Oppenheimer Increases Flutter Entertainment (NYSE:FLUT) Price Target to $255.00

Flutter Entertainment (NYSE:FLUT) had its price target hoisted by analysts at Oppenheimer from $240.00 to $255.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 33.24% from the company’s current price.

A number of other research firms have also recently issued reports on FLUT. Moffett Nathanson assumed coverage on Flutter Entertainment in a research report on Monday, May 6th. They set a “buy” rating and a $240.00 price objective on the stock. BTIG Research boosted their price objective on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Susquehanna lowered their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a research report on Thursday, May 30th. Wells Fargo & Company boosted their price objective on Flutter Entertainment from $212.00 to $218.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Finally, Benchmark reiterated a “buy” rating and issued a $255.00 price target on shares of Flutter Entertainment in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and an average price target of $2,212.50.

Flutter Entertainment Stock Up 1.6 %

Shares of NYSE FLUT opened at $191.39 on Wednesday. The business’s 50 day moving average is $191.69 and its two-hundred day moving average is $188.34. Flutter Entertainment has a 12 month low of $148.00 and a 12 month high of $226.40.

Hedge Funds Weigh In On Flutter Entertainment

Several large investors have recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in Flutter Entertainment in the first quarter valued at about $28,000. Rothschild Investment LLC bought a new stake in Flutter Entertainment in the second quarter valued at about $37,000. CWM LLC bought a new stake in Flutter Entertainment in the second quarter valued at about $40,000. Global Retirement Partners LLC bought a new stake in Flutter Entertainment in the first quarter valued at about $45,000. Finally, YHB Investment Advisors Inc. bought a new stake in Flutter Entertainment in the first quarter valued at about $45,000.

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.