Needham & Company LLC Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

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

A number of other brokerages have also recently commented on FLUT. Oppenheimer lifted their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Macquarie started coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price objective for the company. Benchmark lifted 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. Wells Fargo & Company dropped their price objective on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus started coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective for the company. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $311.12.

Flutter Entertainment Stock Up 2.0 %

Shares of NYSE FLUT opened at $271.43 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $267.55 and its two-hundred day moving average is $250.70. Flutter Entertainment has a 52-week low of $174.03 and a 52-week high of $299.73.

Institutional Investors Weigh In On Flutter Entertainment

Several large investors have recently added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd purchased a new stake in Flutter Entertainment in the 4th quarter valued at about $25,000. Farther Finance Advisors LLC boosted its position in 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 buying an additional 82 shares during the period. Raleigh Capital Management Inc. purchased a new stake in Flutter Entertainment in the 4th quarter valued at about $26,000. BOCHK Asset Management Ltd purchased a new stake in Flutter Entertainment in the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc boosted its position in 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 buying an additional 83 shares during the period.

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.