Oppenheimer raised the firm’s price target on Flutter Entertainment to $350 from $310 and keeps an Outperform rating on the shares. The firm notes Flutter sentiment skews positive into Q2 earnings on record June U.S. holds, accelerating iGaming trends, and FX benefiting ex-U.S. Oppenheimer sees moderating U.S. Handle losing steam on starting to comp more normalizing promotional environment. The firm believes Flutter (FLUT)/DraftKings (DKNG) are preparing to become more proactive around “Prediction Markets” where both could offer a product in non-legal states by Football.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment Advances Share Buyback Strategy with Recent Acquisitions
- Flutter Entertainment price target raised to $350 from $293 at Barclays
- Flutter Entertainment Advances Share Buyback Program
- Flutter Entertainment price target raised to $353 from $315 at Stifel
- Flutter Entertainment price target raised to $340 from $280 at Truist