Analysts Bernstein expects upside for DraftKings (DKNG) with a price target of $29 amid prediction market developments
DraftKings' stock performance appears disconnected from the company's positive outlook on prediction markets, following a recent court ruling that impacted regulatory oversight. Analysts suggest that while the stock has fallen significantly, the potential for growth in DraftKings' prediction market exchange, DKeX, remains underappreciated by investors.