UBS analyst Robin Farley lowered the firm’s price target on DraftKings (DKNG) to $56 from $58 and keeps a Buy rating on the shares. The firm updated its model to account for the $200M negative impact from the tax increases that are already in the stock.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- 3 “Strong Buy” Growth Stocks to Buy Now, According to Analysts – 9/22/2025
- DraftKings (DKNG) Wins Analyst Praise despite Its Worst Single-Game Loss Ever
- The Bear Cave issues cautious report on DraftKings
- Private Markets: Databricks valued at over $100B in latest fundraising
- DraftKings management to meet with Citizens JMP