Sports BettingGamblingNews · 1h ago
Morgan Stanley Lowers DraftKings Price Target Despite Prediction Markets Expansion
By Stefan Velikov•July 23, 2026
The brief
Multinational investment bank and financial services company Morgan Stanley has predicted second-quarter EBITDA of approximately $150 million for DraftKings. This is significantly below the sell-side consensus estimate of around $175 million, putting DraftKing’s price target down to $36 from $39. Morgan Stanley Publis…
Original report
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