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Feb 23, 2026 4:00 PM

DraftKings Investor Day: Analyst Sees TAM Growth Potential, Eyes FY28 Forecast Updates

DraftKings Inc. (NASDAQ:DKNG) shares are trading lower on Monday. The company is hosting its next Investor Day on March 2.

• DraftKings shares are experiencing downward pressure. What’s pulling DKNG shares down?

BofA Securities analyst Shaun C. Kelley expects management to highlight the DraftKings Predictions initiative and outline medium-term financial targets.

Also, the analyst expects the company to discuss the total addressable market for prediction markets alongside an updated OSB and iGaming TAM, and provide revised revenue and profitability outlooks for the core business through 2028 and potentially 2030.

The event should also include deeper insights into recent customer acquisition and retention trends amid concerns around prediction-market cannibalization, adds the analyst.

Possible ...