Berenberg has upgraded Draftkings Inc (DKNG) to a Buy rating from Hold, effective October 8, 2025. The stock is currently priced at $29.74.
This upgrade underscores a more optimistic outlook on Draftkings' prospects, potentially signaling improved fundamentals or better-than-expected business performance. As a digital sports entertainment and gaming company, DraftKings is engaged in online sports betting, online casino offerings, and daily fantasy sports, among other services. The company, headquartered in Boston, Massachusetts, operates in 28 states, Washington, D.C., and Ontario, Canada, providing a wide range of gaming services.
DraftKings has a market capitalization of $14.3 billion and reported a trailing twelve-month EPS of -0.56. The company is scheduled to announce its upcoming earnings on August 4, 2026, with an estimated EPS of $0.43 and revenue of $1.7 billion.
Analyst ratings, such as this upgrade, offer insights based on research and financial models, but they reflect assumptions that may not always materialize. Investors are encouraged to consider multiple factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can evolve as new information arises, highlighting the dynamic nature of market assessments.