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Investing.com - Citizens analyst Jordan Bender has reiterated a Market Outperform rating on Flutter Entertainment (NYSE:FLUT) with a price target of $340.00. The gaming giant, currently valued at $43.4 billion, has received strong backing from analysts, with a consensus recommendation of 1.42 (Strong Buy). According to InvestingPro data, the company’s Fair Value analysis suggests the stock is currently fairly valued.
The firm reported that Flutter’s CEO appeared confident about the company’s long-term trajectory despite recent market concerns about betting outcomes. The CEO expressed willingness to expand betting offerings, particularly through the Your Way feature, to increase diversification and improve expected outcome means. This confidence is supported by Flutter’s impressive revenue growth of 15.6% over the last twelve months, with total revenue reaching $14.9 billion.
Citizens noted that Flutter’s strategy focuses on naturally increasing revenue growth by improving the mean of outcomes, consistent with the company’s approach across all markets. The analyst indicated that based on CEO comments, paying to hedge exposure is likely not being considered despite recent investor inquiries.
The report highlighted Flutter’s iGaming business, which grew revenue by 37% in the first half of 2025. Third-party titles like Huff and Puff were cited as continuing to deliver strong results for the business. InvestingPro subscribers have access to 12 additional key insights about Flutter’s performance and valuation metrics, along with comprehensive analysis in the Pro Research Report, which provides deep-dive analysis of what really matters for informed investment decisions.
According to Citizens, Flutter plans to eventually migrate FanDuel to the Flutter iGaming content platform, but the CEO indicated a willingness to accept higher costs in the near term to prioritize market share and revenue growth. The company maintains a moderate debt level with a debt-to-equity ratio of 1.05, while analysts forecast continued sales growth for the current year.
In other recent news, Flutter Entertainment has been the focus of several analyst firms. Citizens reiterated its Market Outperform rating on Flutter, maintaining a price target of $340. Benchmark also maintained its Buy rating on Flutter with a price target of $365, citing potential competitive pressures from prediction markets. Jefferies reiterated its Buy rating with a higher price target of $380, suggesting recent stock weakness was an overreaction to market developments. In addition, Flutter announced a disclosure via the Regulatory News Service regarding its total voting rights, in compliance with UK Financial Conduct Authority rules.
DraftKings, another major player in the sports betting industry, faced a price target reduction by Benchmark, from $53 to $43, while retaining a Buy rating. The firm highlighted potentially challenging conditions for DraftKings in the third quarter, including unfavorable sports outcomes and increased promotional expenses. The challenging macroeconomic environment was also noted as a contributing factor to these concerns. These developments reflect the dynamic nature of the sports betting industry, with companies navigating both competitive pressures and broader economic challenges.
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