Berenberg Cuts Price Target on DraftKings to $26.40 From $40.50, Keeps Buy Rating
AI Sentiment
Positive
7/10
as of 02-23-2026 3:50pm EST
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. DraftKings is now live with online or retail sports betting in 28 states and i-gaming in 5 states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company plans to launch a predictive event platform in late 2025 and also operates a non-fungible token commission-based marketplace and develops and licenses online gaming products.
| Founded: | 2011 | Country: | United States |
| Employees: | N/A | City: | BOSTON |
| Market Cap: | 11.4B | IPO Year: | 2021 |
| Target Price: | $43.97 | AVG Volume (30 days): | 17.9M |
| Analyst Decision: | Strong Buy | Number of Analysts: | 31 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | -0.01 | EPS Growth: | 99.05 |
| 52 Week Low/High: | $21.01 - $48.78 | Next Earning Date: | 05-15-2026 |
| Revenue: | $6,054,525,000 | Revenue Growth: | 26.99% |
| Revenue Growth (this year): | 20.16% | Revenue Growth (next year): | 14.14% |
| P/E Ratio: | -2231.00 | Index: | N/A |
| Free Cash Flow: | 647.5M | FCF Growth: | +58.86% |
Machine learning model trained on 25+ technical indicators
Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.
Chief Accounting Officer
Avg Cost/Share
$22.50
Shares
7,268
Total Value
$163,530.00
Owned After
36,736
SEC Form 4
Director
Avg Cost/Share
$21.85
Shares
100,000
Total Value
$2,185,000.00
Owned After
350,219
SEC Form 4
Chief Legal Officer
Avg Cost/Share
$32.05
Shares
52,777
Total Value
$1,689,237.93
Owned After
522,344
Chief Legal Officer
Avg Cost/Share
$33.64
Shares
52,777
Total Value
$1,785,990.13
Owned After
522,344
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| Bradbury Erik | DKNG | Chief Accounting Officer | Feb 19, 2026 | Sell | $22.50 | 7,268 | $163,530.00 | 36,736 | |
| SLOAN HARRY | DKNG | Director | Feb 17, 2026 | Buy | $21.85 | 100,000 | $2,185,000.00 | 350,219 | |
| Dodge R Stanton | DKNG | Chief Legal Officer | Jan 20, 2026 | Sell | $32.05 | 52,777 | $1,689,237.93 | 522,344 | |
| Dodge R Stanton | DKNG | Chief Legal Officer | Dec 1, 2025 | Sell | $33.64 | 52,777 | $1,785,990.13 | 522,344 |
DKNG Breaking Stock News: Dive into DKNG Ticker-Specific Updates for Smart Investing
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Positive
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