Barclays analyst Brandt Montour has revised the price target for Flutter Entertainment (FLUT, Financial), lowering it to $300 from a previous $308. Despite this adjustment, Montour maintains an Overweight rating on the company's shares, reflecting optimism in their long-term value. This update is part of a broader first-quarter forecast for the gaming industry.
The analysis suggests that while the broader gaming markets are demonstrating resilience, an extended economic downturn could impact the Las Vegas market more significantly than regional and digital platforms. Montour notes that the segment in Macau appears to be the least exposed to risks, indicating a more stable outlook in that region.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Flutter Entertainment PLC (FLUT, Financial) is $308.22 with a high estimate of $350.00 and a low estimate of $234.00. The average target implies an upside of 39.15% from the current price of $221.50. More detailed estimate data can be found on the Flutter Entertainment PLC (FLUT) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Flutter Entertainment PLC's (FLUT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Flutter Entertainment PLC (FLUT, Financial) in one year is $289.89, suggesting a upside of 30.88% from the current price of $221.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Flutter Entertainment PLC (FLUT) Summary page.
