Brokerages Set Flutter Entertainment plc (NYSE:FLUT) Price Target at $219.87

Shares of Flutter Entertainment plc (NYSE:FLUT) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $219.87.

Several brokerages recently weighed in on FLUT. Benchmark reaffirmed a “buy” rating and issued a $255.00 target price on shares of Flutter Entertainment in a report on Wednesday, May 15th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $210.00 target price on shares of Flutter Entertainment in a report on Wednesday, May 15th. Susquehanna reduced their target price on shares of Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. Finally, Moffett Nathanson started coverage on shares of Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 price target on the stock.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently modified their holdings of FLUT. Capital World Investors purchased a new position in shares of Flutter Entertainment during the first quarter worth approximately $2,880,796,000. Capital Research Global Investors purchased a new position in Flutter Entertainment in the 1st quarter valued at $2,418,032,000. Vanguard Group Inc. purchased a new position in Flutter Entertainment in the 1st quarter valued at $1,578,442,000. Capital International Investors purchased a new position in Flutter Entertainment in the 1st quarter valued at $507,170,000. Finally, Swiss National Bank purchased a new position in Flutter Entertainment in the 1st quarter valued at $119,485,000.

Flutter Entertainment Stock Up 2.0 %

Shares of NYSE:FLUT opened at $194.12 on Monday. The firm’s 50 day moving average price is $192.93 and its 200 day moving average price is $166.12. Flutter Entertainment has a fifty-two week low of $148.00 and a fifty-two week high of $226.40.

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.