Flutter Entertainment stock hits 52-week low at 189.38 USD

Flutter Entertainment PLC’s stock reached a 52-week low, touching 189.38 USD. This milestone reflects a challenging year for the company, with its stock experiencing a significant decline. Over the past 12 months, the stock has seen a 31.52% decrease, underscoring the pressures faced by the company in a volatile market environment. According to InvestingPro data, the company’s RSI indicates the stock is currently in oversold territory, while the company maintains a substantial market cap of $33.82 billion and generated $15.44 billion in revenue with 13.77% growth. The drop to its lowest point in a year highlights the ongoing difficulties in the sector and the need for strategic adjustments to regain investor confidence. Despite current challenges, InvestingPro analysis suggests the stock may be undervalued, with analysts anticipating sales growth and a return to profitability this year. Flutter’s revenue is forecast to grow by 26% in FY2025, potentially offering a silver lining for long-term investors. For comprehensive insights on Flutter and 1,400+ other stocks, Pro Research Reports on InvestingPro provide clear, actionable intelligence through expert analysis and intuitive visuals.

In other recent news, Flutter Entertainment has been the focus of several analyst updates. HSBC upgraded the company’s stock from Hold to Buy, citing favorable valuation metrics despite lowering its price target to $228. UBS also maintained a Buy rating, adjusting its price target to $340 due to potential UK tax risks, and noted that the stock has largely priced in these risks. Wells Fargo initiated coverage on Flutter with an Overweight rating and a $272 price target, highlighting the company’s strong management and growth prospects in the U.S. digital market. UBS reiterated its Buy rating and $360 price target, acknowledging softer-than-expected third-quarter results but noting positive momentum as Flutter addresses competitive challenges in the U.S. market. Benchmark also reiterated a Buy rating with a $310 price target, emphasizing Flutter’s strong position in the U.S. and its global diversification. These updates reflect a generally positive outlook from analysts, with a focus on Flutter’s strategic positioning and growth potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.