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NASDAQ:DKNG

DraftKings (DKNG)

26.17
+1.14 (4.55%)
as of Aug 21, 2026, 8:00:00 pm Market Open.
84 watching
0
Investor Insights
star iconAug 23, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

DraftKings (DKNG) is currently facing significant challenges in the evolving landscape of online sports betting and gaming. Experts highlight a complicated business with fluctuating performance and regulatory concerns, particularly regarding the possible predatory nature of their operations. Despite the company posting decent numbers, the weaker-than-expected forecast raised alarms, especially concerning its growth potential in crucial markets like California and Texas, where legal hurdles still exist. Short-term performance has been disappointing, with shares dropping significantly from peaks during the football season. Overall, while some experts maintain a belief in the company's long-term prospects, many urge caution until clearer indicators emerge post-earnings report.

consensus icon
Consensus
Cautious
valuation icon
Valuation
Undervalued
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Similar
FLTR
WAIT

Wait until they report on May, because shares have gone up so much. Be cautious.

BUY

He recommended this where shares were worth half. Taylor Swift is attracting new female fans to the NFL and to betting, so that's a tailwind. However, the PE is no longer cheap.

BUY

Shares have been on fire. You want to own this heading into football season. It was upgraded today. The CEO is delivering.

WEAK BUY

Has a very good product and he likes it, but wants to see them operating in more states.

BUY

The spend on sports betting remains significant.

BUY
He likes the gambling stocks, certainly more than cryptos. Shares are cheap.
HOLD
They're in a battle for market share. You will suffer until they win--and he believes DKNG will.
BUY ON WEAKNESS
Allan Tong’s Discover Picks With its app, DK is one of the leaders of online sports betting along with Fan Duel. DK commands roughly a 32% market share in terms of app downloads. The app was a hit during Covid lockdowns. (In fact, the app launched in April 2020.) Shares topped at $73 in March 2021, but have since plunged to $20. Is DK a buying opportunity? Read Battle of the stocks: 2 Sports Gambling Stocks for our full analysis.
WATCH
Down 30% YTD. He used to own these options. Sports betting is a very competitive space, because there's growth, but there are heavy costs to attract customers. He's watching this space. Wouldn't buy these stocks yet.
BUY
Major League Baseball has postponed the start of its season due to a lock-out of its players, but that's not a reason to sell DFNG. Despite an environment of rising rates, the top line is growing and DKNG is increasing market share. Accompanying the latter is a rise in ad spend. All good.
PARTIAL BUY
Major League Baseball will figure it out (it is delaying the start of the season over a dispute with the players). The question is, is this stock at levels that you can trade it on the long side? Yes. Competition seems to be waning a little.
COMMENT
There are concerns with their marketing costs. It has positioned very well in every US state to legalize sports business. A good business, but there are too many players.
DON'T BUY
Speculative company and is hard to place valuation on it. Negative return on equity with little profitability and short history. Avoid if looking for a long term investment. Doesn't see company as worthwhile investment.
COMMENT
It's been under pressure, because it's like a war out there--so much competition. Look long term, but this could be painful short term.
Showing 16 to 30 of 44 entries