Benchmark Co. analyst Mike Hickey reiterated a Buy rating on Flutter Entertainment PLC (FLTR – Research Report) today and set a price target of $300.00.
Mike Hickey has given his Buy rating due to a combination of factors that highlight Flutter Entertainment PLC’s strong market position and growth potential. Despite a challenging first quarter, particularly in the U.S. sportsbook sector, Flutter has maintained its leadership in online sports betting and iGaming. This is attributed to effective customer acquisition and retention strategies, along with a robust margin profile supported by innovative offerings.
Furthermore, the company’s differentiated product pipeline and anticipated margin expansion are seen as key drivers for future growth. With a strong earnings outlook for the second half of the year and a resilient position within the broader online gaming market, Flutter is well-positioned for continued success. The company’s guidance for 2025 reflects significant revenue and AEBITDA growth, reinforcing the positive outlook and justifying the Buy rating.
Based on the recent corporate insider activity of 17 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.