Flutter Entertainment saw its IBD SmartSelect Composite Rating rise to 97 Thursday, up from 77 the day before.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Flutter Entertainment is not currently near a proper entry. Look for the stock to form and break out of a new base.
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One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q3, the company reported 0% EPS growth. Top line growth rose 27%, up from 20% in the prior report. The company has now posted accelerating growth in each of the last two quarters.
Flutter Entertainment holds the No. 1 rank among its peers in the Leisure-Gaming/Equipment industry group. Rush Street Interactive and Boyd Gaming are also among the group's highest-rated stocks.
