Billionaire Andreas Halvorsen’s 10 Stock Picks With Huge Upside Potential

8. Flutter Entertainment plc (NYSE:FLUT)

Upside Potential as of April 28: 35.64%

Viking Global’s Stake Value: $482,964,998

Number of Hedge Fund Holders: 98

Flutter Entertainment plc (NYSE:FLUT) is a sports betting and gaming company. It operates brands like FanDuel, Paddy Power, and Betfair. These brands offer products such as online sports betting, casino games, poker, and fantasy sports. Its services cater to recreational and professional gamblers, providing platforms for wagering on sports events, horse racing, and other games.

Flutter Entertainment plc (NYSE:FLUT) reported robust financial results in Q4 2024. Revenue grew by 14% year-over-year to $3.79 billion, driven by a 7% increase in average monthly players to 14.6 million. For the full year 2024, revenue increased by 19% to $14.05 billion. The firm also posted a remarkable turnaround in profitability, reporting a net income of $162 million compared to a loss of $1.21 billion in 2023.

Flutter Entertainment plc’s (NYSE:FLUT) US operations through FanDuel continue to be a significant growth driver. On April 23, 2025, the company revealed that FanDuel would participate in the 151st Kentucky Derby scheduled for May 3, 2025. FanDuel will offer “exclusive promotions, live coverage, and can’t-miss events” to elevate the Derby experience for racing fans. On April 21, 2025, Benchmark analysts maintained their positive outlook on Flutter Entertainment plc’s (NYSE:FLUT) shares. They reiterated a Buy rating and a $300 price target.