---
title: "DraftKings Shows 'Greatest Upside' to Q1 Consensus in Broader Gaming Sector, Morgan Stanley Says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282064237.md"
description: "Morgan Stanley highlights DraftKings (DKNG) as having the \"greatest upside\" in Q1 earnings within the gaming sector, projecting $195 million EBITDA against a $175 million consensus, driven by the FIFA World Cup. Wynn Resorts (WYNN) is expected to see a modest Q1 beat, while MGM Resorts (MGM) may miss EBITDA targets due to declining market share. Morgan Stanley maintains an overweight rating on DraftKings and Wynn with price targets of $40 and $136, respectively, and an underweight rating on MGM with a $35 target."
datetime: "2026-04-08T14:59:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282064237.md)
  - [en](https://longbridge.com/en/news/282064237.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282064237.md)
---

# DraftKings Shows 'Greatest Upside' to Q1 Consensus in Broader Gaming Sector, Morgan Stanley Says

10:59 AM EDT, 04/08/2026 (MT Newswires) -- DraftKings ( DKNG ) shows the "greatest upside" to Q1 consensus in the broader gaming sector, with further potential for reaccelerating in wagers placed stemming from the upcoming FIFA World Cup, as users move beyond the March Madness tournament, Morgan Stanley said in a Wednesday note.

Morgan Stanley said it expects DraftKings ( DKNG ) to post a Q1 earnings before interest, taxes, depreciation, and amortization of about $195 million, compared with consensus of $175 million.

For Wynn Resorts ( WYNN ) , Morgan Stanley expects a modest Q1 beat on improving Macau market share and stability among higher-end Vegas properties. While ongoing geopolitical conflict is bound to push out UAE launch date, Morgan Stanley said that the property has not been factored into the shares at all at current levels.

Meanwhile, MGM Resorts ( MGM ) is expected see an EBITDA miss in Macau in Q1 based on depleting market share, according to the bank.

While a rumored takeover by Caesars Entertainment ( CZR ) bodes well for its valuation, MGM Resorts ( MGM ) owns no real estate and only 50% of its digital business, compared to Caesars owning 50% of its real estate and 100% of its digital business, Morgan Stanley said.

Morgan Stanley reiterated its overweight rating on DraftKings ( DKNG ) and Wynn Resorts ( WYNN ) with respective price targets of $40 and $136. The bank maintained its underweight rating on MGM Resorts ( MGM ) with a $35 price target.

Price: 23.60, Change: +0.65, Percent Change: +2.83

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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