On Nov 14, major Wall Street analysts update their ratings for $Flutter Entertainment (FLUT.US)$, with price targets ranging from $275 to $350.
BofA Securities analyst Adrien Hilaire maintains with a buy rating, and maintains the target price at $300.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and maintains the target price at $300.
Oppenheimer analyst Jed Kelly maintains with a buy rating, and adjusts the target price from $300 to $305.
Craig-Hallum analyst Ryan Sigdahl maintains with a buy rating, and sets the target price at $350.
Benchmark Co. analyst Mike Hickey maintains with a buy rating, and adjusts the target price from $265 to $275.
Furthermore, according to the comprehensive report, the opinions of $Flutter Entertainment (FLUT.US)$'s main analysts recently are as follows:
Following Flutter Entertainment's third-quarter report, there is an increase in the projected EBITDA for the outer year, specifically a 3% rise for 2026, which is 11% higher than the general consensus. However, the outlook for 2024 and 2025 remains mostly unaltered. Even though Flutter has reiterated its revenue growth forecast of 20%-25% for FanDuel, this projection is deemed to be on the conservative side.
Flutter Entertainment's third quarter was characterized as strong across the board, demonstrating its continued dominance in the U.S. market, in addition to the advantages of having a diversified business model.
Flutter Entertainment's Q3 earnings surpassed expectations, with their U.S. performance being more robust than anticipated. Management credits this to their superior risk and trading capabilities. The company is capitalizing on this strength by introducing their new Your Way product.
Flutter Entertainment exhibited robust results for the third quarter, effectively balancing out less favorable outcomes in October's NFL events. The analyst also emphasized the company's reaffirmed outlook for the U.S. market by 2025, alongside predictions of a modest increment in revenue growth, approximately +25% year-over-year, coupled with a 520 basis point expansion in margins.
Flutter Entertainment's Q3 results and forecast exceeded consensus expectations, fueled by a more robust performance in the U.S. and U.K. markets alongside more restrained headwinds in Q4. The company is highlighted for its strong fundamental structure and the potential for significant catalysts.
Here are the latest investment ratings and price targets for $Flutter Entertainment (FLUT.US)$ from 5 analysts:
Note:
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