Analysts See Potential for Flutter Despite Market Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
0mins
Should l Buy FLUT?
Source: Coinmarketcap
Flutter Entertainment's stock has risen by 5.00% and reached a 5-day high, reflecting a positive response to market conditions.
Despite facing significant competition from prediction market platforms like Kalshi, analysts predict substantial upside potential for Flutter's stock, with a target price suggesting over 100% upside. This optimism comes even as Flutter's stock has seen a decline of over 50% in 2026 and more than 60% from its 52-week high, primarily due to market pressures. The strong performance of FanDuel, Flutter's U.S. sportsbook, which holds a significant market share, contributes to this positive outlook.
The implications of this analysis suggest that while Flutter faces challenges, the potential for recovery and growth remains strong, particularly as analysts highlight the company's ability to leverage its market position.
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Analyst Views on FLUT
Wall Street analysts forecast FLUT stock price to rise
26 Analyst Rating
23 Buy
3 Hold
0 Sell
Strong Buy
Current: 110.080
Low
228.00
Averages
296.77
High
381.46
Current: 110.080
Low
228.00
Averages
296.77
High
381.46
About FLUT
Flutter Entertainment plc is an online sports betting and iGaming operator. Its segments include the United States (U.S.), United Kingdom and Ireland (UKI), Australia and International. The U.S. segment offers sports betting, casino, DFS and horse racing wagering products to players across various states in the United States, mainly online but with sports betting services also provided through retail outlets and certain online products in the province of Ontario in Canada. The UKI segment offers sports betting (sportsbook), iGaming products and other products through its Sky Betting & Gaming, Paddy Power, Betfair and tombola brands. Its Australia segment offers online sports betting products through its Sportsbet brand. The International segment includes its operations in 100 global markets and offers sports betting, casino, poker, rummy and lottery, mainly online. This segment includes Sisal, PokerStars, Snai, Betfair International, Adjarabet, MaxBet, Betnacional, and other brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Intel Price Target Increase: Bernstein also lifted Intel's price target from $36 to $60, resulting in a nearly 5% stock increase, reflecting growing market confidence in Intel's future growth potential, which may attract more investor interest.
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- Earnings Forecast Cuts: Analyst Monique Pollard has reduced her adjusted EBITDA forecasts for Flutter by 10% for Q1 and 37% for Q2, indicating uncertainty in the company's earnings momentum in the U.S. market, particularly regarding its investments in prediction markets.
- Buyback Forecast Adjustments: Pollard also lowered buyback forecasts for FY26 and FY27, cutting them from $600 million to $250 million and from $1.5 billion to $750 million, respectively, to ensure that leverage remains within management's medium-term guidance range of 2-2.5x.
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See More
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