Investing.com – Citizens analyst Jordan Bender has reiterated a Market Outperform rating on Flutter Entertainment (NYSE:FLUT) with a price target of $340.00. The gaming giant, currently valued at $43.4 billion, has received strong backing from analysts, with a consensus recommendation of 1.42 (Strong Buy). According to InvestingPro data, the company’s Fair Value analysis suggests the stock is currently fairly valued.
The firm reported that Flutter’s CEO appeared confident about the company’s long-term trajectory despite recent market concerns about betting outcomes. The CEO expressed willingness to expand betting offerings, particularly through the Your Way feature, to increase diversification and improve expected outcome means. This confidence is supported by Flutter’s impressive revenue growth of 15.6% over the last twelve months, with total revenue reaching $14.9 billion.
