Top 10 Stocks in Ken Griffin’s Portfolio to Buy According to Analysts

3. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 65

Stock Upside Potential as of April 11: 70.52%

Citadel Investment Group’s Equity Stakes: $334,578,325

DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that provides online sports betting, daily fantasy sports, media, and digital lottery courier services. It also offers iGaming, or online casino products, which include blackjack, roulette, baccarat and slot machines. Given its significant exposure to the multibillion-dollar online gambling sectors, it stands out as one of the top stocks in Ken Griffin’s portfolio.

DraftKings Inc. (NASDAQ:DKNG) serves over 9.3 million customers, up from 2 million just five years ago, affirming its robust growth in the multibillion-dollar gaming sector. Its sportsbook is accessible in 25 states, including Ontario and Canada, and it plans to expand into other US states as part of an expansion drive.

DraftKings Inc. (NASDAQ:DKNG) is poised to strengthen its growth prospects by launching a sportsbook in Missouri following a legalization drive. DraftKings has done well at making money off of its present clientele, regardless of when more states legalize sports betting. Its revenue for the twelve months ending Dec 31, 2024, increased from $3.67 billion in 2023 to $4.77 billion in 2024. Adjusted earnings before interest, taxes, depreciation, amortization (EBITDA) and free cash flow were positive for DraftKings for the first time in 2024.

Compared to the $151 million it lost in 2023, its $181 million in adjusted EBITDA in 2024 signals the company has turned the corner in terms of profitability. In 2025, DraftKings Inc. (NASDAQ:DKNG) anticipates its adjusted EBITDA will reach a significant milestone of $900 million to $1 billion.