Flutter Entertainment (NYSE:FLUT) Price Target Raised to $96.00

Flutter Entertainment (NYSE:FLUT) had its price objective increased by BTIG Research from $95.00 to $96.00 in a report published on Wednesday morning, Marketbeat Ratings reports. BTIG Research currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on FLUT. Truist Financial cut their price objective on Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Oppenheimer decreased their target price on shares of Flutter Entertainment from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, November 2nd. Stifel Nicolaus lowered their price target on shares of Flutter Entertainment from $133.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft set a $148.00 price target on shares of Flutter Entertainment in a research report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. Two 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 issued 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 target price of $131.07.

Flutter Entertainment Stock Performance

Shares of FLUT stock traded down $1.44 during mid-day trading on Wednesday, reaching $81.53. 3,542,024 shares of the company’s stock traded hands, compared to its average volume of 2,613,464. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $14.15 billion, a PE ratio of -15.41, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27. Flutter Entertainment has a 12 month low of $72.56 and a 12 month high of $235.77. The firm has a 50 day moving average price of $85.47 and a two-hundred day moving average price of $104.88.

Flutter Entertainment (NYSE:FLUT) last announced its 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). The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.99 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%. Flutter Entertainment’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. On average, research analysts forecast that Flutter Entertainment will post 3.05 EPS for the current year.

Insider Buying and Selling at Flutter Entertainment

In other news, CFO Robert Coldrake sold 710 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $69,480.60. Following the transaction, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 565 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $55,290.90. Following the transaction, the insider directly owned 20,441 shares of the company’s stock, valued at $2,000,356.26. The trade was a 2.69% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 6,681 shares of company stock worth $644,214. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLUT. 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 valued at $47,000 after purchasing an additional 382 shares during the last quarter. CX Institutional boosted its position in shares of Flutter Entertainment by 729.7% during the second quarter. CX Institutional now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 467 shares during the period. Allworth Financial LP boosted its position in shares of Flutter Entertainment by 167.8% during the second quarter. Allworth Financial LP now owns 557 shares of the company’s stock valued at $57,000 after buying an additional 349 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Flutter Entertainment by 65.8% during the second quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock valued at $67,000 after buying an additional 250 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Flutter Entertainment during the second quarter valued at approximately $119,000.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
• Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
• Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil’s betting ban hit Flutter Entertainment
• Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending

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.