Stifel lowered the firm’s price target on DraftKings (DKNG) to $44 from $46 and keeps a Buy rating on the shares. The firm approaches Q4 earnings for the online gambling group cautiously despite mostly attractive valuations, noting that it tactically favors DraftKings in the near-term given NBA handle share momentum, de-risked consensus FY26 estimates, potential upside from the Winter Olympics and World Cup and the investor day coming up on March 2.
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