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Northland, Mizuho Cut DraftKings (DKNG) PT Amid Rising Competitive Threat from Prediction Markets

DraftKings Inc. (NASDAQ:DKNG) is one of the best high volume stocks to buy according to Wall Street analysts. On October 13, Northland lowered the firm’s price target on DraftKings to 30from30 from 33 and kept an Underperform rating on the shares. The firm noted that massive funding rounds for Kalshi (raising 300million,valuingitat300 million, valuing it at 5 billion, and tracking 50billioninannualvolume)andPolymarket(securinga50 billion in annual volume) and Polymarket (securing a 2 billion investment from ICE, the owner of NYSE) signal the growing competitive threat predi ...