Clark Lampen, an analyst from BTIG, maintained the Buy rating on Flutter Entertainment PLC. The associated price target was lowered to $271.00.
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Clark Lampen has given his Buy rating due to a combination of factors, despite some recent challenges faced by Flutter Entertainment PLC. The company reported weaker-than-expected results for the third quarter of 2025, primarily due to increased promotional spending by competitors and a loss in parlay share. However, FanDuel, a key part of Flutter’s business, is expected to see a 10% year-over-year growth in handle and improvements in structural hold, which are positive indicators for future performance.
Additionally, while there are headwinds anticipated in the U.S. market affecting EBITDA projections, the company’s ex-U.S. results have aligned with revenue and margin expectations. The analyst believes that the potential tax unification in the UK can be mitigated through strategic share capture and cost adjustments. Despite a reduction in the price target reflecting updated EBITDA estimates, the overall outlook remains positive, supporting the Buy rating.
In another report released today, Needham also reiterated a Buy rating on the stock with a $300.00 price target.
Based on the recent corporate insider activity of 56 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.