JMP Securities Raises Flutter Entertainment (NYSE:FLUT) Price Target to $255.00

Flutter Entertainment (NYSE:FLUT) 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.

Flutter Entertainment Price Performance

Flutter Entertainment stock traded up $15.44 during trading on Wednesday, hitting $206.83. The stock had a trading volume of 4,034,497 shares, compared to its average volume of 701,442. The stock’s 50 day moving average is $191.69 and its two-hundred day moving average is $188.34. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $226.40.

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.