Berenberg Bank analyst Jack Cummings maintains $Flutter Entertainment (FLUT.US)$ with a buy rating, and adjusts the target price from $275.28 to $314.61.
According to TipRanks data, the analyst has a success rate of 55.1% and a total average return of -1.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Flutter Entertainment (FLUT.US)$'s main analysts recently are as follows:
Following Flutter Entertainment's Q3 report, there is a stronger projection for future earnings, with the 2026 EBITDA forecast increased by 3%, surpassing the consensus by 11%. However, the outlook for 2024/25 remains mostly the same. Despite Flutter reiterating its 20%-25% revenue growth expectation for FanDuel, this estimate is perceived to be on the conservative side.
Flutter Entertainment demonstrated a robust performance in the third quarter, underscoring its ongoing supremacy in the U.S. market and the advantages of having a diverse business model.
Flutter Entertainment's third-quarter earnings surpassed expectations, with U.S. results coming in stronger than anticipated. This performance was credited to the company's superior risk and trading capabilities. To capitalize on this competitive edge, the company has introduced the Your Way product, according to an analyst's commentary.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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