Macquarie rates DraftKings outperform on prediction market growth
Deals & M&A · SectorWire deskSource published
Summary
Macquarie analyst Chad Beynon rated DraftKings outperform with a $38 price target in a client note on 11 August. Beynon said the operator's prediction markets business is emerging as an additional growth area rather than one that cannibalises its sportsbook. DraftKings acquired 30% more customers than planned in the second quarter while spending 10% more on acquisition, he said.
Why it matters
The note signals investor expectations that prediction markets can add growth for sportsbook operators rather than erode their core wagering revenue.
Last close USD 22.02 on 25 September 2026. USD 25.34 on the story date (11 August 2026). Range USD 21.25 to 27.17, axis not from zero. Delayed end-of-day data, not live. Not investment advice.
Cite as: SectorWire, “Macquarie rates DraftKings outperform on prediction market growth”, 11 August 2026, https://sectorwire.news/item/macquarie-rates-draftkings-outperform-on-prediction-market-growth/
Key facts
- Parties
- DraftKings, Macquarie
- Shares
- DraftKingsdown 0.1%1DLatest close · change from previous closeNASDAQ: DKNG · · end-of-day, delayed