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24/7 Wall St. Analysis: DraftKings (DKNG) Stock Down 51% Over the Past Year, Analysts Give "Hold" Rating with a Target Price of $22.56
Yahoo Finance, citing 24/7 Wall St. analysis, reported that DraftKings (Nasdaq: DKNG) stock price has fallen 51% over the past year to $24.42. Although the bull case target price could reach $47.61, the firm has issued a "Hold" rating with a 12-month target price of $22.56, implying a 7.69% downside. DraftKings' second-quarter revenue was $1.44 billion, missing expectations by 4.48%, and adjusted earnings per share were $0.09, also below the consensus estimate of $0.1917. Management maintained its fiscal year 2026 revenue guidance of $6.5 billion to $6.9 billion and adjusted EBITDA guidance of $700 million to $900 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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