DraftKings bets big on new Predictions platform, stock down 41% but with 54% upside potential.

DraftKings is heavily investing in its new Predictions platform, regulated by the CFTC, which launched in December 2025 and is growing faster than expected. This spending has pressured near-term profits, causing the stock to fall 41% this year and trade near its 52-week low. Despite recent revenue and earnings misses, management maintains 2026 guidance and expects the core business to generate about $1 billion in adjusted EBITDA. Analysts remain mostly bullish, with a 24/7 Wall St. price target of $31.99, implying 54% upside, but risks remain from margin pressure and regulatory uncertainty around event contracts.

DraftKings shares have dropped 0.55% in the last day and trade at USD 21.81 on Pluang, below their 52-week high of USD 36.24 but above the low of USD 18.59. The stock's market cap stands at $10.89 billion, with a typical hold time of 56 days among Pluang investors. These figures are current as of Nov 04, 2026 19:02 WIB.