DraftKings (DKNG) Stock News

Citigroup lowered its price target for DraftKings from $32.00 to $28.00.

Susquehanna lowered its price target for DraftKings from $33.00 to $27.00.

Cathie Wood trims SpaceX, DraftKings, Robinhood; adds air taxi and defense stocks.

Guggenheim lowered its price target on DraftKings to $30.00 from $33.00 per share.

Bank of America upgraded DraftKings to Buy from Hold, citing prediction markets as an opportunity rather than a threat. The stock rose over 8%. Analysts see $400M in fee revenue by 2027 and $200-400M from market-making. Record prediction market volume of $218M was set Sunday.

BofA Securities upgraded DraftKings (DKNG) to Buy from Neutral with a $27 price target. The previous rating was Neutral.

DKNG shares fell to a new 52-week low today. No catalyst was provided in the initial report.

DraftKings will be the exclusive sportsbook and online casino sponsor of NHL on Prime's Wednesday Night Hockey for the 2026-27 season, including select playoff coverage. The deal expands DraftKings' Canadian marketing presence.

DraftKings stock fell to a new 52-week low on Friday, extending recent weakness. No company news accompanied the decline.

Citizens reiterated its Market Outperform rating on DraftKings (DKNG) and lowered its price target to $35 from $37. The previous target was $37.