FanDuel has lowered its guidance four times in a row, making Rothschild & Co less enthusiastic about the stock for now.
The repeated guidance cuts reflect the company’s ongoing challenges in scaling revenue and managing costs, according to analysts.
Rothschild & Co, which holds a stake in FanDuel, has signalled a more cautious outlook for the shares, advising investors to think twice before buying.
FanDuel is a sports betting and fantasy sports platform that has been working to turn around its fortunes after a period of volatility.
The latest guidance revisions underscore the uncertainty in the market and suggest that investors should monitor the company’s performance closely before making investment decisions.
<small>Source: CNBC — read the original story there.</small>