Needham Lowers DraftKings (DKNG) PT to $35 Following Earnings Miss, Reduced Revenue Outlook

DraftKings Inc. (NASDAQ:DKNG) is one of the best growth stocks to buy for the next 20 years. On February 17, Needham lowered its price target on DraftKings to $35 from $52 with a Buy rating following a Q4 2025 earnings miss and a reduced revenue outlook for fiscal year 2026. While the firm expects the upcoming investor day to be beneficial, the analyst argued that the company must develop a prediction market product on par with Kalshi to drive meaningful revenue and cash flow. Northland analyst Greg Giba ...