Flutter Entertainment (NYSE:FLUT) Price Target Increased to $224.00 by Analysts at Wells Fargo & Company

Flutter Entertainment (NYSE:FLUT) had its price target raised by analysts at Wells Fargo & Company from $218.00 to $224.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 17.04% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Moffett Nathanson began coverage on Flutter Entertainment in a research report on Monday, May 6th. They set a “buy” rating and a $240.00 price target on the stock. Susquehanna reduced their price target on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a research report on Thursday, May 30th. JMP Securities reissued a “market outperform” rating and set a $246.00 price target on shares of Flutter Entertainment in a research report on Wednesday, May 15th. BTIG Research raised their target price on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Oppenheimer raised their target price on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,212.50.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $191.39 on Wednesday. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $226.40. The business’s 50 day simple moving average is $191.69 and its 200 day simple moving average is $188.34.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds have recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Flutter Entertainment by 10.6% during the 2nd quarter. Sei Investments Co. now owns 29,585 shares of the company’s stock valued at $5,394,000 after acquiring an additional 2,833 shares in the last quarter. Blue Whale Capital LLP acquired a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $19,626,000. DCF Advisers LLC acquired a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $584,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Flutter Entertainment by 93.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,077 shares of the company’s stock valued at $197,000 after acquiring an additional 520 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $3,199,000.

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.