Multinational investment bank and financial services company Morgan Stanley has predicted second-quarter EBITDA of approximately $150 million for DraftKings. This is significantly below the sell-side consensus estimate of around $175 million, putting DraftKing’s price target down to $36 from $39.
Morgan Stanley, a multinational investment bank and financial services company, has revised its price target for DraftKings despite the expansion of prediction markets. The new analysis, published on July 22, forecasts DraftKings' second-quarter EBITDA to be around $150 million, a notable deviation from the sell-side consensus of $175 million. As a result, the price target for DraftKings has been reduced from $39 to $36.
