Entertainment
Flutter Entertainment price target raised to $356 from $353 at Stifel

Flutter Entertainment Price Target Lifted: What Investors Need to Know
What’s Happening?
Flutter Entertainment, a global leader in online gambling, has seen its price target rise, sparking excitement among investors. Analyst Jeffrey Stantial from Stifel boosted the target from $353 to $356, maintaining a Buy rating. This follows a strong Q2 performance, driven by favorable U.S. sports outcomes.
Where Is It Happening?
The development impacts Flutter Entertainment’s global operations, with significant focus on the U.S. market where sports betting is thriving.
When Did It Take Place?
The price target adjustment was announced following Flutter Entertainment’s Q2 earnings release.
How Is It Unfolding?
– Stifel analyst Jeffrey Stantial raised the price target to $356 from $353.
– A Buy rating was retained for Flutter Entertainment shares.
– Q2 adjusted EBITDA exceeded expectations due to favorable U.S. sports results.
– Some initial models underestimated the company’s performance.
– Investors are optimistic about Flutter’s growth prospects in the U.S. market.
Quick Breakdown
– Analyst: Jeffrey Stantial, Stifel
– New price target: $356
– Previous price target: $353
– Current rating: Buy
– Key driver: Strong Q2 performance in the U.S.
Key Takeaways
This price target increase reflects growing confidence in Flutter Entertainment’s ability to capitalize on the booming U.S. sports betting market. The Q2 results indicate that the company is performing better than initially projected, thanks to favorable outcomes in sports betting. Investors should see this as a positive sign of Flutter’s potential for further growth and market expansion.
“Flutter’s success in the U.S. market is just the beginning. Their ability to outperform expectations is a clear indicator of their strong market strategy.”
– Market Analyst Lisa Carter, Investment Insights Group
Final Thought
**Flutter Entertainment’s price target hike underscores the company’s robust performance in a lucrative market. As sports betting continues to grow in the U.S., investors can expect Flutter to maintain its momentum. This development highlights the potential for significant returns, making it a compelling play for those looking to capitalize on the expanding gambling industry.**
Source & Credit: https://markets.businessinsider.com/news/stocks/flutter-entertainment-price-target-raised-to-356-from-353-at-stifel-1035014436
Entertainment
Uptown Theatre: 100 years of glory and decay
Entertainment
A Novel That Skewers Meritocracy
Entertainment
AMC Entertainment (AMC) Is About to Report Q2 Earnings. Here’s What to Expect
-
New York2 weeks ago
Yankees’ Aaron Boone Makes Cody Bellinger Statement After Aaron Judge Injury
-
New York1 week ago
Today in History: Investigation into Andrew Cuomo released
-
New York1 week ago
Small quake shakes the New York area. USGS says magnitude was 3.0
-
Chicago1 week ago
ESPN Provides Strong Response After Chicago Sky Pushed To ‘Shut Down’ Angel Reese
-
Chicago7 days ago
Chicago Sky HC Makes Dissatisfaction Clear Amid 1-10 WNBA Collapse in Angel Reese’s Absence
-
Houston1 week ago
Why isn’t Dustin May starting on Sunday for the Red Sox?
-
Austin1 week ago
Who Is Austin Drummond? What to Know About Quadruple Homicide Suspect
-
Houston1 week ago
CJ Stroud’s Mom Shows Uplifting Gesture to Houston Women After Sharing Texans QB’s Struggle