DraftKings Ends 2025 With Solid Holds, Less Prediction Markets Investments, Oppenheimer Says

MT Newswires Live01-08

DraftKings (DKNG) likely recorded solid November and December holds and limited prediction markets investments, Oppenheimer said in a note Tuesday.

The brokerage raised its Q4 EBITDA estimate to $319 million from $223 million on robust holds, adding it believes the company recouped most of the roughly $125 million October outcome headwinds.

For fiscal 2026, the brokerage lowered its revenue outlook by 2% to $7.45 billion on less prediction markets revenue and the prediction markets narrative headwind further dissipating after the Super Bowl due to lower tent-pole games.

Competencies in product development and customer acquisition will enable the company to support the shift in US sports betting to licensed domestic operators, according to the note.

The brokerage reiterated its outperform rating on the stock and price target of $50 per share.

Price: 34.28, Change: -0.67, Percent Change: -1.92

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