BTIG Research Forecasts Strong Price Appreciation for Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment (NYSE:FLUT) had its price target upped by stock analysts at BTIG Research from $95.00 to $96.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s price target would indicate a potential upside of 14.74% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. reduced their price target on shares of Flutter Entertainment from $114.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. Wedbush decreased their price objective on shares of Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $148.00 price objective on shares of Flutter Entertainment in a research report on Thursday, August 6th. Finally, Wolfe Research assumed coverage on Flutter Entertainment in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $150.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus price target of $133.93.

Flutter Entertainment Price Performance

Shares of FLUT traded down $0.07 during trading hours on Wednesday, hitting $83.67. 4,954,099 shares of the company were exchanged, compared to its average volume of 3,266,013. The company has a market cap of $14.52 billion, a price-to-earnings ratio of -19.43, a P/E/G ratio of 2.92 and a beta of 1.27. Flutter Entertainment has a fifty-two week low of $72.56 and a fifty-two week high of $235.77. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average is $86.43 and its 200 day moving average is $106.52.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the firm earned $1.64 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Flutter Entertainment will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Flutter Entertainment

In related news, COO James Bishop sold 741 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $72,514.26. Following the completion of the transaction, the chief operating officer directly owned 16,864 shares in the company, valued at $1,650,311.04. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Coldrake sold 710 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $69,480.60. Following the completion of the transaction, the chief financial officer directly owned 22,778 shares of the company’s stock, valued at approximately $2,229,055.08. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 6,681 shares of company stock worth $644,214 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of Flutter Entertainment

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in Flutter Entertainment by 489.7% during the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $47,000 after acquiring an additional 382 shares during the period. CX Institutional lifted its stake in shares of Flutter Entertainment by 729.7% in the 2nd quarter. CX Institutional now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 467 shares during the period. Allworth Financial LP lifted its stake in shares of Flutter Entertainment by 167.8% in the 2nd quarter. Allworth Financial LP now owns 557 shares of the company’s stock valued at $57,000 after purchasing an additional 349 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Flutter Entertainment by 65.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock valued at $67,000 after purchasing an additional 250 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Flutter Entertainment during the 2nd quarter valued at about $119,000.

Key Headlines Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Q3 revenue increased about 2% year over year to $3.874 billion, and U.S. revenue was identified as a bright spot. Flutter reports third-quarter revenue growth U.S. revenue was a bright spot
• Negative Sentiment: The company reported a quarterly loss of $0.18 per share, compared with $1.64 earnings per share a year earlier. Revenue of $3.874 billion also fell short of the roughly $3.99 billion analyst estimate. Q3 loss and revenue results
• Negative Sentiment: An approximately $873 million impairment tied to Brazil contributed to a net loss exceeding $1 billion, raising concerns about the market and the value of the company’s investment there. Brazil impairment and widened Q3 loss
• Negative Sentiment: Flutter cut its full-year guidance. Its 2026 revenue range of $17.34 billion to $17.89 billion has a midpoint below FactSet’s $17.81 billion estimate, reinforcing concerns about near-term growth. 2026 revenue outlook
• Negative Sentiment: The company paused share buybacks to focus on reducing debt and cutting costs, removing a source of shareholder returns in the near term. Flutter pauses share buybacks

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.