Jeffries Thinks DraftKings (DKNG) Share Decline Is Nearing End, Keeps Buy Rating

DraftKings Inc. (NASDAQ:DKNG) is one of the 14 Best Consumer Discretionary Stocks to Buy Right Now. Jefferies analyst David Katz, on February 15, reduced his target price on DraftKings by 8.0% to $46 (from $50) but kept the firm’s buy recommendation on the stock. The company’s conservative guidance in 2026, which David says includes several new product development and new location launch costs that will not immediately contribute to revenue, is one of the reasons for this change in target price. He, how ...