Wells Fargo & Company Raises Flutter Entertainment (NYSE:FLUT) Price Target to $300.00

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its price target raised by equities research analysts at Wells Fargo & Company from $285.00 to $300.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 20.96% from the stock's current price.

A number of other research firms have also commented on FLUT. Craig Hallum lifted their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Oppenheimer lifted their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Macquarie initiated coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They issued an "outperform" rating and a $340.00 price target on the stock. Susquehanna dropped their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday. Finally, UBS Group lifted their price target on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $311.41.

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Flutter Entertainment Stock Down 3.6 %

NYSE FLUT traded down $9.19 during trading on Wednesday, reaching $248.02. The company's stock had a trading volume of 3,095,753 shares, compared to its average volume of 1,588,790. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $44.02 billion and a PE ratio of 1,127.38. The business has a 50-day moving average price of $267.23 and a 200-day moving average price of $251.35. Flutter Entertainment has a 1-year low of $174.03 and a 1-year high of $299.73.

Institutional Investors Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of FLUT. Parvus Asset Management Europe Ltd bought a new stake in Flutter Entertainment in the 4th quarter valued at $2,146,227,000. Norges Bank bought a new stake in Flutter Entertainment in the 4th quarter valued at $946,681,000. Massachusetts Financial Services Co. MA bought a new stake in Flutter Entertainment in the 3rd quarter valued at $849,474,000. Bank of Montreal Can increased its holdings in Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after buying an additional 3,019,376 shares during the period. Finally, Invesco Ltd. bought a new stake in Flutter Entertainment in the 4th quarter valued at $621,680,000.

About Flutter Entertainment

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.