03:09 PM EDT, 08/04/2025 (MT Newswires) -- DraftKings ( DKNG ) is likely to get a welcome relief with May/June holds, Oppenheimer said in a Q2 preview note Monday.

Oppenheimer analysts said they expect the firm to report Q2 EBITDA of $40 million to $50 million above market expectations of $242 million on the back of strong May/June holds.

They also expect the company to leave 2025 guidance of $800 million to $900 million unchanged. Its Q2 results are due Aug. 6.

The report said its competencies in product development and customer acquisition will allow the firm to be a critical player in the shift in US sports betting to licensed domestic operators.

Oppenheimer kept its outperform rating with a $60 price target.

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