Citi Trims DraftKings' Target to $29 Ahead of Q1: Is the Sports Betting Boom Losing Momentum?

Impact · against what's priced in

The news for DraftKings is moderately negative as analyst revisions suggest a softer-than-expected Q1, though the market's steep YTD decline suggests significant risk is already baked in. Conversely, Boyd Gaming and Caesars Entertainment receive mild positive catalysts from price target increases driven by strength in the Las Vegas Strip.

CZR+0.30

No priced-in read yet