Is DraftKings Inc. (DKNG) One of the Best Large Cap Stocks With More Than 50% Upside?

DraftKings Inc. (NASDAQ:DKNG) is one of the best large cap stocks with more than 50% upside. DraftKings Inc. (NASDAQ:DKNG) received a rating update from Berenberg analyst Jack Cummins on October 9, who upgraded the stock to a Buy from Hold while reducing the price target to $43 from $45.

The analyst told investors in a research note that opportunities are arising due to the volatility of prediction markets and share price drops of companies that operate in gambling.

Berenberg thus upgraded DraftKings Inc. (NASDAQ:DKNG) on valuation after the recent selloff.

DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that provides online casino, online sports betting, retail sportsbook, daily fantasy sports product offerings, media, and other consumer product offerings.

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.