Sports BettingGamblingNews · Jul 23
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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