Benchmark Forecasts Strong Price Appreciation for Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment (NYSE:FLUT) had its target price boosted by Benchmark from $275.00 to $300.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. Truist Financial started coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price objective for the company. Susquehanna dropped their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday. UBS Group increased their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Finally, Barclays increased their price target on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday. Eighteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $311.12.

Flutter Entertainment Stock Up 2.0 %

Shares of FLUT opened at $271.43 on Wednesday. The business’s fifty day moving average price is $267.55 and its two-hundred day moving average price is $250.70. Flutter Entertainment has a 52 week low of $174.03 and a 52 week high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Institutional Trading of Flutter Entertainment

A number of large investors have recently bought and sold shares of FLUT. Jennison Associates LLC acquired a new position in shares of Flutter Entertainment in the fourth quarter valued at approximately $239,306,000. Vestcor Inc bought a new stake in Flutter Entertainment in the 3rd quarter valued at $815,000. Benson Investment Management Company Inc. acquired a new position in Flutter Entertainment in the 4th quarter worth $5,116,000. Sanctuary Advisors LLC bought a new position in Flutter Entertainment during the 3rd quarter worth about $802,000. Finally, Mediolanum International Funds Ltd raised its stake in shares of Flutter Entertainment by 157.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 45,304 shares of the company’s stock valued at $11,677,000 after purchasing an additional 27,701 shares during the period.

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.