By SectorWire desk ·
The report said that Morgan Stanley analyst Stephen Grambling reduced his DraftKings DKNG · USD 18.90 2026-10-16 Data price target from $39 to $36. The change appeared in a 22 July report covering the wider gaming sector.
The lower target reduces Morgan Stanley’s valuation expectation for DraftKings shares.
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The lower target reflects the analysts’ concerns about prediction-market competition.
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