---
title: "What Is Going On With DraftKings Stock On Tuesday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286140002.md"
description: "DraftKings (DKNG) stock rose on Tuesday after Mizuho raised its price target from $44 to $45, maintaining an outperform rating. This follows a positive Q1 earnings report where DraftKings reported adjusted earnings of 20 cents per share, significantly above the consensus estimate. The company now operates mobile sports betting in 27 states, covering 53% of the U.S. population. As of Tuesday, shares were up 1.86% at $24.96, with key resistance at $26.50 and support at $21."
datetime: "2026-05-12T17:55:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286140002.md)
  - [en](https://longbridge.com/en/news/286140002.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286140002.md)
---

# What Is Going On With DraftKings Stock On Tuesday?

**DraftKings Inc.** (NASDAQ:DKNG) shares are gaining ground on Tuesday, following a bullish stance from analysts.

## Mizuho Lifts Price Forecast

**Mizuho** maintained an outperform rating on DraftKings on Tuesday. The firm raised its price forecast from $44 to $45. This update follows a wave of analyst activity on Monday.

**Guggenheim's** **Vamil Divan** maintained a Buy but lowered his price forecast to $35. Meanwhile, **Barclays** raised its price forecast to $35.

## Q1 Earnings Double Beat

The positive sentiment stems from the May 7 earnings report. DraftKings reported adjusted earnings of 20 cents per share, which crushed the consensus estimate of 2 cents per share. Revenue hit $1.646 billion, edging out the expected $1.644 billion.

CEO **Jason Robins** credited customer engagement for the growth. "We are off to a fantastic start to the year," Robins stated. Average revenue per monthly unique payer rose 21% year-over-year to $131.

## Expanding Market Footprint

DraftKings now operates mobile sports betting in 27 states and offers iGaming in five states. This reach covers roughly 53% of the U.S. population.

## DraftKings Technical Levels To Watch

From a trend perspective, DraftKings is still trying to repair longer-term damage: it's trading 22.8% below its 200-day SMA of $32.57 and 6.3% below its 100-day SMA of $26.85.

That said, the stock is now back above its shorter-term baselines—about 7% above the 20-day SMA ($23.51) and 6.5% above the 50-day SMA of $23.62.

-   **Key Resistance**: $26.50
-   **Key Support**: $21

**DKNG Price Action:** DraftKings shares were up 1.86% at $24.96 at the time of publication on Tuesday, according to Benzinga Pro data.

_Photo: Wirestock Creators / Shutterstock_

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