BTIG analyst Clark Lampen maintains $Flutter Entertainment (FLUT.US)$ with a buy rating, and adjusts the target price from $249 to $305.
According to TipRanks data, the analyst has a success rate of 62.5% and a total average return of 30.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Flutter Entertainment (FLUT.US)$'s main analysts recently are as follows:
The expectation is that Flutter Entertainment will announce a third-quarter revenue surpassing forecasts, fueled by robust results in both the U.S. and international markets, and will confirm its existing financial projections. This anticipated announcement is seen as a favorable development against the backdrop of prevailing market skepticism concerning U.S. earnings in the early fourth quarter, which has prompted DraftKings to adjust its 2024 fiscal outlook.
Ahead of Flutter Entertainment's third-quarter results, the outlook remains optimistic. The situation appears similar to the context of a competitor's recent earnings report, where the attention has transitioned from immediate challenges to a favorable foundational outlook for the forthcoming one to two years, alongside considerations of valuation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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