Guggenheim analyst Curry Baker lowered the firm’s price target on DraftKings (DKNG) to $60 from $61 and keeps a Buy rating on the shares after having updated the firm’s model for DraftKings’ Q1 earnings and revised outlook. The company lowered its 2025 revenue and adjusted EBITDA outlook and the firm has lowered its own 2025 revenue and adjusted EBITDA forecasts to $6.32B and $862M, respectively, noting that both are near the mid-point of DraftKings’ updated guidance.
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