Guggenheim lowered the firm’s price target on DraftKings (DKNG) to $42 from $45 and keeps a Buy rating on the shares after updating the firm’s model for Q4 and “an initially more conservative” 2026 outlook. Given recent guidance challenges, it would be prudent for DraftKings to start 2026 in “a very reasonable zone and hopefully exceed expectations throughout the year,” the analyst contends.
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