The positive outlook from analysts, including a new Buy rating from Mizuho with a $58 price target and Bank of America's price target increase to $54, underscores DraftKings' strong growth potential and underappreciated earnings power. This analyst coverage, along with the company's strategic moves like the Jackpocket acquisition and AI initiatives, likely contributed to the stock's recent performance, including reaching a new 52-week high. The bullish sentiment from reputable financial institutions could continue to drive investor interest and stock price in the short term.