Citi analyst Steven Sheeckutz lowered the firm’s price target on DraftKings (DKNG) to $48 from $56 and keeps a Buy rating on the shares. The company a Q3 miss and cut its 2025 outlook due to customer-friendly outcomes, the analyst tells investors in a research note. Citi believes prediction market competition concerns may remain an overhang on the shares in the near-term.
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