Macquarie analyst Chad Beynon lowered the firm’s price target on DraftKings to $52 from $54 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results in Online Gaming. Given the flattish online sports betting market hold and 39% volume increase, the firm is anticipating “slight market beats”, the analyst tells investors in a research note. Macquarie adds that it is forecasting 30% y/y FY24 North America Online market Gross Gaming Revenue growth, followed by 11% growth in FY25 and 27% growth in FY26.
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