Flutter Entertainment (NYSE:FLUT) Price Target Raised to $255.00 at JMP Securities

Flutter Entertainment (NYSE:FLUT) had its price target lifted by JMP Securities from $246.00 to $255.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other brokerages have also recently weighed in on FLUT. Moffett Nathanson began coverage on shares of Flutter Entertainment in a research report on Monday, May 6th. They issued a buy rating and a $240.00 price target on the stock. Oppenheimer increased their price objective on Flutter Entertainment from $240.00 to $255.00 and gave the stock an outperform rating in a research note on Wednesday. BTIG Research lifted their target price on Flutter Entertainment from $245.00 to $249.00 and gave the company a buy rating in a research report on Wednesday. Wells Fargo & Company increased their price target on Flutter Entertainment from $218.00 to $224.00 and gave the company an equal weight rating in a research report on Wednesday. Finally, Susquehanna raised their price objective on Flutter Entertainment from $222.00 to $230.00 and gave the company a positive rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of Moderate Buy and a consensus price target of $2,213.50.

Flutter Entertainment Price Performance

NYSE FLUT opened at $206.70 on Wednesday. The company has a fifty day simple moving average of $192.10 and a 200 day simple moving average of $188.47. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $226.40.

Institutional Investors Weigh In On Flutter Entertainment

A number of hedge funds have recently made changes to their positions in FLUT. Artemis Investment Management LLP purchased a new stake in shares of Flutter Entertainment during the 1st quarter worth approximately $29,611,000. Allspring Global Investments Holdings LLC purchased a new stake in Flutter Entertainment in the first quarter worth $7,319,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Flutter Entertainment in the first quarter valued at $70,371,000. Financial Perspectives Inc purchased a new position in shares of Flutter Entertainment during the 1st quarter valued at $102,000. Finally, Arthur M. Cohen & Associates LLC bought a new position in shares of Flutter Entertainment during the 1st quarter worth $282,000.

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.