Canaccord Genuity keeps DraftKings at Buy but cuts price target to $40
Canaccord Genuity maintained its Buy rating on DraftKings and lowered its price target to $40 from $44, according to Dow Jones Newswires.
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what happened
Analysts at Canaccord Genuity kept their Buy rating on DraftKings shares. At the same time, they reduced the price target on the stock to $40 from $44. The information was reported by Dow Jones Newswires, citing data from Benzinga.
why it matters
A lower price target combined with an unchanged Buy rating suggests analysts have slightly revised their valuation expectations for the stock while still seeing room for upside. For the broader market this is a routine update that mainly affects sentiment around DraftKings.
market impact
DraftKings stock: a lower price target modestly weighs on investor sentiment
tags
instruments
sources
- DraftKings Is Maintained at Buy by Canaccord Genuity — Dow Jones Newswires, 23 October 2026 at 18:27 UTC
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