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Betting on Flutter: Why Barclays Likes This Stock

Dublin, IrelandMonday, October 7, 2024
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Barclays has given a thumbs-up to Flutter Entertainment PLC, setting its sights high at $275 per share. The stock closed last Friday at p17,920. Brandt Montour, the analyst behind this call, is no stranger to success. With an average return of 11.1% and a hit rate of 56.28%, he knows what he’s talking about when it comes to the Consumer Cyclical sector. Flutter isn't just a one-hit wonder either; other big names like J.P. Morgan have also given it a strong buy rating, aiming for a price target of £215.00. So, what’s the deal with Flutter? This global company offers sports betting and gaming services in more countries than you can count on one hand. Its online platform, PBB Online, is a big player, providing apps and business-to-business services in over 100 countries. In Australia, it's known as Sportsbet, where folks love to bet on national sporting events. The U.S. market isn’t left out either; Flutter has its hands in betting apps, retail betting, and daily fantasy sports. But the real action happens in the UK and Ireland, where you can find its betting shops. If you're wondering how well it's doing, consider this: PBB Online brings in the most revenue. Over the past year, Flutter's stock has seen highs of p18,845.00 and lows of p12,020.00. On average, about 529,000 shares trade hands daily. Curious to know more? TipRanks has the scoop on insiders who are experts at timing their transactions. Upgrade to TipRanks Premium, and you'll get access to this exclusive data to guide your investment decisions. Start your journey today!
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