Canaccord Adjusts DraftKings (DKNG) Amid Slowing State Handle Trends Despite Resilient Q4 Performance

DraftKings Inc. (NASDAQ:DKNG) is one of the most promising low-cost stocks to buy now. On February 3, Canaccord Genuity analyst Michael Graham lowered the firm’s price target on DraftKings to $50 from $54 with a Buy rating. The adjustment followed a sell-off in digital gambling stocks driven by investor concerns over state reports showing decelerating handle trends in December and January. Despite these trends, the firm noted that recent data points to Q4 2025 results remaining broadly in line with expect ...