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Is DraftKings Inc. (DKNG) One of the Best Large Cap Stocks With More Than 50% Upside?
Yahoo Financeยท 2025-10-16 14:07
Core Viewpoint - DraftKings Inc. (NASDAQ:DKNG) is identified as a strong investment opportunity with over 50% upside potential following a rating upgrade from Berenberg analyst Jack Cummins, who changed the stock rating from Hold to Buy and adjusted the price target from $45 to $43 [1][2]. Company Overview - DraftKings Inc. operates in the digital sports entertainment and gaming sector, offering a range of services including online casino, online sports betting, retail sportsbook, daily fantasy sports, media, and other consumer products [3]. Market Context - The recent volatility in prediction markets and the decline in share prices of gambling companies have created new investment opportunities, prompting Berenberg to upgrade DraftKings based on valuation after a recent selloff [2].