Flutter (FLUT) Rated Outperform on Betting Market Expansion

Flutter Entertainment plc (NYSE:FLUT) ranks among the best rebound stocks to buy right now. On March 13, Citizens maintained its Market Outperform rating and $195 price target for Flutter Entertainment plc (NYSE:FLUT). According to the firm, the company is looking to expand its prediction market platform, with an emphasis on high-quality products.

The company’s marketing spend could exceed $300 million by 2026 and will gradually accelerate in the latter half of the second quarter, meaning that the company plans to offer World Cup markets. This boost will keep up through the second half of 2026.

Meanwhile, on March 2, Bernstein SocGen Group reduced its price target for Flutter Entertainment plc (NYSE:FLUT) from $170 to $125 while retaining a Market Perform rating on the company’s shares. Analyst Ian Moore highlighted increasing competition for the company’s FanDuel brand in three main US online sports betting categories.

Flutter Entertainment plc (NYSE:FLUT) is an online sports betting and gaming company that operates internationally. Its iGaming portfolio includes blackjack, roulette, slot machines, poker, and rummy. It also offers sports-betting brands such as Betfair, Paddy Power, Sky Betting, Sportsbet, and FanDuel.

While we acknowledge the risk and potential of FLUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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