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DraftKings Extends Slump as UBS Forecasts Bigger Losses, no Profitability Until 2024Written by: Todd Shriber

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DraftKings (NASDAQ:DKNG) stock is extending recent bearishness Monday, after UBS forecast larger losses and a longer time line to profitability for the sports wagering company. In a note to clients today, the bank pared its price target on DraftKings to $44. While that’s nearly 10 percent above where the shares currently reside, that new forecast
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