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On Wednesday, UBS analyst Ben Shelley confirmed a Buy rating on shares of Flutter Entertainment (NYSE:FLUT), maintaining the price target at $335.00. The $47.2 billion market cap company’s stock declined by 11% from its high of $299, recorded on February 14th. According to InvestingPro data, the stock has shown resilience with a 24.4% return over the past year. The recent drop was attributed to broader market trends rather than company-specific fundamentals.
Flutter Entertainment has recently issued strong guidance for its U.S. operations, which is expected to exceed street expectations and suggest upgrades from the projections shared during their investor day. With current revenues of $13.6 billion and impressive revenue growth of 19.9% in the last twelve months, the company’s guidance is seen as a positive sign for reaching its fiscal year 2027 target of $2.4 billion in EBITDA for the existing states, a significant increase from the $507 million reported in 2024.
In addition to the promising U.S. business outlook, Flutter Entertainment has also provided guidance for its Rest of World operations, indicating a 6% normalized revenue growth and a 10% normalized EBITDA growth. Shelley’s commentary highlights the attractiveness of Flutter’s business prospects, especially considering the stock is currently trading at an implied 8 times its fiscal year 2026 EBITDA.
The analyst’s comments underscore the strength of Flutter Entertainment’s guidance and its potential to outperform market expectations. This guidance has been particularly encouraging for the U.S. segment of the business, which is a key driver for the company’s ambitious EBITDA goal in the coming years.
The maintained Buy rating and price target by UBS reflect confidence in the company’s strategic direction and its ability to deliver strong financial performance. Investors and market watchers will likely continue to monitor Flutter Entertainment’s progress towards its targets and its impact on the stock’s performance.
In other recent news, Flutter Entertainment plc reported impressive fourth-quarter earnings, surpassing analyst expectations. The company achieved an adjusted earnings per share of $2.94, significantly exceeding the estimated $1.73. However, revenue for the quarter was $3.79 billion, slightly below the anticipated $3.82 billion. Looking forward, Flutter projects its 2025 revenue to range between $15.48 billion and $16.38 billion, which is notably higher than the analyst projections of $13.52 billion. The company attributed its success to strong performance in its US operations, particularly with FanDuel, which holds a 43% market share in gross gaming revenue. Flutter’s iGaming segment also reported a 43% year-over-year revenue increase. While the company experienced growth in the UK and Italy, it faced challenges in Australia due to a weaker racing market. CEO Peter Jackson highlighted record customer engagement during the Super Bowl as a positive indicator for 2025.
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