Flutter Entertainment (NYSE:FLUT) Price Target Raised to $255.00 at Oppenheimer

Flutter Entertainment (NYSE:FLUT) had its price target increased by Oppenheimer from $240.00 to $255.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on the stock. Moffett Nathanson started coverage on shares of Flutter Entertainment in a research note on Monday, May 6th. They set a buy rating and a $240.00 price objective for the company. JMP Securities restated a market outperform rating and set a $246.00 price objective on shares of Flutter Entertainment in a report on Wednesday, May 15th. Wells Fargo & Company increased their price objective on shares of Flutter Entertainment from $212.00 to $218.00 and gave the company an equal weight rating in a research report on Tuesday, July 16th. BTIG Research lifted their price target on Flutter Entertainment from $242.00 to $245.00 and gave the stock a buy rating in a research report on Wednesday, May 15th. Finally, Susquehanna decreased their price objective on shares of Flutter Entertainment from $249.00 to $235.00 and set a positive rating for the company in a research note on Thursday, May 30th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment presently has a consensus rating of Moderate Buy and an average price target of $2,213.50.

Flutter Entertainment Stock Up 8.0 %

Shares of NYSE FLUT opened at $206.70 on Wednesday. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $226.40. The stock’s fifty day simple moving average is $192.10 and its two-hundred day simple moving average is $188.47.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors have recently made changes to their positions in the company. Capital World Investors purchased a new position in Flutter Entertainment in the first quarter valued at $2,880,796,000. Capital Research Global Investors purchased a new stake in Flutter Entertainment in the 1st quarter worth $2,418,032,000. Vanguard Group Inc. acquired a new position in Flutter Entertainment during the first quarter worth $1,578,442,000. Capital International Investors purchased a new position in Flutter Entertainment during the first quarter valued at $507,170,000. Finally, Marshall Wace LLP lifted its stake in Flutter Entertainment by 339.2% in the 2nd quarter. Marshall Wace LLP now owns 1,076,739 shares of the company’s stock valued at $196,354,000 after buying an additional 831,585 shares in the last quarter.

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.