DraftKings price target raised to $45 from $42 at BTIG

BTIG raised the firm’s price target on DraftKings (DKNG) to $45 from $42 and keeps a Buy rating on the shares after meeting with its management team to discuss iGaming growth trajectory and prediction markets. The firm is constructive on the setup for DraftKings from here forward, per near-term pacing vs. guidance, and the FY26/27 fundamental setup against muted current expectations and sentiment, the analyst tells investors in a research note.