Flutter Entertainment price target raised to $355 from $340 at Needham

Needham raised the firm’s price target on Flutter Entertainment (FLUT) to $355 from $340 and keeps a Buy rating on the shares. The company’s Q2 was strong, with the U.S. driving the global FY25 guidance raise driven by better sport outcomes, a renewal of the Boyd Gaming market access agreement, and updated Missouri launch timing, partly offset by higher state taxes, the analyst tells investors in a research note.