Benchmark Co. Reiterates Buy Rating on DraftKings (DKNG) Stock

Group 1 - DraftKings Inc. (NASDAQ:DKNG) is identified as a stock with exponential growth potential heading into 2026, with a "Buy" rating and a price objective of $43.00 from Benchmark Co. analyst Mike Hickey [1][2] - The strategic acquisition of Railbird Technologies is seen as a pivotal move for DraftKings, allowing entry into prediction markets and expanding its total addressable market [1][2] - The acquisition is expected to enhance DraftKings' regulatory and technological capabilities, positioning the company to exploit new growth opportunities in the digital gaming sector [2][3] Group 2 - Broader industry trends and potential state-level legalization efforts are anticipated to improve DraftKings' market, offering significant long-term growth prospects [3] - DraftKings is recognized as a leader in the expanding U.S. online gaming and sports betting market, benefiting from ongoing state-by-state legalization and a growing total addressable market [3] - The company is demonstrating improving economics through disciplined cost management and operational leverage, which supports its ability to capture additional market share and sustain long-term growth [3]