DraftKings Inc. (NASDAQ:DKNG) is one of the The best high-volume stocks to buy according to Wall Street analysts.. On October 13, Northland lowered the company’s price target on DraftKings to $30 from $33 and maintained an underperform rating on the stock. The firm noted that massive funding rounds for Kalshi (raising $300 million, valuing it at $5 billion and tracking $50 billion in annual volume) and Polymarket (securing a $2 billion investment from ICE, the owner of the NYSE) signal the growing competitive threat that prediction markets pose to sports betting companies.
Early on October 7, Mizuho lowered the company’s price target to $54 from $58, while maintaining an Outperform rating on the stock. Mizuho remains constructive on DraftKings’ long-term potential, but at the same time, the company also believes estimates need to be adjusted downward in the near to medium term before the stock can find support.
DraftKings Inc. (NASDAQ:DKNG) operates as a digital sports entertainment and gaming company in the U.S. and internationally. It offers online sports betting, daily fantasy sports, media, digital lottery messaging, media and other products, as well as retail sportsbooks.
While we recognize DKNG’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.