Fund cites long-term potential in DraftKings’ AI-driven expansion amid slower customer growth and higher costs in Q1 2026.
Janus Henderson Forty Fund reiterated its confidence in DraftKings Inc. (NASDAQ:DKNG) despite a 28.47% share decline over the past year. The fund highlighted DraftKings’ $14.00 billion market capitalization and $28.51 closing price on June 16, 2026, as it addressed weaker 2026 guidance tied to rising costs and decelerating user growth.
DraftKings’ shares fell after reporting softer initial projections, raising concerns about competition from sports prediction markets. The company’s one-month return stood at 13.25%, contrasting with its 52-week loss.
The fund emphasized DraftKings’ push into predictions markets and AI-driven customer engagement as key growth levers, viewing innovation as a long-term catalyst despite near-term pressures.