Wells Fargo analyst Trey Bowers downgraded Flutter Entertainment (FLUT) to Equal Weight from Overweight with a price target of $228, down from $248, as part of a broader research previewing 2026 in Digital Gaming. The firm remains upbeat on long-term growth dynamics in Digital and anticipates robust 2026 profit growth, though it also believes that DraftKings offers better near-term upside than Flutter with expectations of a “strong” Q4 for the company, the analyst tells investors in a research note. Flutter’s lower handle growth and higher Promo is offset by improved y/y Net Hold “yield a miss”, Wells Fargo added.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment Names Best Buy Chairman David Kenny as Independent Director
- Flutter Entertainment price target lowered to $260 from $280 at Truist
- Texas Capital starts Flutter with a Buy on scale, diversification
- Flutter Entertainment initiated with a Buy at Texas Capital
- NY moves to restrict sports prediction-market contracts, Covers’ Buttler says