Draftkings Inc ($DKNG) Stock Forecast: Up 7.2% Today

What is Draftkings Inc?

DraftKings (NASDAQ: DKNG) operates in the online sports betting and daily fantasy sports sector, experiencing significant upward movement in its stock price recently.

Why is Draftkings Inc going up?

DKNG stock is up 7.2% on May 9, 2025 13:43

• DraftKings' first-quarter revenue stood at $1,409 million, surpassing expectations and demonstrating robust financial performance.
• The company's emphasis on high-profile sporting events such as the NFL Playoffs and Super Bowl likely played a key role in the revenue increase by attracting more users to the platform.
• Investor confidence in DraftKings' capacity to tap into the expanding online betting market is driving the stock price up, buoyed by the favorable earnings results.

DKNG Price Chart

DKNG Technical Analysis

DKNG News

DraftKings Reports First Quarter Revenue of $1,409 Million - DraftKings ( NASDAQ:DKNG )

BOSTON, May 08, 2025 ( GLOBE NEWSWIRE ) -- DraftKings Inc. DKNG ( "DraftKings" or the "Company" ) today announced its first quarter 2025 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at ...

https://www.benzinga.com/pressreleases/25/05/g45300092/draftkings-reports-first-quarter-revenue-of-1-409-million

DraftKings Reports First Quarter Revenue of $1,409 Million

BOSTON, May 08, 2025 ( GLOBE NEWSWIRE ) -- DraftKings Inc. ( Nasdaq: DKNG ) ( "DraftKings" or the "Company" ) today announced its first quarter 2025 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at ...

https://www.globenewswire.com/news-release/2025/05/08/3077783/0/en/DraftKings-Reports-First-Quarter-Revenue-of-1-409-Million.html

DraftKings Q1 Preview: Can March Madness, Super Bowl Deliver? - DraftKings ( NASDAQ:DKNG )

DraftKings reports Q1 financial results after market close Thursday, May 8. The first quarter includes the results from betting activity on the NFL Playoffs and Super Bowl. Don't miss this list of 10 overlooked stocks-including one paying a 9% dividend-before Wall Street catches on.

https://www.benzinga.com/general/sports/25/05/45292450/draftkings-q1-earnings-preview-will-march-madness-super-bowl-help-set-new-company-records

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Draftkings Inc Price History

04.02.2025 - DKNG Stock was down 8.7%

• Deep-pocketed investors have taken a bearish stance on DraftKings, as revealed by public options records, potentially contributing to the downward pressure on the stock.
• The announcement of DraftKings closing a $600 million upsized term loan B facility could have raised concerns among investors about the company's financial leverage and future growth prospects.
• The potential impact of New Jersey's proposed tax hike on DraftKings, with a projected $57 million EBITDA hit, might have added to the negative sentiment surrounding the stock.
• Overall, a combination of bearish investor sentiment, financial decisions, and regulatory challenges could have fueled the bearish movement in DraftKings' stock price today.

08.04.2025 - DKNG Stock was up 5.0%

• There is a notable uptrend in DKNG stock, possibly driven by expectations of strong Q1 financial results.
• Increased betting on significant sporting events such as the NFL Playoffs and Super Bowl might have boosted revenue.
• Investors show confidence in DraftKings' prospects, resulting in a rise in stock value.
• The imminent earnings release could amplify the ongoing positive momentum for DraftKings.

09.04.2025 - DKNG Stock was up 7.2%

• DraftKings' first-quarter revenue stood at $1,409 million, surpassing expectations and demonstrating robust financial performance.
• The company's emphasis on high-profile sporting events such as the NFL Playoffs and Super Bowl likely played a key role in the revenue increase by attracting more users to the platform.
• Investor confidence in DraftKings' capacity to tap into the expanding online betting market is driving the stock price up, buoyed by the favorable earnings results.

06.02.2025 - DKNG Stock was down 5.1%

• DraftKings has shown strong growth potential and effective cost control, but the stock faced bearish activity today.
• Initiatives such as the State Council Funding Program renewal and expansion of Responsible Gaming efforts demonstrate DraftKings' dedication to responsible practices, though this news might not have offset the overall market sentiment.
• Wealthy investors adopting a bearish stance on DraftKings, as seen in options data, may have contributed to the stock's downward trend.
• Concerns arose among investors over DraftKing's financial leverage following the announcement of a $600 million upsized term loan facility, potentially impacting the stock price negatively.

25.01.2025 - DKNG Stock was down 6.3%

• Analysts are optimistic about DraftKings (DKNG) with a potential 29.12% upside in the stock, citing strong agreement in raising earnings estimates.
• Surging earnings estimates are signaling a positive outlook for DraftKings (DKNG) stock in the near term.
• Despite positive indicators, DraftKings (DKNG) experienced a bearish movement today, possibly influenced by broader market trends or profit-taking after recent gains.
• It is essential to monitor how DraftKings (DKNG) performs compared to other consumer discretionary stocks like Fox Corporation (FOX) to gauge its relative strength in the market.

18.02.2025 - DKNG Stock was down 5.0%

• Big investors have shown a bearish outlook on DraftKings, as seen from options data, potentially impacting the stock's downward trajectory.
• This pessimistic view from major investors might have influenced smaller traders to sell their DKNG shares.
• Monitoring signals from institutional investors is crucial for investors to gain insights into market sentiment and potential price movements for stocks like DraftKings.

22.03.2025 - DKNG Stock was up 5.3%

• The bullish movement in DraftKings' stock today could be attributed to the anticipation and positive market sentiment surrounding the upcoming release of its first quarter 2025 results.
• Investors might be optimistic about the company's performance, leading to increased buying activity and driving the stock price higher.
• The slight dip in the stock price on the previous trading day might have been a temporary fluctuation, and today's bullish movement could indicate a renewed interest and confidence in DraftKings among investors.

11.02.2025 - DKNG Stock was up 5.3%

• The surge in options activity with a bullish stance from investors indicates growing confidence and positive sentiment towards DraftKings.
• The stock's 18% jump in the last 6 months is attributed to its strong growth potential, expanding customer base, disciplined expense management, and investments in live betting and iGaming.
• DraftKings' renewal of its State Council Funding Program and expansion of Responsible Gaming initiatives not only align with ethical practices but also enhance its reputation, potentially attracting more investors and customers.

25.02.2025 - DKNG Stock was down 5.0%

• Financial giants showed optimism towards DraftKings, but the stock closed lower, signaling a bearish trend.
• Options history for DKNG indicated mixed sentiments, with 50% being bullish and 27% showing bearish inclinations among traders.
• The drop in DraftKings' stock price may be linked to overall market conditions or internal company-specific factors not explicitly mentioned.
• Investors following DraftKings should stay vigilant about market shifts and company updates for making well-informed decisions.

03.02.2025 - DKNG Stock was down 5.9%

• The bearish movement in DraftKings' stock today can be attributed to deep-pocketed investors adopting a bearish approach towards the company, as revealed by public options records.
• The potential $57M EBITDA hit that DraftKings may face if New Jersey's proposed tax hike takes effect in 2025 could have also contributed to the negative sentiment surrounding the stock.
• Despite Wall Street analysts seeing a 29.12% upside in DraftKings, the overall market movement today seems to have been influenced more by the bearish trends and concerns highlighted in recent discussions.

03.03.2025 - DKNG Stock was down 8.1%

• Despite active bullish options trading, DraftKings (DKNG) closed at $37.04, marking a -1.7% decline from the previous day.
• The optimistic options trading did not result in a positive market performance for DraftKings.
• External market conditions likely contributed to DraftKings' more significant than usual decline today, demonstrating sensitivity to various factors impacting stock prices.
• The bearish movement of DraftKings might have been influenced by overall market sentiment or specific industry developments, despite the positive options trading noticed.

28.02.2025 - DKNG Stock was down 5.3%

• Financial heavyweights displayed optimism towards DraftKings, but the stock faced a decline, closing at $37.04, a decrease of -1.7% compared to the previous day.
• An uptick in unusual options trading, with a higher ratio of bullish investors, signals mixed sentiments prevailing in the market.
• The stock's drop could be linked to profit-taking by some shareholders following a period of positive performance, resulting in a temporary setback in its value.
• It is plausible that external factors, including general market trends or industry-specific developments, may have contributed to DraftKings' decline, despite positive outlooks from certain traders.