Flutter Entertainment (NYSE:FLUT – Get Free Report) had its price target boosted by equities researchers at JMP Securities from $246.00 to $255.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ target price would indicate a potential upside of 23.29% from the company’s previous close.
FLUT has been the topic of several other research reports. Moffett Nathanson began coverage on shares of Flutter Entertainment in a research report on Monday, May 6th. They issued a “buy” rating and a $240.00 price target on the stock. BTIG Research lifted their target price on Flutter Entertainment from $245.00 to $249.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of Flutter Entertainment from $218.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday. Benchmark restated a “buy” rating and set a $255.00 target price on shares of Flutter Entertainment in a research report on Wednesday. Finally, Oppenheimer raised their price target on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday. One investment 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.com, Flutter Entertainment has an average rating of “Moderate Buy” and an average target price of $2,213.50.
Read Our Latest Stock Report on FLUT
Flutter Entertainment Price Performance
Hedge Funds Weigh In On Flutter Entertainment
Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in shares of Flutter Entertainment in the 1st quarter worth approximately $1,272,000. Nordea Investment Management AB purchased a new position in Flutter Entertainment in the 1st quarter worth approximately $1,656,000. Capital International Ltd. CA bought a new position in Flutter Entertainment in the 1st quarter valued at approximately $2,180,000. Swiss National Bank purchased a new position in shares of Flutter Entertainment in the first quarter worth $119,485,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Flutter Entertainment during the first quarter valued at $1,578,442,000.
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.
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