"Analyst Raises DraftKings Stock Target to $54 Amid March Madness Profit Potential"

Analysts at Mizuho Securities initiated coverage of DraftKings stock with a "buy" rating and a $58 price target, citing the company's leading position in the North American online sports betting market and improving earnings. While the stock trades at an expensive valuation, the company's ability to control operating expenses and leverage in-house developed games and content could lead to higher profits. Patient investors may see new highs for the stock, but potential investors should consider other stock options identified by The Motley Fool Stock Advisor team.