Northland analyst Greg Gibas lowered the firm’s price target on DraftKings (DKNG) to $24 from $30 and keeps a Market Perform rating on the shares to reflect the company’s “meaningful 2026 guide down,” accounting for investments in predictions markets, new jurisdiction launches, and what “seems to be an increased degree of conservatism.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- DraftKings price target lowered to $40 from $48 at Macquarie
- DraftKings price target lowered to $30 from $45 at TD Cowen
- DraftKings price target lowered to $33 from $44 at Susquehanna
- DraftKings price target lowered to $40 from $44 at Stifel
- DraftKings price target lowered to $35 from $50 at Oppenheimer