Flutter Entertainment Shares Soar 0.53% On FanDuel Acquisition

Flutter Entertainment (FLUT) shares rose to their highest level since February 2025 today, with an intraday gain of 0.53%.

The impact of Flutter Entertainment (FLUT) stock price reaching a new high on future price movements is likely to be positive, based on several factors:

Technical Momentum: Given that FLUT has already achieved a new high, it is likely to experience continued upward momentum in the short to medium term. Historical price patterns following new highs often exhibit a continuation of the bullish trend.

Market Sentiment: The recent news surrounding FLUT, such as the secure ownership of FanDuel and the extension of strategic partnerships, indicate strong investor confidence. This sentiment is likely to translate into continued positive pressure on the stock price.

Analyst Ratings and Price Targets: Both Jefferies and UBS have recently reiterated their Buy ratings on FLUT, with price targets of $380 and $340, respectively. Analyst support can boost investor confidence and potentially drive the stock price higher.

Short-Term Events: The company's second-quarter results, expected to exceed analyst expectations, could act as a catalyst for further price appreciation. Additionally, the potential impact of tax measures on the sports betting industry may not as significantly affect Flutter as Cramer suggests, providing an added layer of confidence in the stock's stability.

Strategic Acquisitions: The acquisition of SNAI in Italy is expected to enhance Flutter's scale and realize operational and financial benefits quickly. Additionally, strong performances in SEA and I... further bolster the bullish outlook.

In conclusion, the combination of technical momentum, positive market sentiment, analyst support, strong financials, and upcoming catalysts strongly suggests that FLUT could experience continued upward movement over the next 1 week, 1 month, and 3 months following the achievement of a new high.

Flutter Entertainment has completed the acquisition of FanDuel, a significant move that could bolster its market presence in the US. This strategic acquisition is expected to enhance Flutter's competitive edge and drive growth in the North American market.

Analysts have shown optimism towards Flutter Entertainment, with multiple firms raising their price targets for the company. Citizens JMP and BTIG have set new targets at around $323 and $302, respectively, reflecting a bullish outlook on Flutter's future performance. The company has also been given an "Outperform" rating, indicating strong anticipated performance.

Flutter Entertainment is implementing a $225 million share buyback program as part of a broader $5 billion initiative. This move is often seen as a sign of confidence in the company's financial health and can lead to an increase in stock value by reducing the number of shares outstanding.