10 Best Growth Stocks to Buy for the Next 20 Years

5. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 68

DraftKings Inc. (NASDAQ:DKNG) is one of the best growth stocks to buy for the next 20 years. On February 17, Needham lowered its price target on DraftKings to $35 from $52 with a Buy rating following a Q4 2025 earnings miss and a reduced revenue outlook for fiscal year 2026. While the firm expects the upcoming investor day to be beneficial, the analyst argued that the company must develop a prediction market product on par with Kalshi to drive meaningful revenue and cash flow.

Northland analyst Greg Gibas lowered the firm’s price target on DraftKings on the same day to $24 from $30 and maintained a Market Perform rating. The adjustment reflects a significant downward revision to the company’s 2026 guidance, which accounts for increased spending on prediction market initiatives and new jurisdiction launches. Gibas noted that the softer outlook appears to incorporate a higher degree of management conservatism as the company navigates these heavy investment cycles.

TD Cowen analyst Lance Vitanza also lowered the firm’s price target on DraftKings Inc. (NASDAQ:DKNG) to $30 from $45 with a Buy rating. The firm noted that despite Q4 performance that exceeded expectations, the stock faced a significant sell-off due to a disappointing 2026 outlook.

DraftKings Inc. (NASDAQ:DKNG) operates as a digital sports entertainment and gaming company in the United States and internationally.