Draftkings slips as Argus downgrades to 'hold'

Shares of digital sports gaming company Draftkings DKNG.O slip 1% in premarket trading to about $25

Argus downgrades to "hold" from "buy", maintains PT at $24.90

Says DKNG struggling with high costs to attract customers, rising state taxes, and tough competition from prediction markets

Adds DKNG is losing market share in iGaming in the U.S

Argus lowers its 2026 EPS estimates to $1.20 from $2.30

29 of 38 brokerages rate the stock "buy" or higher, 9 "hold" ; their median PT is $35- data compiled by LSEG

As of last close, stock had fallen 27.8% YTD