Taking note of the trading recommendations of professional analysts and brokers can be a way to find stocks with the potential to perform well. These city experts are paid to know the companies they cover better than anyone. So their perspective on what to buy and what to sell can be a useful point of reference.
To take Flutter Entertainment (LON: FLTR) for example. The company’s shares rose 3.54% in the past month and are currently trading at 14,470p. But what are the trading recommendations of the analysts who cover it?
Based on the “consensus” of brokers, there could be reason to believe that the recent positive trend will continue. In terms of business recommendations, Flutter Entertainment currently has:
- 3 To buy recommendations
- 3 Socket recommendations
- 1 To sell recommendations
This suggests that analysts generally optimistic on the outlook.
At its current price of 14,470 pence, shares of Flutter Entertainment are trading at a discount of -26.5% from its highest price over 52 weeks. The 1-year performance of the share was 16.8%.
While analysts’ forecasts can be a useful guide to finding out what the city’s “experts” think about a stock’s near-term future, it can be unreliable. To get a better idea of Flutter Entertainment’s strengths and weaknesses, it’s worth investigating yourself. Indeed, we have identified some areas of concern regarding Flutter Entertainment that you can find out here.
Alternatively, if you want to find more stocks that analysts are bullish on, you can find them on this Positive Momentum & Broker Buys screen.