Yahoo Finance

BMO Capital lowered the firm’s price target on DraftKings (DKNG) to $64 from $65 but keeps an Outperform rating on the shares. The company’s Q1 results were soft, with revenue and adjusted EBITDA below consensus, but while unfavorable outcomes are a part of business, the recently higher adverse outcomes are transitory, the analyst tells investors in a research note. Digital gaming revenues are more durable in an uncertain macro than many perceive, the firm adds.

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Read More on DKNG:

Disclaimer & DisclosureReport an Issue

• DraftKings price target lowered to $50 from $60 at BofA

• 3 Best Stocks to Buy Now, 5/9/2025, According to Top Analysts

• DraftKings’ Robust Growth and Strategic Enhancements Justify Buy Rating Despite Revenue Guidance Reduction

• DraftKings: Strong Market Position and Growth Prospects Justify Buy Rating Despite Regulatory Challenges

• DraftKings: Resilient Performance and Growth Potential Amidst Challenges