DraftKings (DKNG): Higher Spending Now, Bigger Prediction Market Opportunity Ahead

CFRA’s Zach Warring remains bullish on DraftKings (DKNG) despite higher spending and near-term pressure. He sees prediction markets as a major growth opportunity, with DraftKings gaining share and potentially expanding its reach in states like California, Texas and Florida. Warring expects spending to remain a headwind in the near term but sees prediction-market growth and improving profitability supporting the stock into 2027.

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