Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential

8. Flutter Entertainment plc (NYSE:FLUT)

Tiger Global Management LLC’s Stake Value: $872.89 Million

Upside Potential as of April 30: 34.74%

Number of Hedge Fund Holders: 97

Flutter Entertainment plc (NYSE:FLUT) is a leading sports betting and gaming company that provides sportsbooks and iGaming products, such as blackjack, roulette, and slot machines. On April 22, BTIG analyst Clark Lampen lowered the firm’s price target on Flutter Entertainment (FLUT) to $289 from $323 while maintaining a Buy rating. BTIG noted that, despite a fluid macro and risk backdrop, the OUS B2C and US B2B segments remained the strongest setups in its coverage. March Madness-related revisions had been mostly absorbed, and the firm believed shares were poised for the next positive development.

Flutter Entertainment plc (NYSE:FLUT) is increasingly enhancing its operations through the Fan Duel Casino business. The rollout of the “Your Way” product is also expected to accelerate growth in the sportsbook segment. In addition, the company is pursuing growth opportunities focusing on Italy and Brazil. The gaming powerhouse has already completed the acquisition of Snaitech S.p.A part of its expansion and growth strategy.

The acquisition of Snaitech enhances Flutter Entertainment’s prospects in the Italian market, which already includes PokerStars, Betfair, and Tombola. A robust retail presence complements its internet activities. Snaitech has 2,000 retail locations throughout Italy. With a 19% market share, it is Italy’s second-largest retail betting operator. With a 14% share, Flutter Entertainment plc (NYSE:FLUT) is the nation’s second-largest retail gaming company.