JPMorgan Downgrades DraftKings to Neutral After Third-Quarter Results

Enna Lee

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JPMorgan Downgrades DraftKings to Neutral After Third-Quarter Results

The change came after the sports betting company reported earnings, as analysts across Wall Street lowered estimates.

By Enna Lee

Published Nov 10, 2026, 6:57 AM EST

A folded betting slip rests on an empty sportsbook counter / TokenPost.ai

JPMorgan cut its rating on DraftKings (DKNG) to Neutral from Overweight after reviewing the sports betting company's third-quarter earnings, joining other analysts who lowered estimates after the results.

Analysts across Wall Street lowered estimates following the report. DraftKings had also lowered its 2026 EBITDA outlook.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.