DraftKings Inc. (NASDAQ: DKNG) saw its price target raised to $60 by Susquehanna analyst Joseph Stauff, indicating a potential 37% upside from the current price of $43.80. The company’s positive rating reflects strong growth prospects outside of tech. Adjusted estimates for Q2 and beyond show improved performance and market expansion. Despite regulatory challenges in the online gambling sector, DraftKings remains well-positioned for growth. The company offers a range of digital sports betting, iGaming, and fantasy sports platforms in multiple U.S. states. While DraftKings shows promise as an investment, some AI stocks may offer greater potential and less risk. For those seeking opportunities in undervalued AI stocks, consider exploring other options.

Read more at Yahoo Finance: DraftKings (DKNG) Price Target Raised as Growth Outlook Improves