J.P. Morgan analyst Daniel Politzer has maintained their bullish stance on DKNG stock, giving a Buy rating today.
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Daniel Politzer has given his Buy rating due to a combination of factors tied to DraftKings’ operating performance and long‑term growth drivers. Despite conservative 2026 guidance that disappointed the market, the company just delivered a sizable earnings beat in 4Q with adj. EBITDA far ahead of both J.P. Morgan and Street expectations, supported by strong net revenue margins in both sports betting and iGaming.
Politzer also highlights the strategic upside from DraftKings’ planned integration with Railbird and the build‑out of prediction markets, which should accelerate product innovation and improve customer economics over time. The move into market‑making and transaction‑fee–based revenue introduces new, diversified profit streams that, in his view, are not fully reflected in the current valuation, making the post‑guidance pullback an attractive entry point for long‑term investors.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $42.00 price target.