US LNG exports surge but will buyers in China turn up?
Flutter Entertainment PLC shares have reached an all-time high, touching a price level of $290.53, signaling robust investor confidence in the company's growth prospects. The $51.5 billion market cap company has demonstrated impressive revenue growth of ~20% over the last twelve months, with InvestingPro analysis indicating the stock is currently fairly valued. This milestone reflects a significant uptrend in the stock's performance, with Flutter Entertainment PLC witnessing an impressive 1-year change of 31.69%. The surge to an all-time high underscores the company's strong market position, supported by analyst targets ranging from $250 to $367 and an overall "GOOD" financial health rating from InvestingPro. The positive sentiment among investors towards Flutter's strategic initiatives and potential for future expansion is reflected in 13 additional ProTips available with an InvestingPro subscription, offering deeper insights into the company's prospects.
In other recent news, Flutter Entertainment's FanDuel platform has been performing strongly, according to BofA Securities, which has reiterated a buy rating for the company with a price target of $310.00. This follows robust data surrounding the Super Bowl betting activity, with FanDuel seeing a 19% increase in active bets year-over-year. UBS analysts have shown similar optimism, raising Flutter Entertainment's stock price target from $320.00 to $335.00, noting the company's successful US operations.
Meanwhile, FanDuel has reported significant customer engagement with its responsible gaming dashboard, My Spend, during the 2024-2025 NFL Season. The tool offers users detailed insights into their betting behavior, with nearly half of its user base utilizing the feature to monitor their activities. In addition, FanDuel plans to further advance its responsible gaming technology in 2025.
On the other hand, TD Cowen has adjusted its outlook on DraftKings (NASDAQ:DKNG), lowering its price target due to lower projected adjusted EBITDA for the fiscal year 2028. This comes as several states are considering increasing tax rates on online sports betting, impacting the margins of operators. Despite these challenges, DraftKings is believed to be well-equipped to weather the pressure due to its strong balance sheet and operational efficiencies.
Lastly, JMP Securities has highlighted the competitive advantage of leading companies like FanDuel and DraftKings in the U.S. gaming market. The firm noted the significant free cash flow these companies are on the verge of generating, which could provide the resources needed for international expansion through mergers and acquisitions.
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