Flutter Entertainment price target raised to $345 from $340 at Citizens JMP

Citizens JMP raised the firm’s price target on Flutter Entertainment (FLUT) to $345 from $340 and keeps an Outperform rating on the shares following the earnings report. Flutter’s increased investment in Brazil, Italy, and prediction markets, alongside costs from India’s shutdown and the $1.8B FanDuel stake buyback, has reduced 2026 EBITDA forecasts and kept leverage above target through 2026, the analyst tells investors in a research note. Management appears focused on long-term growth, with 2027 expected to deliver stronger earnings and free cash flow as new markets, synergies, and integrations materialize, the firm says.