On September 3, Flutter Entertainment PLC rose 5.59% in regular trading, trading at $102.66/share, with Turnover of $119 million. The rally was primarily driven by Wolfe Research initiating coverage on the company with an Outperform rating and a $150 price target, implying significant upside from current levels.

According to market data, Flutter Entertainment PLC currently carries an average analyst rating of Overweight with a mean price target of $135.72. The $150 target set by Wolfe Research stands among the more bullish calls on the stock. Earlier, UBS had adjusted its price target to $160 while maintaining a Buy rating, and MoffettNathanson had set a $170 target, also with a Buy rating. Additionally, renowned investor Michael Burry previously disclosed a heavy position in Flutter Entertainment PLC, with an entry cost of approximately $107/share and a 60% portfolio allocation to the name, further bolstering market confidence.

Within the Casinos and Gaming sector, broad strength was evident. Among individual stocks, DraftKings Inc. up 5.27%, Rush Street Interactive up 3.96%, Las Vegas Sands up 2.65%, MGM Resorts International up 2.47%, Wynn up 1.88%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)