Needham & Company LLC Increases Flutter Entertainment (NYSE:FLUT) Price Target to $310.00

Flutter Entertainment (NYSE:FLUT) had its target price lifted by Needham & Company LLC from $300.00 to $310.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 16.87% from the company’s previous close.

A number of other brokerages have also weighed in on FLUT. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They set a “buy” rating and a $320.00 target price on the stock. JMP Securities upped their target price on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. BTIG Research set a $323.00 target price on Flutter Entertainment in a research note on Monday, February 3rd. Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Truist Financial began coverage on shares of Flutter Entertainment in a report on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price on the stock. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $308.47.

Flutter Entertainment Trading Down 2.2 %

Shares of FLUT stock opened at $265.26 on Wednesday. The stock has a fifty day moving average of $267.35 and a 200 day moving average of $250.56. Flutter Entertainment has a 52 week low of $174.03 and a 52 week high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Parvus Asset Management Europe Ltd purchased a new position in Flutter Entertainment during the fourth quarter valued at approximately $2,146,227,000. Norges Bank bought a new position in Flutter Entertainment in the 4th quarter worth $946,681,000. Massachusetts Financial Services Co. MA bought a new position in Flutter Entertainment in the 3rd quarter worth $849,474,000. Bank of Montreal Can increased its stake in Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after buying an additional 3,019,376 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in Flutter Entertainment during the fourth quarter valued at about $621,680,000.

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.