Citigroup cuts DraftKings stock target to USD 28.00

Published on 10/15/2026 at 21:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DraftKings is expected to report third-quarter results on November 5, 2026. DraftKings stock costs EUR 17.20 on October 15, 2026 at 9:33 p.m. CEST.

Target and trading context

Citigroup lowered its DraftKings target from USD 32.00 to USD 28.00 on October 12, 2026.
DraftKings is expected to report third-quarter results on November 5, 2026.
DraftKings stock costs EUR 17.20 at Lang & Schwarz on October 15, 2026 at 9:33 p.m. CEST.
DraftKings had a USD 9.6 billion market capitalization as of October 15, 2026.

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Citigroup lowered its DraftKings target from USD 32.00 to USD 28.00 on October 12, 2026, while keeping a Buy rating, according to MarketBeat. The new target stood 44.93 percent above the USD 19.32 Nasdaq quote on October 15, 2026. DraftKings stock was trading at EUR 17.20 at Lang & Schwarz on October 15, 2026 at 9:33 p.m. CEST.

Citigroup target and upside

The target reduction adds a more cautious valuation marker after several broker actions in October. MarketBeat reported that Citigroup maintained its Buy rating while cutting the target by USD 4.00, a 12.50 percent reduction from the previous level. The comparison uses the Nasdaq price because the analyst target and the home-market quotation are both in USD.

November 5 reporting date

Zacks lists November 5, 2026 as DraftKings' estimated next earnings date. Its consensus estimate for the September 2026 quarter was a loss of USD 0.10 per share. The date gives investors a defined checkpoint for sportsbook activity, prediction-market adoption and promotional spending.

Range and market value

DraftKings' Nasdaq quote was USD 19.32 on October 15, 2026, with a daily range of USD 18.82 to USD 19.45 and volume of 9,045,546 shares. The same quote showed a 52-week range of USD 18.50 to USD 36.98. The lower end of that range keeps the stock's current valuation sensitive to the next operating update.

Valuation and calendar

DraftKings had a market capitalization of USD 9.6 billion and a trailing price-to-earnings ratio of minus 60.06 on October 15, 2026. The negative ratio reflects the earnings denominator rather than a conventional profit multiple. For investors, the November report matters because the market is weighing the USD 28.00 Citigroup target against current trading levels.

Comparison with peers

DraftKings (Nasdaq, USD): plus 2.20 percent, P/E minus 60.06, market capitalization USD 9.6 billion
Flutter Entertainment (NYSE, USD): plus 1.95 percent, P/E minus 17.84, market capitalization USD 13.1 billion
PENN Entertainment (Nasdaq, USD): plus 4.70 percent, P/E minus 2.40, market capitalization USD 2.0 billion

Price after the latest session

The euro quotation stood at EUR 17.20 at Lang & Schwarz on October 15, 2026 at 9:33 p.m. CEST, during after-hours trading. The Nasdaq quote was USD 19.32 on October 15, 2026, while the 52-week high was USD 36.98.

The further course of trading is shown by the continuously updated real-time quote of DraftKings stock.