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Analysts trim DraftKings and Flutter targets ahead of earnings as prediction market spending weighs on results, Legal Sports Report says
- Analysts trim DraftKings and Flutter targets ahead of earnings as prediction market spending weighs on results, Legal Sports Report says — Truist analyst Barry Jonas trimmed his DraftKings target to 26 dollars and Flutter target to 100 dollars while keeping both at buy, and Bank of America's Julie Hoover stayed neutral on Flutter at 115 dollars after upgrading DraftKings to buy at 27 dollars. Both analysts expect larger third-quarter losses tied to higher prediction market spending this year, with Flutter set to report earnings on November 4. (Legal Sports Report)
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