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Citizens JMP analyst firm reiterated its Market Outperform rating for Flutter Entertainment (NYSE:FLUT) on Thursday, maintaining its price target of $301.00 per share. The target represents a 12% upside from the current price of $269.36, with the stock already showing strong momentum after gaining 11% in the past week.
The firm identified Flutter Entertainment as its "top pick in the gaming space" despite what it described as "regulatory noise" affecting the sector. With a substantial market capitalization of $47.3 billion and robust revenue growth of 16.7% in the last twelve months, Flutter has established itself as a major player in the industry. InvestingPro analysis reveals 14 additional key insights about the company’s performance and prospects.
Citizens JMP highlighted the company’s earnings potential, noting that it views Flutter’s "earnings power in the coming years as unmatched," which should enable the company to expand its market presence.
The maintained price target of $301 represents a multiple of 20 times the firm’s estimated free cash flow for 2026 and 14.5 times its projected EBITDA for the same year.
Flutter Entertainment operates globally in the online gaming and sports betting markets, with the firm emphasizing that the company’s "global capabilities" will help support its continued expansion.
In other recent news, Flutter Entertainment has issued $1 billion in senior secured notes, with the proceeds intended to repay amounts under a Bridge Credit Agreement and cover general corporate expenses. Additionally, Flutter has increased its term B loans by $750 million, highlighting its strategic financial management efforts. Citizens JMP analysts reaffirmed their Market Outperform rating and maintained a $301 price target for Flutter, indicating confidence in the company’s strategy despite recent unfavorable sports outcomes. Meanwhile, Bernstein SocGen Group initiated coverage on Flutter Entertainment with a Market Perform rating and a $275 price target, citing medium-term growth prospects and market leadership as key factors. Flutter also announced a total voting rights update, ensuring compliance with regulatory obligations and maintaining transparency for investors. In response to Illinois’ new betting transaction fee, Flutter plans to introduce a $0.50 fee for FanDuel customers in the state starting September 2025. The company expressed concerns that this fee might drive customers to unregulated operators. FanDuel has committed to removing the fee if the state reverses its decision.
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