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Flutter Entertainment PLC, a $52.7 billion market cap gaming giant, has reached a significant milestone, with its stock price achieving an all-time high of 299.99 USD. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, suggesting careful consideration at current levels. This marks a notable achievement for the company, reflecting strong investor confidence and robust market performance. Over the past year, Flutter Entertainment’s stock has seen a remarkable 49.41% increase, supported by impressive revenue growth of 16.7% and projected 29% growth for the current fiscal year. This surge in stock price highlights the market’s favorable response to Flutter’s ongoing efforts to expand its footprint in the global entertainment and gaming sectors. InvestingPro subscribers can access 13 additional key insights about Flutter’s valuation and growth prospects.
In other recent news, Flutter Entertainment has been active with several significant developments. The company announced it secured a $1.75 billion bridge loan to address its financing needs, which will be used for transactions, fees, and general corporate purposes. Analysts have shown confidence in Flutter Entertainment, with BofA Securities raising its price target to $330, citing the full acquisition of FanDuel and better-than-expected U.S. data as supporting factors. JMP Securities also increased its price target to $323, highlighting Flutter’s market leadership and strong balance sheet. Meanwhile, BTIG adjusted its price target to $302, revising its revenue and EBITDA projections for 2025 and 2026 based on updated data.
The complete acquisition of FanDuel has been a focal point, with JMP noting it could eliminate overhang concerns and increase Flutter’s leverage temporarily. Despite potential leverage issues, the move is expected to save Flutter $65 million and add $20 million to net income. Additionally, BofA’s inclusion of Flutter on its "25 for 2025" list underscores the company’s potential in the coming years. These recent activities and analyst updates reflect Flutter Entertainment’s strategic positioning and ongoing growth in the gaming sector.
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