5 Best Low Priced Growth Stocks to Invest In Now

3. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 72

DraftKings Inc. (NASDAQ:DKNG) is one of the best low priced growth stocks to invest in now. On May 7, DraftKings reported Q1 2026 revenue of $1.646 billion, up 17% from $1.409 billion in Q1 2025. This increase was driven by efficient customer acquisition, strong consumer engagement, and an improved Sportsbook net revenue margin. The company turned a GAAP profitable quarter with a net income of $21.1 million ($0.03 diluted EPS) and achieved an adjusted EBITDA of $167.9 million.

Monthly Unique Payers/MUPs decreased 4% year-over-year to 4.2 million, primarily due to the company’s exit from the Texas lottery market in 2025. Excluding lottery data, MUPs rose 2% because of steady retention across core Sportsbook and iGaming offerings. Concurrently, the Average Revenue per MUP grew 21% to reach $131, heavily supported by expanding sports betting margins.

DraftKings Inc. (NASDAQ:DKNG) maintained its full-year 2026 guidance, projecting revenue between $6.5 billion and $6.9 billion alongside an adjusted EBITDA of $700 million to $900 million. Operationally, the company’s mobile sports betting footprint expanded to cover 27 states and Washington, D.C., representing roughly 53% of the US population.

DraftKings Inc. (NASDAQ:DKNG) is a gaming company, providing online sports betting, online casino, and fantasy sports products. The company is based in Boston, Massachusetts.

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