Analysts Back 2 Top-Rated Stocks

Every day, tens of thousands of traders trade thousands of stocks, making many millions of trades and generating a huge flood of raw data. This data contains everything the average investor needs to know about any stock on the market – but the problem is finding it. The sheer volume of stock market information is in itself an obstacle to successful investing.

This is the problem that TipRanks Smart Score was designed to solve. Smart Score is a sophisticated data analysis algorithm, using AI and natural language processing to analyze the market data stream and extract valuable nuggets. The algorithms analyze each stock and compare it to a set of known factors to predict future outperformance. Each stock is then assigned a score, a simple rating on a scale of 1 to 10, to show investors how a given stock performs. the stock is likely to perform well in the near future. A “Perfect 10” indicates stocks that are poised to generate gains.

From a practical standpoint, we can tap into the Smart Score tool to find stocks that have that Perfect 10 score – and that have recently received strong grades from Street analysts. Here’s a look at two of them.

Flutter Entertainment (FLOOD)

We’ll start with one of the world’s largest online gaming and sports betting operators, Flutter Entertainment. This company reported a global total of 12.3 million average monthly players last year, across all its betting and gaming brands. Flutter operates as a parent company and its 15 brands include big names in the industry, such as Paddy Power, PokerStars and Betfair.

The company’s high number of players last year translated into significant revenue. The company’s total revenue in 2023 was $11.8 billion, and Flutter was able to invest $100 million in safe gaming initiatives during the year. The revenue stream came from Flutter’s four geographic divisions – US, UKI, Australia and International – with the English-language divisions accounting for 76% of the total global footprint. The company’s US division generated 38% of total 2023 revenue. As of 4Q23, Flutter claimed to have a market share of 53% in the sports betting segment and 26% in the iGaming segment.

In its most recent quarterly report, covering 1Q24, Flutter reported quarterly revenue of $3.4 billion, up more than 16% year-over-year but slightly below forecast, missing $160 million. Flutter’s cash position improved year over year and the company reported a strong increase in adjusted free cash flow, which came out of negative and increased by $207 million to $157 million. of dollars.

The story continues

This stock’s strong position in its sector leads Oppenheimer analyst Jed Kelly to begin his coverage of the stock with an optimistic outlook, highlighting the company’s growth potential in the United States.

“We expect Flutter’s FanDuel (FD) brand to maintain its leading market share in the United States through FLUT’s global OSB/iGaming platforms providing…