Flutter Entertainment stock price target raised to $345 from $323 at Citizens JMP

Investing.com - Citizens JMP raised its price target on Flutter Entertainment (NYSE:FLUT) to $345.00 from $323.00 on Friday, while maintaining a Market Outperform rating on the stock. The company, currently valued at $52.64 billion, has seen its stock surge nearly 60% over the past year, trading close to its 52-week high of $313.69.

The price target increase follows Flutter Entertainment’s second-quarter earnings report. Citizens JMP’s new target is based on 13.4x 2027E EBITDA, adjusted from the previous 15.0x 2026E EBITDA, and 20x 2027E FCF. According to InvestingPro data, the company currently trades at an EV/EBITDA multiple of 30.71x, with trailing twelve-month EBITDA of $2.06 billion.

Citizens JMP believes Flutter’s U.S. business warrants a premium multiple compared to its online peers in the U.S. market. The firm’s analysis applies a 15x multiple on 2027E EBITDA, which attributes $39 billion of value to the FanDuel business.

From a sum-of-the-parts (SOTP) perspective, Citizens JMP views Flutter’s business outside the U.S. as undervalued given its size and scale compared to competitors.

Flutter Entertainment operates in the online gaming and sports betting industry, with FanDuel representing a significant portion of its U.S. operations.

In other recent news, Flutter Entertainment has announced plans to release its second-quarter 2025 financial results on August 7, 2025, accompanied by a webcast and conference call. This update was shared through the Regulatory News Service in London to meet UK disclosure requirements. Additionally, the company filed a report regarding its total voting rights with the UK Financial Conduct Authority, complying with the Disclosure Guidance and Transparency Rules.

In terms of analyst insights, JMP Securities has reiterated its Market Outperform rating for Flutter Entertainment, setting a price target of $323, citing the company’s strong market position in the U.S. and international gaming sectors. Furthermore, BofA Securities has raised its price target on Flutter to $330 from $295, maintaining a Buy rating. This adjustment reflects Flutter’s full acquisition of FanDuel, increasing its ownership from 95% to 100% under favorable terms. These recent developments highlight significant activity and analyst confidence in Flutter Entertainment.

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