BTIG analyst Clark Lampen lowered the firm’s price target on DraftKings (DKNG) to $37 from $45 and keeps a Buy rating on the shares following the Q4 report. The firm reduced estimates citing the company’s “prudent” guidance. However, DraftKings seems to be addressing the product constraints that have kept it from being more aggressive with scaling Prediction since the December launch, the analyst tells investors in a research note.
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