BTIG analyst Clark Lampen has revised the price target for Flutter Entertainment (FLUT, Financial), decreasing it from $323 to $289. Despite this adjustment, the firm maintains a Buy rating on the stock.
The analysis reflects the current macroeconomic uncertainties and potential risks, yet indicates favorable prospects in both the B2C segment outside of the United States and the B2B segment within the U.S. BTIG suggests that recent market responses to March Madness-related developments have been mostly absorbed. The company appears poised to benefit from upcoming positive developments, according to the firm.
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.
