Wall Street Already Models DraftKings Below Its 2026 Guidance. Its CEO Says Next Year’s Spending Could Come Down
Published . Updated .
Key Stats for DraftKings StockCurrent Price: $20. 94Street Target: ~$34Q3 2026 EBITDA Consensus: ~-$49 million2027 EBITDA Consensus: ~$1.
Directly affected
- DKNG DraftKings-23.9%
Named in this report.
Indirectly affected
- SPY SPDR S&P 500+1.6%
The broad U.S. stock market
- TLT iShares 20+ Year Treasury Bond-1.8%
Long-term U.S. government bonds
- QQQ Invesco QQQ+2.3%
Large technology stocks
- GLD SPDR Gold Shares-3.3%
Gold can move with the broad market
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DKNG | -9.81% | -2.20% | base | after close | after close | after close | after close |
| SPY | -0.09% | +0.66% | base | after close | after close | after close | after close |
| TLT | -2.07% | -1.97% | base | after close | after close | after close | after close |
| QQQ | +0.75% | +1.80% | base | after close | after close | after close | after close |
| GLD | +3.51% | +2.33% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Wall Street Already Models DraftKings Below Its 2026 Guidance. Its CEO Says Next Year’s Spending Could Come Down Yahoo Finance
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| DKNG | three days earlier | -2.20% | final price |
| DKNG | five days earlier | -9.81% | final price |
| GLD | three days earlier | +2.33% | final price |
| GLD | five days earlier | +3.51% | final price |
| QQQ | three days earlier | +1.80% | final price |
| QQQ | five days earlier | +0.75% | final price |
| SPY | three days earlier | +0.66% | final price |
| SPY | five days earlier | -0.09% | final price |
| TLT | three days earlier | -1.97% | final price |
| TLT | five days earlier | -2.07% | final price |
This story
12 out of 100
“Wall Street Already Models DraftKings Below Its 2026 Guidance. Its CEO Says Next Year’s Spending Could Come Down” scores 12 out of 100. The score uses 1 sources.