Macquarie initiated coverage of Flutter Entertainment (FLUT) with an Outperform rating and $340 price target Flutter is a rare large-cap stock in the gaming, lodging, and leisure sector that meets software’s “Rule of 40,” but the stock “does not trade like one,” the analyst tells investors in a research note. The firm sees a “clear line of path” annual 12% revenue growth and 21% EBITDA growth through 2030, fueled by an “unrivaled” serviceable addressable market and market share gains.
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