UBS analyst Ben Shelley has reiterated their bullish stance on FLTR stock, giving a Buy rating on March 10.
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Ben Shelley has given his Buy rating due to a combination of factors that, in his view, underpin Flutter Entertainment’s long-term equity story despite recent share price weakness. He highlights Flutter’s dominant positions in key regulated online gaming markets and sees substantial runway from further U.S. legalization and continued global online penetration, with recent estimate downgrades now largely reflected in the valuation.
Shelley also points to three specific drivers for a potential re-rating: improved earnings reliability in the U.S. as the company executes on conservative near-term guidance, a pronounced EBITDA acceleration expected in 2027 after investment normalizes, and a clearer path to deleveraging that should allow free cash flow to recover and a sizeable share buyback to resume. While the price target has been reduced on lower forecasts and a higher cost of capital, he still sees attractive upside from current levels on a sum-of-the-parts and DCF basis.
In another report released on March 10, Goldman Sachs also maintained a Buy rating on the stock with a p15,350.00 price target.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLTR in relation to earlier this year.