Citi raised the firm’s price target on DraftKings (DKNG) to $65 from $59 and keeps a Buy rating on the shares. The company reported Q4 revenue and adjusted EBTIDA modestly below the Street as “customer-friendly outcomes” weighed on results, the analyst tells investors in a research note. The firm says DraftKings modestly raised its 2025 revenue outlook and reiterated its 2025 adjusted EBTIDA guidance.
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