DraftKings shares have fallen 19% over the past month amid sector-wide declines in online sportsbook stocks. Bank of America analyst Shaun Kelley upgraded DraftKings from Neutral to Buy, suggesting Wall Street estimates for the company may have bottomed. The upgrade follows concerns about competition from private prediction markets and regulatory risks, which had kept the firm sidelined for a year. Investors should watch DraftKings' next quarterly results to confirm if the stock has truly found a floor amid ongoing competitive pressures.
DraftKings shares trade at USD 19.64 on Pluang as of Oct 09, 2026 02:02 WIB, showing a 1-day gain of 2.53%. The stock's market cap stands at $9.51 billion, well below its 52-week high of $36.24. Investors hold DraftKings for an average of 55 days on Pluang, reflecting moderate trading interest despite recent volatility.
Bank of America upgraded DraftKings from 'neutral' to 'buy' with a $27 price target, highlighting improved prospects in prediction markets after a 47% stock decline over the past year. The bank estimates prediction markets could generate $400 million...
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Bank of America upgraded DraftKings stock to Buy from Neutral, citing reduced risks from prediction markets and a favorable risk-reward at current prices. DraftKings shares rose 5% following the upgrade, while competitors Flutter Entertainment and MG...
