Brokers bullish on Flutter Entertainment shares

The Flutter Entertainment (LON:FLTR) share price has risen by 10.5% over the past month and it’s currently trading at 10670. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Flutter Entertainment currently has:

• 2 Buy recommendations

• 7 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Researching beyond analyst forecasts

At its current price of 10670, shares in Flutter Entertainment are trading at a discount of -6.41% to its 52 week high price. The 1-year performance of the shares has been 85.8%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Flutter Entertainment it's worth doing some investigation yourself.

There are all sorts of factors that could affect Flutter Entertainment's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Flutter Entertainment – you might discover some surprising things you didn’t know.