Is Flutter Entertainment plc (FLUT) the Lagrest Gambling Stock of 2024? [Yahoo! Finance]
Flutter Entertainment plc (FLUT)
Company Research
Source: Yahoo! Finance
According to The Business Research Company, the global gambling market is expected to grow from $540.3 billion in 2023 to $744.8 billion in 2028, at a compound annual growth rate (CAGR) of 6.6%. Some major catalysts influencing the gambling industry include the legalization of gambling, rapid urbanization, increasing use of social media, and increasing involvement in sports betting applications. Factors that can hurt the growth are growing taxation on casinos and strict government oversight of the gambling industry. READ ALSO: 8 Best Communication Stocks To Buy According to Analysts and 8 Best Augmented Reality Stocks Under $5 to Buy The gambling industry is evolving with more and more companies advancing in the sports betting arena. By the end of 2023, the gambling and casino industry had started showing signs of growth as strong gambling activity was experienced in Macau. According to the Statistics and Census Service, the tourist count crossed 28 million in Macau in 2023, incr
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- Flutter Entertainment plc (NYSE: FLUT) had its price target raised by analysts at Needham & Company LLC from $270.00 to $300.00. They now have a "buy" rating on the stock.MarketBeat
- Flutter Entertainment plc (NYSE: FLUT) had its price target raised by analysts at JMP Securities from $287.00 to $299.00. They now have a "market outperform" rating on the stock.MarketBeat
- Flutter Entertainment plc (NYSE: FLUT) had its price target raised by analysts at Benchmark Co. from $265.00 to $275.00. They now have a "buy" rating on the stock.MarketBeat
- Flutter Entertainment plc (NYSE: FLUT) had its price target raised by analysts at Wells Fargo & Company from $295.00 to $300.00. They now have an "overweight" rating on the stock.MarketBeat
- Flutter Entertainment plc (NYSE: FLUT) had its price target raised by analysts at Craig Hallum from $275.00 to $350.00. They now have a "buy" rating on the stock.MarketBeat