Cathie Wood’s 10 Stock Picks with Huge Upside Potential

5. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 68

Upside Potential: 64.10%

Share Price Performance (Sep 30 – Feb 2): -26.68%

DraftKings Inc. (NASDAQ:DKNG) is one of Cathie Wood’s 10 stock picks with huge upside potential.

As of February 2, 2026, over 80% of analysts covering DraftKings Inc. (NASDAQ:DKNG) remain bullish, with a consensus upside potential of 64.10%.

The recent analyst action came ahead of Q4 results, scheduled to be announced on February 12, 2026. On January 30, 2026, Rothschild & Co reduced its price target on DraftKings Inc. (NASDAQ:DKNG) from $37 to $35, while reiterating a ‘Neutral’ rating. According to the state-level fourth-quarter data, the firm projects potential revenue misses and a moderation in growth for 2026. Yet, online sports betting volumes are expected to remain strong with the FIFA World Cup just around the corner.

Meanwhile, on the same day, Stifel cut its price target on DraftKings Inc. (NASDAQ:DKNG) from $46 to $44, while reiterating a ‘Buy’ rating. The firm cited the company’s short-term appeal amid NBA handle share momentum and derisked FY26 estimates, and potential upside from upcoming sporting events, including the Winter Olympics and World Cup. The firm’s revised target reflects its event-driven sentiment, with slowing growth largely priced in and select catalysts driving upside in 2026.

DraftKings Inc. (NASDAQ:DKNG), a Boston-based digital sports entertainment and gaming company, offers online sports betting, casino, fantasy sports, DraftKings Marketplace, retail sportsbook, media, and other consumer gaming products since 2011.