Flutter Entertainment (NYSE:FLUT) Price Target Increased to $300.00 by Analysts at Oppenheimer

Flutter Entertainment (NYSE:FLUT) had its price objective boosted by Oppenheimer from $255.00 to $300.00 in a report published on Thursday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. JMP Securities restated a market outperform rating and issued a $255.00 target price on shares of Flutter Entertainment in a report on Wednesday, September 18th. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $218.00 to $224.00 and gave the company an equal weight rating in a research report on Wednesday, August 14th. Susquehanna raised their target price on shares of Flutter Entertainment from $222.00 to $230.00 and gave the company a positive rating in a research report on Wednesday, August 14th. BTIG Research lifted their price objective on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Finally, Needham & Company LLC assumed coverage on shares of Flutter Entertainment in a research report on Monday, September 23rd. They set a buy rating and a $270.00 target price on the stock. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment has an average rating of Buy and a consensus target price of $260.45.

Flutter Entertainment Trading Down 2.3 %

FLUT opened at $238.33 on Thursday. The company has a 50 day simple moving average of $209.39 and a two-hundred day simple moving average of $200.98. Flutter Entertainment has a 1-year low of $148.00 and a 1-year high of $252.84.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. On average, equities research analysts expect that Flutter Entertainment will post 4.75 EPS for the current year.

Flutter Entertainment announced that its board has initiated a share buyback program on Wednesday, September 25th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Flutter Entertainment

A number of large investors have recently modified their holdings of FLUT. Hollencrest Capital Management purchased a new stake in shares of Flutter Entertainment during the first quarter worth $28,000. Rothschild Investment LLC purchased a new stake in shares of Flutter Entertainment during the second quarter worth $37,000. CWM LLC purchased a new stake in shares of Flutter Entertainment during the second quarter worth $40,000. YHB Investment Advisors Inc. purchased a new stake in shares of Flutter Entertainment during the first quarter worth $45,000. Finally, Hilltop National Bank purchased a new stake in shares of Flutter Entertainment during the second quarter worth $101,000.

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.