Flutter Entertainment, the proud owner of FanDuel, received a positive review from Barclays analyst James Rowland Clark for its dominance in market share and overall performance. Clark upgraded Flutter's shares to Overweight from Equal Weight and raised the target stock price to £200 ($254) from £153.

Company Overview

Flutter is recognized as a top-tier company with leading brands, significant market power in existing markets, strong management, and a prominent position among the best U.S. online gambling operators. The company has shown impressive growth since its debut on the New York Stock Exchange in January, while still maintaining its listing on the London Stock Exchange since its public offering in 2019.

The Competition

As an owner of FanDuel, Flutter competes with other major players like DraftKings in the competitive U.S. online sports gambling market. Other notable platforms include Penn Entertainment’s ESPN Bet, MGM Resorts International’s BetMGM, and Caesars Sportsbook. Not limited to the U.S., Flutter also boasts international brands such as Sky Betting & Gaming, Sportsbet, PokerStars, and Paddy Power.

Analyst Insights

Barclays analyst Clark emphasized the strength of both Flutter and DraftKings as top operators in U.S. online gambling, with Flutter positioned as a global gambling trend player while DraftKings remains a pure U.S. market play. The positive sentiment pushed Flutter's shares up 3% to $217.20, with DraftKings also seeing a 3.7% increase to $41.83 on Tuesday.

Overall, the outlook for Flutter Entertainment seems promising, highlighting its market share dominance and potential for sustained growth in the ever-expanding online gambling sector.

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