Needham & Company LLC Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $150.00

Flutter Entertainment (NYSE:FLUT) had its price target lowered by Needham & Company LLC from $300.00 to $150.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. BTIG Research dropped their price objective on shares of Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Morgan Stanley dropped their price target on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Wells Fargo & Company reissued an “equal weight” rating and issued a $228.00 price objective (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Canaccord Genuity Group decreased their price objective on Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, HSBC raised Flutter Entertainment from a “hold” rating to a “buy” rating and cut their target price for the stock from $265.00 to $228.00 in a report on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus target price of $237.15.

Flutter Entertainment Trading Down 13.7%

NYSE FLUT opened at $106.24 on Friday. The company has a market cap of $18.62 billion, a price-to-earnings ratio of -59.02, a price-to-earnings-growth ratio of 0.22 and a beta of 2.32. Flutter Entertainment has a twelve month low of $99.96 and a twelve month high of $313.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.31. The business’s fifty day moving average is $174.32 and its 200 day moving average is $222.85.

Flutter Entertainment (NYSE:FLUT) last posted its earnings results on Thursday, February 26th. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.37). Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the prior year, the business posted $2.94 earnings per share. Flutter Entertainment’s revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, sell-side analysts expect that Flutter Entertainment will post 4.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Flutter Entertainment

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after buying an additional 69 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Flutter Entertainment during the 2nd quarter valued at $405,000. Focus Partners Advisor Solutions LLC bought a new position in Flutter Entertainment during the second quarter worth $242,000. Envestnet Asset Management Inc. boosted its stake in Flutter Entertainment by 24.8% during the second quarter. Envestnet Asset Management Inc. now owns 68,772 shares of the company’s stock worth $19,652,000 after acquiring an additional 13,673 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Flutter Entertainment by 9.6% in the second quarter. Assetmark Inc. now owns 16,952 shares of the company’s stock worth $4,844,000 after purchasing an additional 1,485 shares during the period.

Trending Headlines about Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Several Wall Street firms kept “buy”/”overweight” stances and continue to see meaningful upside despite trimming targets, signalling continued conviction in Flutter’s long‑term position (analysts cite competitive strengths and attractive risk/reward). TipRanks story
• Positive Sentiment: Top-line growth remains solid: revenue rose ~25% year‑over‑year in the quarter, showing demand expansion even as profitability is under pressure. Earnings press release
• Neutral Sentiment: Annual Report and Accounts 2025 published — useful for detailed financials and accounting disclosures but not market moving on its own. GlobeNewswire
• Neutral Sentiment: Some outlets note a small EPS beat versus a narrow consensus (Zacks view) but that contrasts with broader consensus misses — mixed signals on the quarter depending on which benchmark you use. Zacks
• Negative Sentiment: Disappointing Q4 results and weak FY‑2026 guidance: EPS missed broader consensus (reported $1.74 vs. an often‑cited $2.11 consensus) and revenue was below estimates; management forecasted materially softer profit growth for 2026, citing U.S. market headwinds. This guidance shortfall is the primary driver of the stock decline. Reuters
• Negative Sentiment: Operational headwinds in the U.S.: high NFL hold and promotional missteps reduced betting volumes and customer engagement, and management said customer growth moderated while market share slipped in Q4. These are concrete execution risks for FanDuel, Flutter’s largest profit driver. LegalSportsReport
• Negative Sentiment: Market reaction and analyst re‑pricing: shares dropped sharply after the report and multiple brokers cut price targets (examples include Needham, Benchmark, Truist, BTIG, Citizens/JMP, Barclays and Oppenheimer), reflecting a re‑rating of near‑term earnings power. That repricing increases downside risk near term. Benzinga roundup

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.