Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street

6. DraftKings Inc. (NASDAQ:DKNG)

DraftKings is an entertainment and gaming company, though it is widely known for its association with online sports betting and fantasy sports offerings. The company’s stock is down 10% and the correction is a good opportunity to ride the next wave of sports betting.

DKNG grew at 30% last year. It added 3.5 million new customers and became free cash flow positive for the first time. Total customer base grew by a whopping 42% and that’s what the company now intends to monetize.

2025 will be the year the company enhances its live betting products. It has acquired companies like Sports IQ Analytics, Simplebet, and Mustard Golf. The intention is to attract people through an amazing live betting experience.

If the company is able to pull that off, it could grow at about 35% again this year. The highest Wall Street price target of $75 suggests the stock could double from here and the fundamentals suggest the same.