Oppenheimer Increases Flutter Entertainment (NYSE:FLUT) Price Target to $255.00

Flutter Entertainment (NYSE:FLUT) had its target price increased by investment analysts at Oppenheimer from $240.00 to $255.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 33.24% from the company’s previous close.

FLUT has been the topic of several other reports. JMP Securities reaffirmed a “market outperform” rating and set a $246.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, May 15th. Susquehanna cut their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a research report on Thursday, May 30th. BTIG Research lifted their price objective on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and set a $255.00 price objective on shares of Flutter Entertainment in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on Flutter Entertainment from $212.00 to $218.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,212.50.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT opened at $191.39 on Wednesday. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $226.40. The stock’s 50-day moving average is $191.69 and its 200 day moving average is $188.34.

Institutional Trading of Flutter Entertainment

Hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in shares of Flutter Entertainment in the 1st quarter worth approximately $28,000. Rothschild Investment LLC purchased a new position in Flutter Entertainment in the 2nd quarter worth approximately $37,000. CWM LLC purchased a new position in Flutter Entertainment in the 2nd quarter worth approximately $40,000. YHB Investment Advisors Inc. purchased a new position in Flutter Entertainment in the 1st quarter worth approximately $45,000. Finally, Global Retirement Partners LLC purchased a new position in Flutter Entertainment in the 1st quarter worth approximately $45,000.

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.