StreetInsider.com News Articles

Guggenheim Reiterates Buy Rating on DraftKings Inc. (DKNG)

Wed, 24 Jun 2026 06:52:16 -0400

Guggenheim analyst Curry Baker reiterated a Buy rating and $35.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst commented: "We are updating our model for 2Q26 primarily on the timing of Prediction Market investment (we now assume ~$100mm of the ~$250-$300mm of expected PM spend for 2026 falls in June - we expect the remainder largely to fall in August/September around the start of football) and some modest outcome headwinds from the Knicks Championship run (we estimate ~$40-$50mm). Our full-year EBITDA outlook is now $755mm (down from $786mm), and still within the $700-$900mm guidance range. The World Cup is having

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

Tue, 23 Jun 2026 12:42:39 -0400

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

App Would Be Independent Of Facebook And Instagram

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

Tue, 23 Jun 2026 12:42:39 -0400

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

App Would Be Independent Of Facebook And Instagram

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

Tue, 23 Jun 2026 12:42:39 -0400

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

App Would Be Independent Of Facebook And Instagram

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

Tue, 23 Jun 2026 12:42:39 -0400

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

App Would Be Independent Of Facebook And Instagram

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

Tue, 23 Jun 2026 12:42:39 -0400

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

App Would Be Independent Of Facebook And Instagram

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

Tue, 23 Jun 2026 12:42:39 -0400

Zuckerberg Directed Meta To Create Prediction Markets App - NYT

App Would Be Independent Of Facebook And Instagram

DraftKings (DKNG) Reiterated at Buy by Benchmark as Environment Stays Bettor-Friendly

Mon, 22 Jun 2026 07:25:52 -0400

Benchmark analyst Mike Hickey reiterated a Buy rating and $29.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst commented, "New York OSB – Week 11 (2Q26): Week 11 was characterized by one of the most bettor-friendly outcome environments since the launch of online sports betting in New York, resulting in negative hold and significant revenue pressure across the market despite exceptionally strong betting activity. We believe the New York Knicks' championship run and the U.S. Men's National Team's dominant World Cup victory over Paraguay were the primary drivers of the unusually favorable customer outcomes, resulting in the first weekly operator

DraftKings (DKNG) Reiterated at Market Outperform by Citizens on 'Attractive' Economics

Mon, 22 Jun 2026 04:06:10 -0400

Citizens analyst Jordan Bender reiterated a Market Outperform rating and $34.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst commented, "we spoke with several market makers to gain insight into fee structures and participation in an industry that could reach 1T contracts traded by 2030. Two key themes emerged. First, market makers are likely to focus on areas where they possess a competitive advantage. For example, sports betting operators, such as DraftKings, are likely to concentrate on sports markets (e.g., parlays and pre-game events) across both internal and third-party exchanges, while crypto-native firms are likely to focus more heavily on

Kalshi in early talks for IPO - The Information

Thu, 18 Jun 2026 17:50:55 -0400

(Updated - June 18, 2026 5:50 PM EDT)

Kalshi in early talks for IPO - The Information

The news comes as the prediction markets company passed $2 billion in annualized rev, The Information reported.
Kalshi reportedly wants to integrate its platform with banks
The company is likely to list in late 2027 or 2028

Kalshi in early talks for IPO - The Information

Thu, 18 Jun 2026 17:50:55 -0400

(Updated - June 18, 2026 5:50 PM EDT)

Kalshi in early talks for IPO - The Information

The news comes as the prediction markets company passed $2 billion in annualized rev, The Information reported.
Kalshi reportedly wants to integrate its platform with banks
The company is likely to list in late 2027 or 2028

Kalshi in early talks for IPO - The Information

Thu, 18 Jun 2026 17:50:55 -0400

(Updated - June 18, 2026 5:50 PM EDT)

Kalshi in early talks for IPO - The Information

The news comes as the prediction markets company passed $2 billion in annualized rev, The Information reported.
Kalshi reportedly wants to integrate its platform with banks
The company is likely to list in late 2027 or 2028

Kalshi in early talks for IPO - The Information

Thu, 18 Jun 2026 17:50:55 -0400

(Updated - June 18, 2026 5:50 PM EDT)

Kalshi in early talks for IPO - The Information

The news comes as the prediction markets company passed $2 billion in annualized rev, The Information reported.
Kalshi reportedly wants to integrate its platform with banks
The company is likely to list in late 2027 or 2028

Barclays tracks May gaming revenue showing mixed state results