Flutter Entertainment (NYSE:FLUT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Flutter Entertainment (NYSE:FLUT) had its price objective increased by stock analysts at Wells Fargo & Company from $285.00 to $300.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.75% from the stock’s current price.

FLUT has been the topic of several other research reports. Truist Financial began coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They issued a “buy” rating and a $330.00 target price on the stock. Needham & Company LLC boosted their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday. Macquarie started coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 price target for the company. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment has an average rating of “Buy” and a consensus price target of $311.41.

Flutter Entertainment Price Performance

NYSE FLUT opened at $256.96 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment has a 52-week low of $174.03 and a 52-week high of $299.73. The business has a 50 day simple moving average of $267.50 and a 200 day simple moving average of $250.75.

Institutional Investors Weigh In On Flutter Entertainment

Several large investors have recently made changes to their positions in FLUT. abrdn plc purchased a new stake in Flutter Entertainment during the third quarter worth about $224,000. US Bancorp DE grew its position in shares of Flutter Entertainment by 71.7% during 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 during the period. Van ECK Associates Corp bought a new position in shares of Flutter Entertainment during the 3rd quarter valued at approximately $2,784,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Flutter Entertainment during the 3rd quarter worth approximately $4,900,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Flutter Entertainment in the 3rd quarter worth approximately $14,770,000.

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.