Citi Lowers DraftKings' Price Target to $29 Amid Q1 Earnings Outlook
Citi has lowered its price target on DraftKings (DKNG) from $32 to $29, maintaining a Buy rating, due to margin volatility and regional market softness ahead of Q1 earnings. The stock is currently trading below the new target, indicating market concerns about execution risks. Citi also raised targets for Boyd Gaming and Caesars Entertainment, suggesting a mixed outlook for the gaming sector.
Topics: analyst rating Citi DraftKings price target sports betting stock analysis