DraftKings Launches $500M Debt Raise. The Stock Is Down. - Barron's

1. DraftKings' stock fell 5.4% after a $500 million debt raise announcement. 2. Analysts raised DKNG price targets following a revenue guidance boost for 2025. 3. BTIG analysts increased target from $59 to $64, citing positive revenue outlook. 4. Needham estimates DKNG's adjusted Ebitda could double to $2 billion by 2027. 5. Jefferies suggests DKNG may achieve higher revenue thanks to favorable sports results.