Flutter Bets Big On US And Global Expansion: $21B Revenue Goal And $5B Buyback In Sight
Portfolio Pulse from Lekha Gupta
Flutter Entertainment plc (NYSE:FLUT) has announced ambitious growth targets, aiming for $21 billion in revenue by 2027, with a CAGR of 14%. The company also plans a $5 billion share buyback program. Flutter is focusing on U.S. and global expansion, with significant growth expected in the regulated gaming market.
September 25, 2024 | 3:28 pm
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POSITIVE IMPACT
Investors can gain exposure to Flutter Entertainment's growth through the VanEck Gaming ETF (NASDAQ:BJK), which includes Flutter in its portfolio. The ETF may benefit from Flutter's positive performance and growth prospects.
As Flutter Entertainment's stock rises due to its growth plans, the VanEck Gaming ETF, which includes Flutter, may also see a positive impact. Investors looking for exposure to the gaming sector could benefit from this ETF's inclusion of Flutter.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Flutter Entertainment's shares rose 7.6% following the announcement of a $21 billion revenue target by 2027 and a $5 billion share buyback program. The company is focusing on U.S. and global expansion, with significant growth expected in the regulated gaming market.
The announcement of ambitious revenue targets and a substantial share buyback program is likely to boost investor confidence, leading to a positive short-term impact on Flutter's stock price. The focus on U.S. and global expansion aligns with market growth trends, further supporting the stock's upward movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100