Flutter Entertainment stock price target raised to $330 from $295 at BofA

Investing.com - BofA Securities raised its price target on Flutter Entertainment (NYSE:FLUT) to $330.00 from $295.00 on Friday, while maintaining a Buy rating on the stock. The company, currently trading at $289.58, has shown strong momentum with a 42% return over the past year according to InvestingPro data.

The price target increase reflects Flutter’s move to increase its ownership in FanDuel from 95% to 100%, which BofA described as occurring on "attractive terms."

BofA also cited better-than-expected second-quarter 2025 U.S. data as a factor supporting the higher valuation, noting that both developments strongly underpin Flutter’s fiscal year 2025 guidance and suggest potential upside risks.

The firm has increased its target valuation for FanDuel to $44 billion, up from a previous estimate of $37 billion, based on higher estimates and an increased target multiple driven by peer re-rating.

Flutter Entertainment is currently featured on BofA’s "25 for 2025" list and its Europe 1 list of top investment ideas.

In other recent news, Flutter Entertainment has secured a $1.75 billion bridge loan to support its financial needs, including refinancing and general corporate purposes. This loan agreement was disclosed in a filing with the U.S. Securities and Exchange Commission and features terms similar to Flutter’s existing credit facilities. Additionally, Flutter Entertainment’s move to acquire full ownership of FanDuel has been met with positive analyst reactions. JMP Securities maintained its Market Outperform rating with a $301 price target, emphasizing the benefits of eliminating capital outflows to Boyd Gaming (NYSE:BYD). BTIG also raised its price target to $302, citing improved revenue and EBITDA projections for Flutter’s U.S. operations. Jefferies resumed coverage with a Buy rating, projecting strong growth and a $380 price target, highlighting the company’s potential catalysts for stock appreciation. UBS maintained its Buy rating and a $340 price target, expecting Flutter to exceed revenue and EBITDA expectations in its upcoming second-quarter results. These developments reflect a consistent positive outlook from analysts on Flutter Entertainment’s financial and strategic initiatives.

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