DraftKings shares climb as Bank of America upgrades to buy

Deals & M&A · SectorWire deskSource published 6 Oct 2026, 16:08 BST

Summary

Reportedly, Bank of America upgraded DraftKings to buy, and the operator's shares rose. The upgrade followed a period in which the stock fell to its lowest point in years.

Why it matters

The upgrade signals a changed analyst view on DraftKings' valuation after a sharp share-price decline.

End-of-day close DraftKings (DKNG), USD, to 23 October 2026

Last close USD 20.91 on 23 October 2026. USD 19.75 on the story date (6 October 2026). Range USD 18.59 to 25.97, axis not from zero. Delayed end-of-day data, not live. Not investment advice.

Cite as: SectorWire, “DraftKings shares climb as Bank of America upgrades to buy”, 6 October 2026, https://sectorwire.news/item/draftkings-shares-climb-as-bank-of-america-upgrades-to-buy/

Key facts

Type: Acquisition
Parties: DraftKings, Bank of America
Shares: DraftKingsdown 0.1%1DLatest close · change from previous closeNASDAQ: DKNG · 23 Oct 2026 · end-of-day, delayed

Related company prices

Latest cached quotes, separate from the figures reported in this article. Quotes may be delayed; each quote shows its observation time.

DraftKings DKNG · USD 20.91 23 Oct 2026 Data

Latest reported results

Reported company data for the latest period held, separate from the figures in this article. Not investment advice.

DraftKings NASDAQ: DKNG

Quarter ended 30 June 2026 · data retrieved 17 October 2026

Revenue: USD 1.44bn10-Q filing 0001883685-26-000029
Operating income: −USD 68.2m10-Q filing 0001883685-26-000029

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