Wells Fargo raised the firm’s price target on Flutter Entertainment (FLUT) to $300 from $295 and keeps an Overweight rating on the shares. The firm notes Flutter’s Q3 EBITDA beat by about 20%, reflecting broad upside across all regions. Wells remains bullish on the name as Flutter offers a compelling 26% EBITDA CAGR plus a $5B capital return.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment price target raised to $301 from $275 at Barclays
- Flutter Entertainment’s Strong Q3 and Strategic Expansions
- Closing Bell Movers: Instacart down 6% after earnings
- Flutter Entertainment narrows FY24 U.S. revenue view to $6.05B-$6.25B
- Flutter Entertainment reports Q3 adjusted EPS 43c, consensus 10c