The investment bank slashes its price target by more than half, saying it has lost confidence in Flutter's ability to hit its own US profit targets. Citi has downgraded Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the FTSE 100 gambling group that owns FanDuel in the United States, from "buy" to "sell" and cut its price target from £158 to £68, a reduction of more than half, citing growing doubts about the pace of growth in its crucial American business.
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT)FanDuel Predicts app could generate $125 million in annual revenues not yet factored into company guidance or market consensus, according to Jefferies, which rates the global betting and gaming group a 'buy with a 16,000p price target. That's more than double the current share price, which sits at 7,636.95p, up 34.95p.
Alliancebernstein L.P. increased its position in shares of Flutter Entertainment PLC (NYSE: FLUT) by 10.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,240,066 shares of the company's stock after acquiring an additional 118,422 shares during the period. Alliancebernstein L.P. owned about
Jefferies has maintained its 'buy' rating on Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the online gambling group behind FanDuel and Paddy Power, while cutting its price target nearly in half from $380 to $210, arguing the stock has been de-rated to levels that imply no future growth in its core US market. The broker cut its earnings before interest, tax, depreciation and amortisation (EBITDA) estimates by between 13% and 19% across 2026 to 2028, with US forecasts reduced by 21% to 28%, following full-year results last week that revealed margin pressures from NFL betting and insufficient promotional efficiency.
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the owner of FanDuel and Paddy Power, saw its shares drop 12% to 7,972p in London after the gambling giant issued 2026 earnings guidance after hours on Thursday that fell well short of market expectations, overshadowing a broadly in-line set of full-year results. The company, which shifted its primary listing to New York, posted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $2.845 billion for 2025.
Flutter Entertainment (FLUT) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $2.94 per share a year ago.
The owner of FanDuel posted results that largely missed Wall Street expectations as customer and betting growth slowed due to improved competitor products.
FanDuel parent Flutter Entertainment announced fourth-quarter earnings Thursday that missed Wall Street expectations on nearly every metric. "It's fair to say, not everything went our way in the fourth quarter," Flutter CEO Peter Jackson told CNBC in an interview.
After months of steady selling and an acceleration since early January, shares of Flutter Entertainment plc NYSE: FLUT are now back at the levels they were at in 2020. The stock has effectively given up three years' worth of gains, a brutal outcome for what was once viewed as one of the most exciting names in global online gambling.
Flutter is approaching a buying opportunity, with shares down 49% from ATHs amid sentiment-driven selloff and temporary margin pressures. FLUT maintains a dominant US market position via FanDuel, benefiting from high-margin parlays and resilient gambling revenue across regulated and emerging markets. Prediction markets pose a limited threat to FLUT's profit pool, as their lower-margin, binary-only offerings cannot disrupt core sportsbook and parlay economics.
The NBA, MLB and NFL have all worked with betting companies to put restrictions on prop bets — wagers placed on a specific statistic within a game
Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) shares took a battering after the bookmaker reset its profit guidance for next year, catching investors off guard with a roughly 10% downgrade at the earnings level. But JP Morgan reckons the market has overreacted.