Flutter Entertainment (NYSE:FLUT) Stock Rating Reaffirmed by Benchmark

Benchmark restated their buy rating on shares of Flutter Entertainment (NYSE:FLUT) in a research note published on Thursday morning, MarketBeat reports. Benchmark currently has a $255.00 price target on the stock.

A number of other research firms have also issued reports on FLUT. Susquehanna lowered their price target on Flutter Entertainment from $249.00 to $235.00 and set a positive rating on the stock in a report on Thursday, May 30th. Oppenheimer started coverage on Flutter Entertainment in a report on Tuesday, June 4th. They set an outperform rating and a $240.00 price target on the stock. Wells Fargo & Company raised their price target on Flutter Entertainment from $212.00 to $218.00 and gave the stock an equal weight rating in a report on Tuesday, July 16th. JMP Securities reissued a market outperform rating and set a $246.00 price target on shares of Flutter Entertainment in a report on Wednesday, May 15th. Finally, BTIG Research raised their price objective on shares of Flutter Entertainment from $242.00 to $245.00 and gave the company a buy rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $3,864.33.

Flutter Entertainment Price Performance

NYSE FLUT opened at $198.63 on Thursday. Flutter Entertainment has a 52-week low of $148.00 and a 52-week high of $226.40. The business’s 50-day moving average price is $193.65 and its 200 day moving average price is $180.19.

Institutional Investors Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of FLUT. Artemis Investment Management LLP acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at approximately $29,611,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at approximately $7,319,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at approximately $70,371,000. Financial Perspectives Inc acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at approximately $102,000. Finally, Arthur M. Cohen & Associates LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at approximately $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.