DraftKings Is Down 44% in 2026: Is DKNG Stock Dead Money or Due for a Bounce?

Sportsbook operators have absorbed some of the biggest selling in the gambling group across 2026, and the pressure has landed hardest on the pure-play names.

24/7 Wall Street • Oct 15, 2026

DraftKings faces earnings pressure as prediction market spending rises, Jefferies says

Jefferies has cut its 2026 adjusted earnings forecast for Draftkings Inc (NASDAQ:DKNG), the US sports betting and online gaming company, by 15% as increased spending on prediction markets and slower iGaming growth weigh on near-term profitability. The broker expects DraftKings to incur an additional $100 million in prediction market expenses during the second half of 2026, taking total spending above its initial guidance of $200 million to $300 million.

Proactive Investors • Oct 15, 2026

Brokers Suggest Investing in DraftKings (DKNG): Read This Before Placing a Bet

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Zacks Investment Research • Oct 15, 2026

DraftKings Stock Down 22% in a Month: Buy the Dip or Avoid?

DNNG's shares plunge 22% in a month as rising investment costs, earnings estimate cuts and regulatory uncertainty raise questions about whether to buy the dip.

Zacks Investment Research • Oct 15, 2026

DraftKings (DKNG) Exceeds Market Returns: Some Facts to Consider

DraftKings (DKNG) concluded the recent trading session at $19.31, signifying a +2.17% move from its prior day's close.

Zacks Investment Research • Oct 15, 2026

DraftKings (DKNG) Suffers a Larger Drop Than the General Market: Key Insights

DraftKings (DKNG) reached $18.9 at the closing of the latest trading day, reflecting a -4.16% change compared to its last close.

Zacks Investment Research • Oct 14, 2026

Can DraftKings' Super App Unlock Growth Beyond Sportsbook States?

DraftKings' Super App expands its reach beyond Sportsbook states, with strong early Predictions adoption, lower acquisition costs and new growth opportunities.

Zacks Investment Research • Oct 12, 2026

BofA says buy these 3 stocks ahead of earnings

Bank of America is telling investors to buy BWX Technologies, DraftKings and Grocery Outlet Holdings before they report third-quarter results, backing each name with a different argument. The companies span nuclear components, sports betting and grocery retail, and share little beyond the timing of their earnings.

Invezz • Oct 12, 2026

Did Promo Spending Actually Win Back Bettors for These 3 Gambling Stocks?

Prediction markets have forced the gambling industry to take drastic action. While headlines often focus on Kalshi or PolyMarket users betting on politics or economics, more than 80% of activity still happens in sports markets, and that's bad news for incumbent sportsbooks.

MarketBeat • Oct 12, 2026

DraftKings Is Down 19% in a Month: Did Bank of America Just Call the Bottom?

A Bank of America (NYSE:BAC | BAC Price Prediction) analyst who kept the firm on the sidelines for a year has turned bullish, arguing that Wall Street estimates for DraftKings (NASDAQ:DKNG) are bottoming.

24/7 Wall Street • Oct 8, 2026