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Flutter Entertainment's Bright Future: A Closer Look at Their US Market Strategy

Monday, December 2, 2024

Analyst James Wheatcroft from Jefferies has stayed optimistic about FLTR stock, giving it a Buy rating on November 26. The reason? Flutter Entertainment's strong grip on the US online gambling market. Recent data shows that sports betting margins have improved, which is great news for companies like Flutter. Plus, BetMGM, a top player in online sports betting, has been doing well. This all points to a positive trend for Flutter. October was a record month for iGaming, showing just how much demand there is and how much money can be made. Putting all these factors together, it looks like Flutter Entertainment has a bright future ahead. Wheatcroft believes the company can make the most of these market opportunities, which is why he's recommending the stock. On the same day, UBS also kept a Buy rating on FLTR with a price target of $320. 00. It's like having two experts agreeing that FLTR is a good investment. Flutter Entertainment PLC is a big player in sports betting, gaming, and entertainment globally. Their PBB Online segment offers betting apps in over 100 countries and business-to-business services. They've got Sportsbet in Australia for national sporting events, and in the US, they offer betting apps, retail-only betting, and daily fantasy sports. In the UK and Ireland, they have betting shops and an app. PBB Online brings in the most revenue.

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