These Analysts Slash Their Forecasts On DraftKings After Q1 Results
1. DraftKings' Q1 revenue grew 20% but missed estimates by $30 million. 2. Company lowered its yearly revenue and adjusted EBITDA guidance significantly. 3. CEO highlighted strong customer metrics amidst a changing economic landscape. 4. Analysts maintained 'Buy' ratings but reduced price targets for DKNG shares. 5. DraftKings shares rose 4.4% following the earnings announcement.