DraftKings is trading 5.6% up now at $24.75 after Wolfe Research initiated coverage on September 2, 2026, with an Outperform rating and a $40 price target.
- The analyst action is the clearest company-specific catalyst identified for the move, although no report explicitly attributes the gain to it.
- Broader markets are mixed, while consumer discretionary stocks are weaker, making sector sentiment an unlikely explanation.