DraftKings price target lowered to $37 from $42 at Guggenheim

Guggenheim lowered the firm’s price target on DraftKings (DKNG) to $37 from $42 and keeps a Buy rating on the shares. The firm, which updated its model for Q4 earnings and the company’s initial 2026 outlook, notes that its forecasts are toward the upper-end of guidance, which it believes to be “a conservative starting point.”