We recently published a list of Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential. In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against other Billionaire Chase Coleman’s stocks with huge upside potential.
Equity markets achieved an unprecedented winning streak over the past two years at the back of an artificial intelligence-driven run. Major US indices were on a roll, soaring to record highs as investors tailored their investments to opportunities around the revolutionary technology. Chase Coleman is one hedge fund manager who benefited from the impressive run by investing his hedge fund’s money in some of the top-performing AI stocks.
Founded by Coleman in 2001, Tiger Global Management LLC was one of the best-performing hedge funds after gaining 24% in 2024. The impressive return came on the billionaire investor betting on some of the biggest companies with significant exposure to artificial intelligence.
Fast forward, Coleman is one of the most significant casualties of the broader stock market correction. With the S&P 500 pulling back by about 6% and tech-heavy Nasdaq down by about 8%, the billionaire investor has felt the full brunt of the artificial intelligence-driven run cooling off. A good number of Tiger Global Management stock holdings have shed more than 10% in market value as the overall stock market correction gathers steam.
READ ALSO: Billionaire Seth Klarman’s 10 Stock Picks with Huge Upside Potential and Billionaire Andreas Halvorsen’s 10 Stock Picks With Huge Upside Potential.
While up to 20% pullbacks might rattle most investors, billionaire Investor Coleman’s strategy focuses on long-term investing. Consequently, he is never perturbed by short-term market corrections. Coleman continues to maintain significant holdings in tech giants on expectations the segment will continue growing amid the artificial intelligence boom.
“Think about it in terms of companies investing in these technologies, and how well they use it,” he said, giving the example of Amazon using ChatGPT to facilitate shopping. “It’s going to be gradual. Be patient.”
Our Methodology
We combed Tiger Group Management LLC SEC Q4 2024 13F filings to identify Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential. We focused on stocks that have pulled back significantly and therefore command significant upside potential. We then analyzed the stocks on why they stand out, as solid value investments. Finally, we ranked the stocks in ascending order based on their upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Chase Coleman of Tiger Global
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.
Overall, FLUT ranks 8th on our list of Billionaire Chase Coleman’s stocks with huge upside potential. While we acknowledge the potential of FLUT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
