BofA notes the raft of data published around the Super Bowl looks strong, which underpins the firm’s view that the U.S. online sports betting is far more mature, and parlay betting can drive significantly better hold rate. Both are tenets of BofA’s bullish view on Flutter’s FanDuel. The firm reiterates a Buy rating and a price target of $310 on Flutter, which is one of its “25 stocks for 2025” and part of its Europe 1 list of top ideas.
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
- New Jersey reports $168.7M in total wagers on Super Bowl LIX, up 19%
- Nevada says $151.6M wagered in state’s sports books on Super Bowl
- Flutter Entertainment Advances Share Buyback Program
- FanDuel says Super Bowl bets up 19% year-over-year to 16.6M, Bloomberg reports