DraftKings Inc (NASDAQ:DKNG) just hit a Death Cross — and its billionaire backers are feeling the chill.
Continued revenue growth and ongoing progress on the bottom line are likely. Investors shouldn't put too much faith in analysts' estimates.

3 Sports Betting Stocks to Watch Before Earnings

12:39pm, Wednesday, 05'th Nov 2025
Sports betting giants DraftKings Inc (NASDAQ:DKNG) and PENN Entertainment Inc (NASDAQ:PENN) will report third-quarter earnings tomorrow, the former after the close and the latter before the open.
Bessemer Group Inc. lowered its stake in DraftKings Inc. (NASDAQ: DKNG) by 60.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). T
Shares of DraftKings Inc. (NASDAQ: DKNG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $65.00 to $63.
The NBA regular season got off to an inauspicious start last week when news of a massive FBI gambling probe hit, resulting in the arrests of several high-profile players and coaches.
DraftKings tumbled in October amid reports of soaring volume on prediction markets. That situation may have been blown out of proportion as the real problem appears to be bettors' NFL success.
DKNG's third-quarter results may show solid revenue growth from innovation and iGaming strength, though higher taxes and expansion costs can weigh on profit.
Bank of America analysts on Tuesday downgraded Draftkings Inc (NASDAQ:DKNG) to ‘Neutral', while reducing its price objective to $35 per share, citing “relentless” headwinds that could hur
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employe
This followed quite an uninspiring September. October featured two competitors signing a major sports advertising deal.
Envestnet Asset Management Inc. boosted its holdings in shares of DraftKings Inc. (NASDAQ: DKNG) by 24.4% during the undefined quarter, according to its most recent disclosure with the Securities and
Through week 9 of the current NFL season, favorites are covering the spread at a high rate (56.1%) compared to just 43.9% for underdogs.
Competitive forces have weighed on this company and the industry as a whole. Earnings continue to grow quickly on the strength of technology and product improvements.
The latest trading day saw DraftKings (DKNG) settling at $30.14, representing a -1.66% change from its previous close.
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