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Despite a recent decline in stock price, analysts remain bullish on DraftKings’ prospects, citing its strengths and potential for growth in the sports betting industry.

DraftKings Inc. reported a 20% revenue growth in Q1, exceeding expectations and sparking renewed optimism among analysts, who are revising their price targets upwards.

DraftKings is positioning itself for growth, but its prospects remain tied to regulatory progress and a potential acquisition by Bet365.

Mizuho has lowered its stock price target for DraftKings Inc. to $59, while another analyst has upgraded their investment outlook to bullish.

DraftKings Inc (DKNG) has demonstrated resilience in navigating market volatility, with its stock price experiencing a 2.73% increase and a 52-week range of $28.69 to $53.61.