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

Flutter Entertainment (NYSE:FLUT) had its price objective hoisted by Needham & Company LLC from $300.00 to $310.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

FLUT has been the subject of several other research reports. Oppenheimer boosted their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Craig Hallum boosted their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Benchmark boosted their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They set a “buy” rating and a $320.00 price objective for the company. Eighteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $311.12.

Flutter Entertainment Trading Up 2.0 %

NYSE:FLUT opened at $271.43 on Wednesday. Flutter Entertainment has a one year low of $174.03 and a one year high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day simple moving average of $267.55 and a 200-day simple moving average of $250.70.

Institutional Trading of Flutter Entertainment

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at $26,000. Finally, IFP Advisors Inc boosted its holdings in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after acquiring an additional 83 shares during the last quarter.

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.