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Key Points

  • DraftKings has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, reflecting a shift in analyst sentiment about the stock's performance.
  • Despite the downgrade, other brokerages like Benchmark and Macquarie have set price targets between $53.00 and $60.00, indicating a mixed outlook among analysts.
  • DraftKings reported a revenue increase of 36.9% year-over-year, with earnings per share of $0.30 for the last quarter, surpassing the expected consensus.
  • Five stocks to consider instead of DraftKings.
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