Citizens JMP Reiterates a Buy Rating on DraftKings (DKNG)

​DraftKings Inc. (NASDAQ:DKNG) is one of the Best Long Term Stocks to Buy Under $50. On September 17, Jordan Bender from Citizens JMP reiterated a Buy rating on DraftKings Inc. (NASDAQ:DKNG) with a price target of $54.

​The reiterated bullish sentiment comes after the firm hosted an investor meeting with the company’s CEO, Jason Robins, CFO Alan Ellingson, and Senior Director of Investor Relations, Michael DeLalio. The analyst noted that a tough start to the NFL season was the major topic of discussion, regarding which the management remained optimistic about the company’s direction.

Moreover, DraftKings Inc. (NASDAQ:DKNG) topped Wall Street estimates during its fiscal second quarter of 2025. The company delivered $1.51 billion in revenue, up 36.95% year-over-year and ahead of consensus by $85.96 million. Moreover, the EPS of $0.30 also came in ahead of the estimates by $0.14. Management has maintained its revenue guidance of $6.2 billion to $6.4 billion for fiscal 2025.

​DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment company offering online and retail sports betting, online casinos, and daily fantasy sports.

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.

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Disclosure: None. This article is originally published at Insider Monkey.