Stifel downgrades DraftKings to Hold and cuts price target to $21
Stifel analysts lowered their DraftKings rating from Buy to Hold and reduced the price target from $32 to $21 a share, Dow Jones Newswires reports.
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what happened
According to Dow Jones Newswires, Stifel analysts downgraded DraftKings shares from Buy to Hold. At the same time, the price target on the stock was lowered from $32 to $21 per share.
The move was also listed in Benzinga's ratings feed, timestamped 09:29 GMT.
why it matters
Analyst actions of this kind usually affect the company's own stock more than the broader market. For investors in DraftKings, it signals a more cautious view on the shares from one brokerage.
tags
instruments
sources
- DraftKings Price Target Cut to $21.00/Share From $32.00 by Stifel — Dow Jones Newswires, 9 November 2026 at 09:29 UTC
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