Stifel downgrades DraftKings to Hold from Buy, lowers price target to $21 from $32

What happened

UBS, JPMorgan and Stifel downgraded DraftKings, citing concerns about slowing growth, profitability and its prediction markets business. Stifel cut its price target from $32 to $21 and changed its rating from Buy to Hold. JPMorgan also cut its target to $21 from $30.

Global impact / market context

The downgrades signal that these analysts see more concerns about DraftKings’ growth and profits. Their lower targets may affect how investors view the stock, but they do not establish what the stock will do next.

What to watch

1. Check whether more analysts change their ratings or targets, because further downgrades could add to concern.
2. Check for company updates on growth, because slowing growth was one reason given for the downgrades.
3. Check for company updates on profitability and its prediction markets business, because both were cited as concerns.

Affected assets

• DraftKings

Evidence

• Infoway News — DraftKings Faces Three Analyst Downgrades — JPMorgan Says It's 'Increasingly Difficult To Recommend' The Stock 2026-11-09T11:14:51+00:00
• Infoway News — DraftKings Price Target Cut to $21.00/Share From $32.00 by Stifel 2026-11-09T09:29:00+00:00
• Infoway News — Stifel downgrades DraftKings to Hold from Buy, lowers price target to $21 from $32 2026-11-09T09:17:15+00:00
• Incident timeline — DraftKings Faces Three Analyst Downgrades — JPMorgan Says It's 'Increasingly Difficult To Recommend' The Stock
• Incident timeline — DraftKings Price Target Cut to $21.00/Share From $32.00 by Stifel
• Incident timeline — Stifel downgrades DraftKings to Hold from Buy, lowers price target to $21 from $32