12 Stocks to Buy with Exponential Growth in 2025

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9. DraftKings Inc. (NASDAQ:DKNG)

Average Upside Potential: ~58.4%

Number of Hedge Fund Holders: 65

DraftKings Inc. (NASDAQ:DKNG) operates as a digital sports entertainment and gaming company. Northland upped the price objective on the company’s stock to $60 from $50, keeping an “Outperform” rating after it delivered results which surpassed the firm’s estimates. DraftKings Inc. (NASDAQ:DKNG) continues to achieve strong conversion into its parlay offerings, aiding a higher than anticipated structural hold rate, which is being reflected in a healthy start to 2025, says the analyst. In Q4 2024, the company saw revenues of $1,393 million, reflecting an increase of 13% as compared to $1,231 million in the same period in 2023.

Overall, in FY 2024, DraftKings Inc. (NASDAQ:DKNG) remains focused on efficiently acquiring and engaging customers, expanding the structural sportsbook hold percentage as well as optimizing the promotional reinvestment. Elsewhere, Needham upped the company’s price target to $65 from $60, keeping a “Buy” rating. The firm remains incrementally more bullish on DraftKings Inc. (NASDAQ:DKNG) achieving the targets as online sports betting handle trends continue to accelerate in Q1 and with sports outcomes viewed as favourable quarter-to-date. Notably, the company raised the midpoint of its FY 2025 revenue guidance, and now anticipates revenue of $6.3 billion – $6.6 billion as compared to the previous guidance of $6.2 billion – $6.6 billion.

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