Flutter Entertainment

FLUT · NYSE

$78.98+$1.60 (+2.07%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $77.38

FLUT analyst rating

BuyConsensus of 25 analysts over the last 12 months. 68% rate it a buy.

Strong buy0
Buy17
Hold8
Underperform0
Sell0

12-month price target · 35 analysts

Average $146.46 (+85.4% upside)

Low: $91.91
Now: $78.98
High: $378.00

Upgrades and downgrades

The latest rating actions, newest first

FLUT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 20, 2026	Maintains	Neutral	$114.00 → $110.00	48%
Truist Securities	Oct 20, 2026	Maintains	Buy	$120.00 → $100.00	39%
Citizens	Oct 13, 2026	Maintains	Market Outperform	$145.00 → $129.00	31%
Susquehanna	Oct 8, 2026	Maintains	Positive	$115.00 → $100.00	50%
Wedbush	Oct 8, 2026	Maintains	Outperform	$126.00 → $110.00	0%
Citigroup	Oct 7, 2026	Upgrade	Neutral → Buy	$93.00 → $91.00	50%
Macquarie	Oct 7, 2026	Maintains	Outperform	$150.00 → $128.00	40%
BTIG	Oct 1, 2026	Maintains	Buy	$113.00 → $110.00	39%
Rothschild & Co	Sep 21, 2026	Downgrade	Buy → Neutral	$169.00 → $119.00	100%
Wolfe Research	Sep 2, 2026	Initiates	Outperform	$150.00	53%

The case for and against

Updated Oct 14, 2026

Bull case

Flutter Entertainment is well positioned by its leading U.S. FanDuel franchise and broad global scale, with top digital revenue share in major markets and 15.9 million average monthly users across more than 100 countries as of Dec. 31, 2025. New York data underscores the strength of the brand, as FanDuel’s handle rose about 26% YoY across the first three weeks of the NFL season and its share of state handle climbed to roughly 38%, despite a softer statewide hold tied to customer-friendly results. The outlook is further supported by management’s heavier promotional investment, expanding loyalty tools, predictive betting products, and a cost program targeting more than $300mn of savings by 2027 plus an additional $500mn by 2029, which should help convert market-share gains into earnings power.

Bear case

Flutter Entertainment is facing a negative setup because its U.S. sports betting economics are being pressured by outcome-driven hold compression, elevated promotional intensity, and a likely structural reset in FanDuel’s share that could force a sustained step-up in spending. Even though FanDuel is still gaining users and handle, revised views point to weaker profitability, with U.S. sportsbook revenue cut to $1.43bn and U.S. adjusted EBITDA to -$4mn as the Brazil ban removes about $70mn of 2026 revenue and $20mn of EBITDA while growth expectations are trimmed. Broader risks compound the outlook, including prediction markets eroding pricing power, rising gaming taxes, and regulatory bans that can impair margins and delay deleveraging and buybacks.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.