Flutter Entertainment stock price target raised by Benchmark to $365 on strong Q2

Investing.com - Benchmark raised its price target on Flutter Entertainment (NYSE:FLUT) to $365.00 from $300.00 on Friday, while maintaining a Buy rating following the company’s second-quarter earnings report. According to InvestingPro data, the stock has delivered an impressive 60% return over the past year, with analysts maintaining a strong buy consensus. The company currently trades near its 52-week high of $313.69.

Flutter Entertainment reported Q2 2025 revenue of $4.187 billion, representing 16% year-over-year growth, and adjusted EBITDA of $919 million, up 25% from the previous year. Both figures exceeded consensus estimates of $4.117 billion in revenue and $801 million in adjusted EBITDA. InvestingPro analysis shows the company maintains good financial health with a score of 2.83, operating with moderate debt levels and strong growth momentum.

The strong performance was driven by 17% revenue growth and 54% adjusted EBITDA growth in the U.S. market, alongside continued international momentum supported by the Snai and NSX acquisitions. The company saw particularly strong results in U.S. iGaming, which grew 42%, and Southeast Asia iGaming, which increased 70%.

Flutter’s improved sportsbook hold rate of 13.6% contributed to structural margin expansion during the quarter. The company also benefited from market access savings from its partnership with Boyd.

Management raised its full-year 2025 guidance, now projecting revenue of $17.26 billion and adjusted EBITDA of $3.295 billion, exceeding both prior guidance and consensus estimates. The revised outlook accounts for favorable U.S. sports results and adjusted expectations for state tax impacts and new state launch timings. For deeper insights into Flutter’s valuation and growth prospects, including 12 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Flutter Entertainment has reported strong financial results for the second quarter of 2025, significantly surpassing earnings and revenue forecasts. The company’s earnings per share reached $2.95, which was 39.81% above the projected $2.11. Revenue also exceeded expectations, coming in at $4.19 billion compared to the forecasted $4.08 billion. UBS noted that Flutter’s revenue represented a 16% year-over-year increase, and the company’s EBITDA reached $919 million, up 25% year-over-year. Following these results, UBS raised its price target on Flutter Entertainment to $360 from $340, maintaining a Buy rating. Similarly, Stifel increased its price target to $356 from $353, citing an 18% beat on adjusted EBITDA for the second quarter. Bernstein SocGen also adjusted its price target to $340 from $325, maintaining a Market Perform rating. These developments highlight a strong performance driven by FanDuel and favorable U.S. sport outcomes.

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