Benchmark Reiterates Buy Rating on Flutter Entertainment (FLUT) Following Strong NFL Week 3 Results

Benchmark analyst Mike Hickey reiterated a Buy rating and $365.00 price target on Flutter Entertainment (NYSE: FLUT).

The analyst commented, "FanDuel generated strong results in New York during Week 3 of the NFL season with handle up 10% YoY, its best weekly growth of the season, and GGR up 24% YoY, driven by a 12% hold versus 11% last year. This compared to overall state performance of +15.8% handle growth, +30.7% GGR growth, and a 10.2% hold versus 9.1% prior year. FanDuel’s Week 3 share in New York was 35% of handle and 42% of GGR."

For an analyst ratings summary and ratings history on Flutter Entertainment click here. For more ratings news on Flutter Entertainment click here.

Shares of Flutter Entertainment closed at $283.26 yesterday.

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