg Law News · July 16, 2026DraftKings Sues Philadelphia Over Consumer Protection OrdinanceReuters · July 16, 2026DraftKings sues Philadelphia to end enforcement probe following subpoena, block consumer lawAd Hoc News · July 16, 2026DKNG stock advances as revenue and betting handle growMoomoo · July 9, 2026Barclays Maintains DraftKings(DKNG.US) With Buy Rating, Maintains Target Price $35TradingView · June 19, 2026DraftKings Stock Gains 12% in 3 Months: Should You Buy, Sell or Hold?Business Wire · April 22, 2026DraftKings to Release First Quarter 2026 Results on May 7, 2026 and Host Conference Call on May 8, 2026Barchart.com · March 3, 2026DraftKings Insiders Are Buying Stock. Should You Buy the Dip in DKNG Too?
Benzinga · July 16, 2026'Draftkings Sues Philadelphia After Receiving Subpoena, Seeks To Block City From Enforcing A Consumer Protection Law' - Reuters News
Benzinga · July 16, 2026Bear Cave Renews DraftKings Bear Case on Prediction Market Momentum
Benzinga · July 16, 2026Watching Draftkings; The Bear Cave Newsletter Issues Report On Co Titled "Problems at DraftKings (DKNG) #4"
Benzinga · July 15, 2026JP Morgan Maintains Overweight on DraftKings, Raises Price Target to $34
Benzinga · July 10, 2026TD Cowen Maintains Buy on DraftKings, Raises Price Target to $35
Benzinga · July 9, 2026Deutsche Bank Maintains Hold on DraftKings, Raises Price Target to $28
Mt Newswire · July 9, 2026Deutsche Bank Adjusts DraftKings Price Target to $28 From $26, Maintains Hold Rating
Benzinga · July 9, 2026DraftKings Plans To Roll Out Online Sportsbook, Casino In Alberta On July 13

Peers

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