Wells Fargo Boosts DraftKings Inc. (DKNG) to Overweight from Equal WeightTheFly reported on January 15, 2026, that Wells Fargo boosted DraftKings Inc. (NASDAQ:DKNG) to Overweight from Equal Weight. It lifted its price objective to $49 from $31 as part of a 2026 Digital Gaming research preview. The company anticipates strong profit growth in 2026 and notes favorable long-term development prospects in digital gaming. In its Q4 preview, the corporation changed its goals for the gaming industry, pointing out that gaming stocks are facing a lot of negative sentiment. JPMorgan urged investors to be selective, citing digital gaming as the best possibility for profit beats.