Flutter Entertainment price target raised to $323 from $312 at BTIG

BTIG raised the firm’s price target on Flutter Entertainment (FLUT) to $323 from $312 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results in iGaming. The firm is optimistic around iGaming market expansions and sees higher odds of several new states launching over the next several years, though visibility at this stage is still very low and expert opinions vary around which states are higher/lower probability, the analyst tells investors in a research note. Contributions from new iGaming states aren’t in sell or buy-side expectations at this stage, and BTIG believes there should be a meaningful impact to estimates for the company.