Flutter Entertainment stock shows promising growth potential, with analysts predicting it could reach $600 within four years. Currently trading at $277.47, the stock received an "outperform" rating and $340 price target from Macquarie analyst Chad Beynon.

Key Growth Drivers:

• Meets software's "Rule of 40" standard (combined revenue growth and profit margin of 40%)
• Projected 12% revenue CAGR and 21% EBITDA CAGR from 2024-2030
• Serviceable addressable market expected to reach $210bn by 2030
• Strong competitive advantages through FanDuel brand

Competitive Advantages:

• Wide moat characteristics including unique IP and high switching costs
• Leading position in US online sports betting alongside DraftKings
• Strong brand loyalty and customer retention
• Technical leadership in profitable same-game parlays
• Dominant market share in Australia and Europe

Strategic Growth Through Acquisitions:

• 23% CAGR since 2019 (vs S&P 500's 16%)
• Nine acquisitions since 2019 adding approximately $200 per share in value
• Strong market positions in US, UK/Ireland, Australia
• Pending expansion in Italy and Brazil
• Proven track record of successful M&A integration

The company's diverse portfolio extends beyond FanDuel, with successful operations across multiple international markets. Flutter's combination of technological leadership, strategic acquisitions, and strong market positioning supports analysts' bullish outlook on the stock's future growth potential.

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