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Investing.com - Bernstein SocGen Group lowered its price target on Flutter Entertainment (NYSE:FLUT) to $275.00 from $325.00 on Thursday, while maintaining a Market Perform rating on the stock. This target sits between the analyst low of $250 and high of $389, according to InvestingPro data.
The price target reduction follows Flutter’s muted U.S. results and lowered full-year guidance. Management provided explicit ranges for FanDuel Predicts EBITDA, projecting losses of $40-50 million in Q4 2025 and earnings of $200-300 million in 2026. InvestingPro data shows that 6 analysts have recently revised their earnings downwards for the upcoming period.
Flutter’s stock traded flat after the earnings announcement but later fell approximately 5% following news that the company would cease operations in Nevada due to regulators’ concerns about the launch of Predicts. DraftKings also withdrew its pending applications with the state. Currently trading at $234.45, Flutter’s shares have fallen significantly over the last three months and are down 9.29% year-to-date, though they’ve recently shown a 8.3% recovery over the past week.
Bernstein cited three factors for its cautious near-term outlook: uncertainty around UK gaming levies ahead of Chancellor Reeves’ November 26 Autumn Budget speech, potential rebounds in parlay penetration within operator-level state data, and competitive dynamics around the FanDuel Predicts launch.
Despite near-term concerns, Bernstein maintains that the long-term outlook for FanDuel’s growth and profitability remains "highly attractive" with a robust pipeline of potential state launches that could be accelerated by prediction markets. This aligns with Flutter’s strong revenue growth of 13.77% over the last twelve months. For deeper insights into Flutter’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Flutter Entertainment reported its third-quarter 2025 earnings, which showed a significant earnings per share (EPS) beat with an actual EPS of $1.64, surpassing the forecast of $0.79. Despite this positive outcome, the company fell short on revenue expectations, reporting $3.79 billion compared to the forecasted $3.89 billion. Following these results, several analysts adjusted their price targets for Flutter Entertainment. BTIG lowered its price target to $271, maintaining a Buy rating, while Stifel reduced its target to $330, also keeping a Buy rating, citing the company’s earnings miss. Citizens, however, raised its price target to $345, noting Flutter’s heavy investments in markets such as Brazil and Italy. Canaccord Genuity adjusted its price target to $300, maintaining a Buy rating, following mixed results with growth in US iGaming but challenges in online sports betting. These developments highlight the varied analyst perspectives and the company’s strategic investments impacting its financial performance.
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