Flutter Entertainment (NYSE:FLUT) Price Target Increased to $224.00 by Analysts at Wells Fargo & Company

Flutter Entertainment (NYSE:FLUT) had its price target boosted by analysts at Wells Fargo & Company from $218.00 to $224.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 17.04% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. BTIG Research raised their price objective on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Moffett Nathanson assumed coverage on Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 price objective for the company. Oppenheimer raised their price objective on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday. Susquehanna dropped their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research note on Thursday, May 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $246.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and an average target price of $2,212.50.

Flutter Entertainment Price Performance

Shares of FLUT stock opened at $191.39 on Wednesday. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $226.40. The stock has a 50 day simple moving average of $191.69 and a 200-day simple moving average of $188.34.

Institutional Investors Weigh In On Flutter Entertainment

A number of large investors have recently bought and sold shares of FLUT. Artemis Investment Management LLP acquired a new stake in Flutter Entertainment during the 1st quarter valued at $29,611,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Flutter Entertainment during the first quarter worth $7,319,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Flutter Entertainment during the first quarter worth $70,371,000. Financial Perspectives Inc acquired a new stake in shares of Flutter Entertainment during the first quarter worth $102,000. Finally, Arthur M. Cohen & Associates LLC acquired a new stake in shares of Flutter Entertainment during the first quarter worth $282,000.

Flutter Entertainment Company Profile

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.