Stifel cuts DraftKings to Hold and lowers price target to $21
Stifel moved DraftKings to Hold and cut its price target from $32 to $21. The new target implies about 13.5% upside from the last close.
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what happened
According to TradingView, Stifel has lowered its recommendation on DraftKings to Hold from Buy. The brokerage also reduced its price target from $32 to $21, a cut of 34.4%. The new target implies roughly 13.5% upside from the November 6 closing price of $18.51.
Other recent analyst views sit higher. The five latest notes over the past 30 days set targets between $25 and $30, with Macquarie at $28, Freedom Capital Markets at $25, Bernstein at $27, Needham at $30 and BTIG at $26. Ratings data is supplied by Benzinga.
why it matters
The downgrade stands out against other brokers, since Stifel's new target sits below the entire recent range of analyst targets. Rating changes like this are a regular part of the analyst flow, so the effect on markets usually stays with the stock itself rather than the wider sector.
tags
instruments
sources
- Stifel downgrades DraftKings to Hold from Buy, lowers price target to $21 from $32 — TradingView, 9 November 2026 at 09:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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