DraftKings stock holds after a $1.44 billion quarter
Published on 09/01/2026 at 08:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
DraftKings Inc. (ISIN US23282P1017) stock trades after a second quarter that brought $1.44 billion in revenue and $0.09 in adjusted earnings per share, against a consensus estimate of $0.02, while market value stood at $12.54 billion on August 31, 2026.
As of August 31, 2026, the shares changed hands at $25.26 after a 4.29% gain in the prior close, and the 52-week range stretched from $20.46 to $48.78. The same market snapshot also showed a $34.98 average analyst target and a $30 target from one cited rating update.
Quarterly numbers matter
The second-quarter revenue figure fell 4.6% year over year from $1.51 billion, but earnings still beat the $0.02 estimate by $0.07. That mix leaves the debate centered on growth quality, not just top-line scale.
MarketBeat said analysts assign DraftKings a Moderate Buy consensus, with an average target of $34.11, while the same data set pointed to a recent price of $25.26. The gap between those figures is 34.9%.
Target range stays wide
Investing.com reported that Benchmark reiterated a Buy rating and a $30 target, while Mizuho kept an Outperform view with a $45 target. The spread between those two targets is $15, which shows how differently the market is framing the next leg of the business.
The analyst spread also leaves room for a chart-driven debate. A $25.26 share price sits above the 52-week low by $4.80 and below the high by $23.52.
DraftKings Gameday
DraftKings said it plans a DraftKings Gameday event for September 2, 2026, tying the brand to a consumer-facing promotion at the start of the month.
Price and market view
DraftKings shares were $25.26 as of August 28, 2026, after a 4.29% gain in the prior session, with a market cap of $12.54 billion and a 52-week range of $20.46 to $48.78.
Fact box
Company: DraftKings Inc.
ISIN: US23282P1017
Ticker: DKNG
Exchange: Nasdaq
Sector / Industry: Consumer Cyclical / Gambling
Index membership: Not stated in the cited sources
Next earnings date: November 5, 2026
