JMP Securities raised the firm’s price target on Flutter Entertainment (FLUT) to $311 from $299 and keeps an Outperform rating on the shares. During the current NFL season, bettors experienced one of the most favorable winning percentages for outright favorites in history, nearly historically bad for sportsbooks, the analyst tells investors in a research note. Flutter remains the firm’s top way to own the gaming space, as it has positioned itself as a bellwether across nearly all major global markets, JMP says. The firm sees a path to achieve its medium-term target of more than $5B of EBITDA by 2027.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment Accelerates $5 Billion Share Buyback Program
- Bet On It: FanDuel Sports Network parent rebrands after emerging from bankruptcy
- Flutter Entertainment Continues Strategic Share Buyback
- Diamond Sports Group emerges from Chapter 11 as Main Street Sports Group
- Flutter Entertainment Updates Shareholders on Voting Rights