Flutter Entertainment PLC 10.6% potential upside indicated by Berenberg Bank

Flutter Entertainment PLC with ticker (LON:FLTR) now has a potential upside of 10.6% according to Berenberg Bank.



Berenberg Bank set a target price of 16,000 GBX for the company, which when compared to the Flutter Entertainment PLC share price of 14,465 GBX at opening today (30/03/2023) indicates a potential upside of 10.6%. Trading has ranged between 7,340 (52 week low) and 14,630 (52 week high) with an average of 522,783 shares exchanging hands daily. The market capitalisation at the time of writing is £25,682,742,900.

Flutter Entertainment plc is an Ireland-based global sports-betting and gaming company. The Company operates through four divisions: UK & Ireland, Australia, International, and US. The UK & Ireland division includes Sky Betting and Gaming, Paddy Power, Betfair and Tombola brands offering a range of sportsbook, exchange and gaming services across the United Kingdom and Ireland, along with over 600 Paddy Power betting shops. The Australia division includes Sportsbet brand that offers online sport betting. The International division includes PokerStars, Adjarabet, Betfair and Junglee, operating in multiple jurisdictions around the world, offering a range of sportsbook, exchange, and gaming services. The US division includes FanDuel, TVG, Stardust, FOX Bet and PokerStars brands, offering regulated real money and free-to-play sports betting, online gaming, daily fantasy sports and online racing wagering products to customers across various states in the United States.