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Investing.com - Bernstein SocGen Group has raised its price target on Flutter Entertainment (NYSE:FLUT) to $340.00 from $325.00 while maintaining a Market Perform rating on the stock. The company, currently valued at $49 billion, has delivered impressive returns with a nearly 60% gain over the past year.
The price target increase follows what the research firm described as a "clean beat, clean raise" in Flutter’s latest quarterly results, with FanDuel continuing to be the primary growth driver for the company. According to InvestingPro data, Flutter’s revenue grew 16.7% in the last twelve months, with analysts expecting continued strong growth this year.
FanDuel’s structural hold expanded to 13.6% during the quarter, with EBITDA margins showing significant improvement and product development driving deeper monetization across both sportsbook and iGaming offerings.
The research firm noted that Flutter has demonstrated its platform can scale profitably even as sales and marketing intensity normalizes, and that the company successfully absorbed regulatory challenges without disrupting its broader profit and loss outlook.
Bernstein SocGen’s analysis indicated mixed results in Flutter’s international operations, with positive top-line trends in Brazil and Southeast Asia offset by softening data in Italy, while reinvestment costs and transactional factors continue to weigh on margins, with the United Kingdom (TADAWUL:4280) remaining a policy uncertainty heading into fall.
In other recent news, Flutter Entertainment reported strong financial results for the second quarter of 2025, with earnings and revenue significantly surpassing forecasts. The company’s earnings per share (EPS) reached $2.95, which was 39.81% above the projected $2.11. Revenue came in at $4.19 billion, exceeding the forecasted $4.08 billion. UBS responded to these results by raising its price target for Flutter to $360, maintaining a Buy rating, citing the company’s better-than-expected quarterly performance. Similarly, Stifel increased its price target to $356 from $353, also keeping a Buy rating, and highlighted an 18% beat on adjusted EBITDA for the second quarter. Stifel attributed this to favorable U.S. sport outcomes and mis-modeled international seasonality. The strong U.S. core trading performance was noted as modestly ahead of expectations. These developments reflect the company’s robust financial health and performance in the recent quarter.
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