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Stifel cuts DraftKings 2026 earnings estimate by 100 million dollars for prediction market spending, iGaming Express reports
- Stifel cuts DraftKings 2026 earnings estimate by 100 million dollars for prediction market spending, iGaming Express reports — Stifel took 100 million dollars off its 2026 adjusted EBITDA estimate for DraftKings to cover extra prediction-market spending, leaving its estimate 16 percent below the 700 million dollar low end of company guidance at about 588 million dollars. Stifel lowered its DraftKings price target to 32 dollars from 36 dollars while keeping a Buy rating, ahead of DraftKings reporting on November 5. (iGaming Express)
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