DraftKings Likely Gets Relief With May/June Holds, Oppenheimer Says

MT Newswires Live

Aug 05, 2025

DraftKings (DKNG) is likely to get a welcome relief with May/June holds, Oppenheimer said in a Q2 preview note Monday.

Oppenheimer analysts said they expect the firm to report Q2 EBITDA of $40 million to $50 million above market expectations of $242 million on the back of strong May/June holds.

They also expect the company to leave 2025 guidance of $800 million to $900 million unchanged. Its Q2 results are due Aug. 6.

The report said its competencies in product development and customer acquisition will allow the firm to be a critical player in the shift in US sports betting to licensed domestic operators.

Oppenheimer kept its outperform rating with a $60 price target.

Price: 44.86, Change: +1.13, Percent Change: +2.58

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Its Q2 results are due Aug. 6.</p><p>The report said its competencies in product development and customer acquisition will allow the firm to be a critical player in the shift in US sports betting to licensed domestic operators.</p><p>Oppenheimer kept its outperform rating with a $60 price target.</p><p>Price: 44.86, Change: +1.13, Percent Change: +2.58</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4565","symbol_name":"NFT概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2557533690","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557533690","pubTimestamp":1754334545,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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