Adrien Hilaire, an analyst from Bank of America Securities, reiterated the Buy rating on Flutter Entertainment PLC (FLTR – Research Report). The associated price target remains the same with $310.00.
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Adrien Hilaire has given his Buy rating due to a combination of factors including the long-term growth potential for Flutter Entertainment PLC in the US market and its strategic international capital allocation. Despite the potential near-term challenges, such as proposed tax increases in Ohio, the fundamental prospects of the company are perceived to remain strong.
Moreover, the anticipated legalization of iGaming in several US states represents a significant opportunity, potentially adding substantial EBITDA to the company’s performance. Even though some mixed data was observed in January, the overall market trajectory and Flutter’s ability to gain market share underpin Hilaire’s positive outlook.
In another report released yesterday, BTIG also maintained a Buy rating on the stock with a $323.00 price target.