Flutter Entertainment plc (NYSE:FLUT) Given Average Recommendation of “Moderate Buy” by Analysts

Flutter Entertainment plc (NYSE:FLUTGet Free Report) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $214.00.

Several brokerages have recently issued reports on FLUT. Wells Fargo & Company restated an “equal weight” rating and issued a $210.00 price objective on shares of Flutter Entertainment in a research note on Wednesday. JPMorgan Chase & Co. upgraded Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research report on Wednesday, March 13th. Moffett Nathanson began coverage on Flutter Entertainment in a research report on Monday, May 6th. They issued a “buy” rating and a $240.00 price objective for the company. BTIG Research boosted their price objective on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $255.00 target price on shares of Flutter Entertainment in a research note on Wednesday.

Check Out Our Latest Stock Report on Flutter Entertainment

Flutter Entertainment Trading Down 0.5 %

Shares of Flutter Entertainment stock opened at $206.50 on Friday. The stock has a 50-day simple moving average of $200.48 and a 200-day simple moving average of $140.44. Flutter Entertainment has a 52-week low of $148.00 and a 52-week high of $226.40.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in Flutter Entertainment during the first quarter worth $28,000. Global Retirement Partners LLC purchased a new stake in Flutter Entertainment during the 1st quarter worth about $45,000. YHB Investment Advisors Inc. purchased a new stake in Flutter Entertainment during the 1st quarter worth about $45,000. V Square Quantitative Management LLC bought a new position in Flutter Entertainment in the 1st quarter worth about $67,000. Finally, Financial Perspectives Inc bought a new position in Flutter Entertainment in the 1st quarter worth about $102,000. Institutional investors own 0.01% of the company’s stock.

Flutter Entertainment Company Profile

(Get Free Report

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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Analyst Recommendations for Flutter Entertainment (NYSE:FLUT)

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