The NFL Season is Coming: Why DraftKings Stock is a Top Pick

The NFL season is just around the corner, and that means one thing: a surge in fantasy football and sports betting activity. For investors, this presents an opportunity to capitalize on the increased interest in sports-related stocks. One stock that’s been getting a lot of attention lately is DraftKings (DKNG).

A Top Pick for the Upcoming Season

Benchmark Analyst Mike Hickey recently upgraded DraftKings to a buy rating with a price target of $44, representing a nearly 30% increase. Hickey cites the upcoming NFL season as a significant catalyst for growth, and expects the company to benefit from increased user engagement and revenue. Despite a challenging year for the stock, Hickey remains optimistic about DraftKings’ prospects.

A Sign of Things to Come?

The NFL season is one of the most highly anticipated sporting events of the year, and fantasy football is a huge part of it. Last year, millions of fans participated in fantasy football leagues, with many more expected to join in this year. As the official daily fantasy partner of the NFL, DraftKings is well-positioned to capitalize on this trend.

I’ve been following DraftKings for a while now, and I have to say that I’m impressed with their strategy. By focusing on user engagement and expanding their offerings to include new sports and games, they’re setting themselves up for success in the long term.

A Buying Opportunity?

While DraftKings stock has taken a hit this year, I believe that the upcoming NFL season presents a buying opportunity for investors. With a strong brand and a solid strategy in place, I think that DraftKings is well-positioned to benefit from the increased interest in sports betting and fantasy football.

Overall, I think that DraftKings is a top pick for the upcoming NFL season. With a strong brand and a solid strategy in place, I believe that the company is well-positioned to benefit from the increased interest in sports betting and fantasy football.