We recently published
Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Flutter Entertainment plc (NYSE:FLUT) is one of the stocks discussed by Jim Cramer.
Flutter Entertainment plc (NYSE:FLUT) is a sports betting platform provider. Its shares are down by 60% over the past year and by 56% year-to-date. Moffett Nathanson discussed the firm on April 24th as it cut the rating to Neutral from Buy and the share price target to $127 from $170. While admitting that the downgrade came late, the financial firm remarked that the recent weakness in the stock meant that the shares looked attractive. Truist had cut Flutter Entertainment plc (NYSE:FLUT)’s share price target to $140 from $160 and kept a Buy rating on the shares. Truist’s coverage came as part of a broader adjustment of the gaming sector. It remarked that the sector was seeing strength in regional players while others were struggling. Flutter Entertainment plc (NYSE:FLUT)’s shares slid after its earnings, and Cramer discussed the movement:
“Look when I had Jason on, we’re talking about Jason Robins the CEO [of DraftKings]. . .this was the house doing well, talking about the prediction markets doing well, this was quite a break, say, from Flutter. That was something, wasn’t it?”
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While we acknowledge the potential of FLUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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‘ Some details of this article were extracted from the following source finance.yahoo.com ’
