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.

Why DraftKings Inc. (DKNG) Crashed On Monday

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DKNG and that has 100x upside potential, check out our report about this cheapest AI stock.

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