Fantasy Upside
Kenny Stills carved out a nice role for himself a year ago as the vertical threat in Sean Payton's offense. He doesn't see consistent targets but when he does have an opportunity to contribute, it's often for big yardage (as his 20.0 yards per reception average from 2013 would indicate). Despite only catching 32 passes in 2013, five of those receptions went for touchdowns and he finished as fantasy's WR48. If Marques Colston or Jimmy Graham ever suffer injuries, then Stills' stock would rise significantly.
Fantasy Downside
Stills sat out each of the Saints' first two preseason games due to a quad injury and is considered questionable for Week 1. Soft-tissue injuries are often unpredictable and can linger, so New Orleans may decide to play it cautious with Stills early in the season. The other long-term issue for fantasy owners is what we mentioned in the "Fantasy Upside" section: Stills simply doesn't see enough targets to merit consideration as a WR3. And given how he's slated for the same role he had a year ago, he's likely to be a boom-or-bust option on a weekly basis.
Bottom Line
Stills is worth a roster stash based on the Saints' offense but he's going to be limited to a WR4/5 again this year. He simply doesn't catch enough passes to be worth a top-3 WR spot in PPR leagues and he's too risky for standard leagues despite his touchdown potential. His current ADP is in the 13th round of 10-team leagues, which is right around where owners could get steadier scoring options like Cecil Shorts, Greg Jennings and Steve Smith. Plus, with the reoccurring quad injury becoming a more pressing concern, be careful not to over-draft Stills this fall.