Citi Trims DraftKings' Target to $29 Ahead of Q1: Is the Sports Betting Boom Losing Momentum? [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
DraftKings' maintained Buy rating reflects confidence in its long-term growth thesis despite near-term uncertainty, with the stock trading at $23.55 well below the $29 target, suggesting the market is pricing in execution risk beyond a single soft quarter. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE DraftKings NASDAQ:DKNG ) stock is heading into its May 7 earnings report with a fresh price target cut from Citi. Analyst James Hardiman lowered his price target on DraftKings to $29 from $32, while keeping a Buy rating on the shares. The trim raises a fair question: is the sports betting boom losing steam, or is this just a speed bump for one of the sector's dominant players? Citi framed its gaming outlook as a "mixed bag," flagging "signs of life" for the Las Vegas Strip while projecting lighter numbers for regional markets. For DraftKings, a pure-play digital operator, regional softness matters less than sportsbook margin volatility a
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DKNG
News
- DraftKings (DKNG) was given a new $33.00 price target by Barclays PLC.MarketBeat
- DraftKings Announces Intent to Launch Online Sportsbook and Casino in Alberta, CanadaBusiness Wire
- DraftKings (DKNG) had its "buy" rating reaffirmed by Citigroup Inc..MarketBeat
- Gamblers Have One Year From Today Before The 90% Cap Hits Home [Yahoo! Finance]Yahoo! Finance
- Ohio Gaming Regulator Issues $5M Fine Notice to Kalshi [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 4/2/26 - Form 4
- 3/26/26 - Form SCHEDULE
- 3/26/26 - Form ARS
- DKNG's page on the SEC website