On Oct 14, major Wall Street analysts update their ratings for $Flutter Entertainment (FLUT.US)$, with price targets ranging from $265 to $300.
BofA Securities analyst Adrien Hilaire initiates coverage with a buy rating, and sets the target price at $300.
Barclays analyst Brandt Montour maintains with a buy rating, and maintains the target price at $275.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and maintains the target price at $295.
Oppenheimer analyst Jed Kelly maintains with a buy rating, and maintains the target price at $300.
JMP Securities analyst Jordan Bender maintains with a buy rating, and adjusts the target price from $255 to $287.
Furthermore, according to the comprehensive report, the opinions of $Flutter Entertainment (FLUT.US)$'s main analysts recently are as follows:
Flutter Entertainment has been positioned favorably with an optimistic outlook based on FanDuel's distinct market positioning and a dynamic market environment. This perspective sets the expectation for performance significantly above the consensus for the year 2027. Additionally, there are substantial value-generating opportunities recognized, with the market in Brazil cited as a recent instance of this potential. The growth prospects for the company are also seen as undervalued.
The recent selloff in Flutter Entertainment's stock is believed to have been influenced by a nearly 'worst case' scenario regarding UK tax changes with limited mitigation. Looking ahead, there is a belief that FanDuel will enhance its structural hold to 15% by fiscal year 2027, which suggests that Flutter's revenue goals for fiscal 2027 can be met using fairly conservative projections.
Here are the latest investment ratings and price targets for $Flutter Entertainment (FLUT.US)$ from 6 analysts:
Note:
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