Wells Fargo & Company Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price objective upped by analysts at Wells Fargo & Company from $285.00 to $300.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 12.62% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Truist Financial started coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 price target on the stock. Susquehanna decreased their price objective on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday. Needham & Company LLC boosted their target price on Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer lifted their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Eighteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment has an average rating of “Buy” and an average price target of $309.65.

Flutter Entertainment Stock Performance

Shares of FLUT stock traded up $0.23 during trading hours on Wednesday, hitting $266.38. 801,792 shares of the company’s stock were exchanged, compared to its average volume of 1,466,736. The stock’s 50-day moving average is $267.35 and its 200-day moving average is $250.56. 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.

Hedge Funds Weigh In On Flutter Entertainment

Large investors have recently modified their holdings of the stock. Jennison Associates LLC acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $239,306,000. Vestcor Inc bought a new stake in Flutter Entertainment in the 3rd quarter valued at about $815,000. Benson Investment Management Company Inc. acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $5,116,000. Sanctuary Advisors LLC bought a new position in shares of Flutter Entertainment during the third quarter worth approximately $802,000. Finally, Mediolanum International Funds Ltd increased its holdings in shares of Flutter Entertainment by 157.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 45,304 shares of the company’s stock worth $11,677,000 after purchasing an additional 27,701 shares during the period.

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.