Analysts See Growth Potential for Eli Lilly, Vista Energy, and AMD

Benchmark has identified a promising buying opportunity in the online gambling sector, specifically for DraftKings (DKNG). The firm reiterated its buy rating and set a price target of $44 per share, citing the company's market leadership and its status as a pure-play in the North American online market. Analysts believe that DKNG's strong positioning justifies a premium valuation, making it a top pick for investors. In a separate analysis, Bank of America has resumed coverage of TKO Group, projecting a significant 45% rise in stock value for 2024. The firm attributes this potential growth to the increasing importance of sports rights in a fragmented media landscape, suggesting that premium intellectual property companies like TKO warrant higher valuations. TKO Group's stock has already seen a notable increase of over 44% this year. JPMorgan has initiated coverage of Vista Energy, highlighting its unique position in the South American Vaca Muerta basin. The firm has given Vista an overweight rating, forecasting more than 38% upside from its recent closing price of $49.10. This positions Vista as a compelling investment opportunity within the regional oil sector. Wells Fargo has also named Eli Lilly a top pick in biotechnology, citing favorable supply conditions and positive outcomes from key drug trials as growth drivers. The firm has set a price target of $1,000 per share, indicating an 8% upside from its recent close of $921.81. Eli Lilly's stock has surged over 58% in 2024, bolstered by anticipated catalysts in upcoming clinical trials.