Flutter Entertainment (NYSE:FLUT) Price Target Raised to $310.00

Flutter Entertainment (NYSE:FLUT - Free Report) had its target price upped by Needham & Company LLC from $300.00 to $310.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on FLUT. Oppenheimer increased their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Truist Financial started coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a "buy" rating and a $330.00 price target on the stock. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research report on Monday, February 3rd. Susquehanna lowered their price objective on shares of Flutter Entertainment from $322.00 to $317.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus assumed coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They issued a "buy" rating and a $320.00 price objective on the stock. Eighteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $311.41.

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Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock traded down $9.19 during trading hours on Wednesday, reaching $248.02. 3,095,753 shares of the company's stock were exchanged, compared to its average volume of 1,588,790. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a market capitalization of $44.02 billion and a P/E ratio of 1,127.38. The business has a fifty day moving average of $267.23 and a two-hundred day moving average of $251.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On Flutter Entertainment

A number of large investors have recently bought and sold shares of FLUT. abrdn plc acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at $224,000. US Bancorp DE grew its holdings in shares of Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company's stock valued at $56,000 after acquiring an additional 99 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Flutter Entertainment in the 3rd quarter valued at about $2,784,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Flutter Entertainment in the 3rd quarter valued at about $4,900,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Flutter Entertainment in the 3rd quarter valued at about $14,770,000.

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.