Flutter Entertainment (NYSE:FLUT) PT Raised to $218.00

Flutter Entertainment (NYSE:FLUT) had its price target raised by investment analysts at Wells Fargo & Company from $212.00 to $218.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.11% from the stock’s current price.

FLUT has been the subject of a number of other reports. BTIG Research lifted their price objective on shares of Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and set a $255.00 target price on shares of Flutter Entertainment in a report on Wednesday, May 15th. Oppenheimer began coverage on shares of Flutter Entertainment in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $240.00 price target on the stock. JMP Securities restated a “market outperform” rating and set a $246.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, May 15th. Finally, Moffett Nathanson started coverage on Flutter Entertainment in a research report on Monday, May 6th. They issued a “buy” rating and a $240.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average price target of $5,464.90.

Flutter Entertainment Stock Down 2.1 %

FLUT opened at $203.53 on Tuesday. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $226.40. The business has a 50 day moving average of $194.61 and a 200-day moving average of $173.96.

Hedge Funds Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP bought a new position in shares of Flutter Entertainment in the first quarter worth $29,611,000. Allspring Global Investments Holdings LLC bought a new position in Flutter Entertainment in the 1st quarter valued at about $7,319,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at approximately $70,371,000. Financial Perspectives Inc bought a new stake in shares of Flutter Entertainment during the 1st quarter worth approximately $102,000. Finally, Arthur M. Cohen & Associates LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter worth approximately $282,000.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.