Susquehanna lowered the firm’s price target on DraftKings (DKNG) to $32 from $33 and keeps a Positive rating on the shares. The firm lowered its1Q26 estimates to largely reflect new launch costs for Arkansas and their assessment of March Madness hold trends that were “slightly un-favorable” to neutral after the Elite 8.
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:
- Kalshi Wins Regulatory Approval for Margin Trading Services for Institutional Clients
- Nevada reports February statewide gaming win up 1.5% to $1.24B
- DraftKings: Positive Operating Momentum, Product Upside, and Regulatory Tailwinds Support Buy Rating
- Prediction Market Rivals Kalshi and Polymarket Set Aside Bitter Feud to Back $35M VC Fund
- ‘No More Sports Bets’ – New Bill Targets Kalshi, Polymarket