Flutter Entertainment (NYSE:FLUT) Given New $230.00 Price Target at Susquehanna

Flutter Entertainment (NYSE:FLUT) had its target price boosted by investment analysts at Susquehanna from $222.00 to $230.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 8.82% from the stock’s current price.

Several other research analysts have also recently weighed in on FLUT. JMP Securities restated a “market outperform” rating and set a $246.00 target price on shares of Flutter Entertainment in a report on Wednesday, May 15th. Benchmark restated a “buy” rating and set a $255.00 target price on shares of Flutter Entertainment in a report on Thursday, July 25th. Moffett Nathanson started coverage on Flutter Entertainment in a report on Monday, May 6th. They set a “buy” rating and a $240.00 target price on the stock. Oppenheimer boosted their target price on Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BTIG Research boosted their target price on Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,211.88.

Flutter Entertainment Trading Up 10.4 %

FLUT stock traded up $19.96 during trading on Wednesday, hitting $211.35. The stock had a trading volume of 1,428,584 shares, compared to its average volume of 685,109. Flutter Entertainment has a twelve month low of $148.00 and a twelve month high of $226.40. The company’s 50-day moving average price is $191.69 and its two-hundred day moving average price is $188.34.

Institutional Trading of Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP purchased a new stake in shares of Flutter Entertainment during the first quarter worth $29,611,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Flutter Entertainment during the first quarter worth $7,319,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Flutter Entertainment during the first quarter worth $70,371,000. Financial Perspectives Inc purchased a new stake in shares of Flutter Entertainment during the first quarter worth $102,000. Finally, Arthur M. Cohen & Associates LLC purchased a new stake in shares of Flutter Entertainment during the first quarter worth $282,000.

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.