Quick Read 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 lighte ...

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. Citi Trims DraftKings' Target to $29 Ahead of Q1: Is the Sports Betting Boom Losing Momentum? - 24/7 Wall St. Stock Market Live April 16, 2026: S&P 500 (SPY) at Record Highs Citi Trims DraftKings' Target to $29 Ahead of Q1: Is the Sports Betting Boom Losing Momentum? By David MoadelPublished Apr 16, 10:22AM EDT Draf ...