7/102 sources · 2 publishersUpdated Oct 10, 23:04 UTC
Bank of America upgrades DraftKings to Buy after 19% monthly decline
Bank of America analyst Shaun Kelley upgraded DraftKings (DKNG) to Buy from Neutral and kept a $27 price target. The upgrade follows a 19% drop in DraftKings shares over the past month and a Q2 2026 revenue miss of $1.44 billion. Kelley cited the company’s prediction‑market exchange as a positive catalyst and said the risk of cannibalization has lessened.
Why it matters
The upgrade may attract new buying interest and support the stock price after a sharp sell‑off, as noted by the analyst. The maintained $27 target gives investors a concrete valuation reference.
Key facts
- 1DraftKings shares fell 19% over the past month. 247wallst.com
- 2Bank of America upgraded DraftKings to Buy from Neutral. 247wallst.com
- 3Analyst Shaun Kelley kept the price target at $27. 247wallst.com
- 4Q2 2026 revenue was $1.44 billion, missing expectations. 247wallst.com
- 5DraftKings stock was trading around $19.53 when the note was released. bonus.com
- 6Flutter Entertainment shares were down 20% and MGM Resorts International down 26% over the same month. bonus.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.