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DraftKings Inc. (NASDAQ:DKNG) ranks among the best growth stocks to buy for the next 10 years. BMO Capital kept its Outperform rating on DraftKings Inc. (NASDAQ:DKNG) and lifted its price target from $64 to $65 on July 29. The firm also boosted the company’s revenue expectations for Q2 2025 and Q3 2025 by 3.5% and 1.7%, respectively, primarily due to robust state gaming disclosures from May through mid-July.
BMO Capital believes the DKNG stock is still worthwhile despite noting persistent regulatory challenges like taxes, prediction markets, and stalled state legalization initiatives owing to “continued execution on the fundamental story that leads to meaningful FCF generation.”
The firm also views DraftKings Inc. (NASDAQ:DKNG) as a top choice in its coverage universe and considers the company’s shares to be attractively valued at 16 times the projected free cash flow for FY 2026.
DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that offers sports betting, digital lottery courier, daily fantasy sports, and other products. Additionally, it offers online casino games, including roulette, slot machines, blackjack, and baccarat.
While we acknowledge the potential of DKNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
