Wells Fargo upgraded DraftKings (DKNG) to Overweight from Equal Weight with a price target of $49, up from $31, as part of a broader research previewing 2026 in Digital Gaming. The firm remains upbeat on long-term growth dynamics in Digital and anticipates robust 2026 profit growth, though it also believes that DraftKings offers better near-term upside with expectations of a “strong” Q4 for the company, the analyst tells investors in a research note.
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