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Investing.com - JMP Securities has reiterated its Market Outperform rating on Flutter Entertainment (NYSE:FLUT) with a price target of $323.00, according to a research note released Tuesday. The stock, currently trading at $306.25, has demonstrated remarkable strength with a 58% return over the past year and is approaching its 52-week high of $309.77.
Analyst Jordan Bender maintained the firm’s positive outlook on the global gaming company, keeping both the rating and price target unchanged in the latest assessment. This aligns with the broader analyst consensus, as shown by InvestingPro data, which reveals strong bullish sentiment for the $53.8 billion market cap company.
The $323 price target is based on 15 times JMP’s estimated 2026 EBITDA for Flutter Entertainment, according to the research note.
The target also reflects 20 times JMP’s projected free cash flow for Flutter spanning the 2026-2027 period.
Flutter Entertainment operates several major online betting and gaming brands globally, including FanDuel, Paddy Power (LON:FLTRF), Betfair, and PokerStars.
In other recent news, Flutter Entertainment announced it will release its second quarter 2025 financial results and host a webcast and conference call on August 7, 2025. This announcement was made to comply with United Kingdom (TADAWUL:4280) disclosure requirements. In a significant financial move, Flutter Entertainment has secured a $1.75 billion bridge loan to address financing needs, as disclosed in a press release filed with the U.S. Securities and Exchange Commission. The funds will be used for transactions, fees, expenses, and general corporate purposes.
JMP Securities recently raised its price target for Flutter Entertainment to $323, citing the company’s leadership in U.S. online gaming and international markets. BofA Securities also increased its price target for Flutter to $330, reflecting Flutter’s decision to increase its ownership in FanDuel to 100% on favorable terms. Meanwhile, JMP Securities maintained a $301 price target, noting the benefits of Flutter’s full acquisition of FanDuel. These developments highlight Flutter Entertainment’s strategic financial and market positioning.
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