Could DKNG Be a 50% Rebound Stock?

DraftKings (NASDAQ: DKNG) has been among 2026’s weaker large-cap performers, falling 31.98% year to date and 51.15% over the past year. Shares were cited at $24.42 as bulls debated whether the stock can rebound 50%. A 24/7 Wall St. price target sets DKNG at $22.56 over the next 12 months, implying -7.69% downside and a “hold” rating with 90% confidence. The article notes DraftKings has “optionality,” pointing to a potentially stronger NFL season and faster-than-expected growth in its Predictions product, with annualized volume rising from $2.3 billion to $11 billion between April and July. Still, Q2 2026 revenue of $1.44 billion missed expectations by 4.48%, and adjusted EPS of $0.09 missed versus a $0.1917 consensus; adjusted EBITDA fell to $114.60 million.