Jim Cramer Put These 16 Stocks Under a Microscope

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2. Flutter Entertainment plc (NYSE:FLUT)

Number of Hedge Fund Holders: 98

A caller asked what Cramer thought of Flutter Entertainment plc (NYSE:FLUT) and he said:

“I like Flutter…. I like Flutter. This group is sold off. I think it’s sold off too great and I think Flutter is a terrific company. Actually, I think it’s a really, really good company, but I like it… I’m sticking by that.”

Flutter (NYSE:FLUT) is a sports betting and gaming company offering a variety of products, including sportsbooks, iGaming, lottery services, and sports betting through multiple online platforms and brands. It also provides business-to-business pricing and risk management services. On March 6, UBS increased its price target for FLUT to $340 from $335 while maintaining a Buy rating on the stock.

The firm expects strong performance in iGaming revenues, net win margin, and gross margin, with potential gross margin growth driven by the reversal of unfavorable sports outcomes, operational leverage, and improved payment processing efficiencies, factors not yet “baked in” Flutter’s (NYSE:FLUT) current guidance, according to the analyst’s report.

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