Wells Fargo Boosts DraftKings Inc. (DKNG) to Overweight from Equal Weight

TheFly reported connected January 15, 2026, that Wells Fargo boosted DraftKings Inc. (NASDAQ:DKNG) to Overweight from Equal Weight. It lifted its terms nonsubjective to $49 from $31 arsenic portion of a 2026 Digital Gaming probe preview. The institution anticipates beardown nett maturation successful 2026 and notes favorable semipermanent improvement prospects successful integer gaming. According to its probe note, Wells Fargo besides believes that DraftKings volition person higher near-term imaginable owed to projections of a coagulated fourth-quarter performance.

Separately, JPMorgan reduced its terms nonsubjective for  DraftKings Inc. (NASDAQ:DKNG) from $42 to $41 connected January 23, 2026. It retained its Overweight standing up of the company’s fourth-quarter earnings. In its Q4 preview, the corp changed its goals for the gaming industry, pointing retired that gaming stocks are facing a batch of antagonistic sentiment. JPMorgan urged investors to beryllium selective, citing integer gaming arsenic the champion anticipation for nett beats.

The banal was down by 15.96% YTD arsenic of January 23, 2026.

DraftKings Inc. (NASDAQ:DKNG) is simply a integer sports amusement and gaming firm.

While we admit the imaginable of DKNG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.