Citizens JMP Reiterates Market Outperform Rating on DraftKings Inc. (DKNG)

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DraftKings Inc. (DKNG) PT Lowered to $53 at Macquarie

May 12, 2025 10:17 AM EDT

Macquarie analyst Chad Beynon lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $53.00 (from $55.00) while maintaining a Outperform rating.

The analyst comments "DKNG lowered its '25 guidance but mgmt noted that if not for a string of bad game outcomes in March, particularly with March Madness favorites going deep, the company would have been raising its '25 guidance... More