Citi Trims DraftKings’ Target to $29 Ahead of Q1: Is the Sports Betting Boom Losing Momentum?
Quick Read Citi cut its price target on DraftKings (DKNG) to $29 from $32 while maintaining a Buy rating, citing margin volatility and regional market softness as headwinds ahead of Q1 earnings. 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 ...