StreetInsider.com News Articles

Flutter Entertainment (FLUT) PT Lowered to $100 at Truist Securities

Tue, 20 Oct 2026 07:09:11 -0400

Truist Securities analyst Barry Jones lowered the price target on Flutter Entertainment (NYSE: FLUT) to $100.00 (from $120.00) while maintaining a Buy rating.

Flutter Entertainment to cut up to 1,400 jobs amid UK tax increases

Tue, 20 Oct 2026 07:04:20 -0400

Flutter Entertainment plc (NYSE: FLUT) announced plans to restructure its UK & Ireland business, a move expected to result in up to 1,400 redundancies, according to a company statement.

The restructuring is a response to increases in UK gaming taxes announced in the UK government's 2025 Autumn Budget. Effective from April 2026, iGaming taxes increased 19 percentage points to 40%. Sports betting taxes, excluding horseracing, are set to increase 10 percentage points to 25% from April 2027.

The job cuts will affect staff in Leeds, UK and Dublin, Ireland, as well as UK & Ireland employees at Flutter offices in Porto, Portugal

Flutter Entertainment to cut up to 1,400 jobs amid UK tax increases

Tue, 20 Oct 2026 07:04:20 -0400

Flutter Entertainment plc (NYSE: FLUT) announced plans to restructure its UK & Ireland business, a move expected to result in up to 1,400 redundancies, according to a company statement.

The job cuts will affect staff in Leeds, UK and Dublin, Ireland, as well as UK & Ireland employees at Flutter offices in Porto, Portugal

Flutter Entertainment to cut up to 1,400 jobs amid UK tax increases

Tue, 20 Oct 2026 07:04:20 -0400

Flutter Entertainment plc (NYSE: FLUT) announced plans to restructure its UK & Ireland business, a move expected to result in up to 1,400 redundancies, according to a company statement.

The job cuts will affect staff in Leeds, UK and Dublin, Ireland, as well as UK & Ireland employees at Flutter offices in Porto, Portugal

Form 8-K Flutter Entertainment For: Oct 20

Tue, 20 Oct 2026 07:02:00 -0400

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Flutter Entertainment (FLUT) PT Lowered to $129 at Citizens - 'Unfavorable Game Outcomes Will Weigh on Operators'

Tue, 13 Oct 2026 04:53:12 -0400

Citizens analyst Jordan Bender lowered the price target on Flutter Entertainment (NYSE: FLUT) to $129.00 (from $145.00) while maintaining a Market Outperform rating.

The analyst commented, "We believe unfavorable game outcomes will weigh on operators with exposure to the U.S. and UK markets (e.g., SGHC, FLUT), although better-than-expected handle should partially offset the resulting hold-related headwinds. Additionally, we remove all revenue and EBITDA associated with Brazil from our estimates for FLUT, SGHC, and MGM, and assume zero revenue contribution from Brazil going forward, pending congressional action to confirm the market’s dissolution under the current administration."

Flutter Entertainment (FLUT) PT Lowered to $129 at Citizens - 'Unfavorable Game Outcomes Will Weigh on Operators'

Tue, 13 Oct 2026 04:53:12 -0400

Citizens analyst Jordan Bender lowered the price target on Flutter Entertainment (NYSE: FLUT) to $129.00 (from $145.00) while maintaining a Market Outperform rating.

DraftKings stock faces headwinds as Susquehanna cites weak hold

Mon, 12 Oct 2026 06:27:30 -0400

Investing.com - DraftKings stock (NASDAQ:DKNG) and other online sports betting operators face unfavorable conditions after Week 5 of the NFL season and Week 6 of college football, according to Susquehanna's proprietary model tracking bookmaker performance.

The firm's model, which accounts for NFL games from Monday Night Football through Sunday Night Football and college football games from Wednesday through Saturday, estimates unfavorable hold for bookmakers during the week ending Sunday night. Hold refers to the percentage of wagers that bookmakers retain as revenue after paying out winning bets.

The weak performance in the most recent week means October month-to-date hold is unfavorable, following

DraftKings stock faces headwinds as Susquehanna cites weak hold

Mon, 12 Oct 2026 06:27:30 -0400

The weak performance in the most recent week means October month-to-date hold is unfavorable, following

Flutter Entertainment (FLUT) PT Lowered to $100 at Susquehanna

Thu, 08 Oct 2026 06:19:27 -0400

Susquehanna analyst Joseph Stauff lowered the price target on Flutter Entertainment (NYSE: FLUT) to $100.00 (from $115.00) while maintaining a Positive rating.

The analyst comments "Within a challenging market backdrop where consumer discretionary ETFs are down ~7% YTD, FLUT's (65%) YTD reflects: 1) an ~3x+ higher implied-vol of 59 (vs. XLY's 20), which equates to a 3.0 market-implied beta for FLUT vs. XLY; 2) software multiples in transition; 3) industry-specific headwinds from continued hyper-competition (new competitive entrant like PMs = higher spend to defend = fear of lower TAM and deferred profitability); and 4) FanDuel's company-specific challenges in OSB/PMs. Without new

Citi Upgrades Flutter Entertainment (FLUT) to Buy

Wed, 07 Oct 2026 02:35:30 -0400

Citi analyst Monique Pollard upgraded Flutter Entertainment (NYSE: FLUT) from Neutral to Buy with a price target of $91.00 (from $93.00).

For an analyst ratings summary and ratings history on Flutter Entertainment click here. For more ratings news on Flutter Entertainment click here.

Shares of Flutter Entertainment closed at $76.25 yesterday.

Citi Upgrades Flutter Entertainment (FLUT) to Buy

Wed, 07 Oct 2026 02:35:30 -0400

Citi analyst Monique Pollard upgraded Flutter Entertainment (NYSE: FLUT) from Neutral to Buy with a price target of $91.00 (from $93.00).

For an analyst ratings summary and ratings history on Flutter Entertainment click here. For more ratings news on Flutter Entertainment click here.

Shares of Flutter Entertainment closed at $76.25 yesterday.

Flutter Entertainment (FLUT) Reiterated at Market Outperform by Citizens on Momentum After World Cup

Fri, 02 Oct 2026 04:28:36 -0400

Citizens analyst Jordan Bender reiterated a Market Outperform rating and $145.00 price target on Flutter Entertainment (NYSE: FLUT).

The analyst commented, "The company is seeing strong momentum from the World Cup carrying over into the start of the NFL season, with handle growth continuing to outpace the growth rates reported in the first half of the year (-4% in 1H26). While reported handle growth remains solid, partially driven by incremental customer incentives (free bets and odds boosts), game outcomes over the first two weeks (management did not comment on Week 3) were weaker than expected. Investors have been struggling with determining

Form 8-K/A Flutter Entertainment For: Aug 01

Thu, 01 Oct 2026 06:30:00 -0400

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Form 8-K Flutter Entertainment For: Sep 28

Thu, 01 Oct 2026 06:07:00 -0400

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Flutter Entertainment (FLUT) Reiterated at Buy by Stifel

Tue, 29 Sep 2026 07:34:34 -0400

Stifel analyst Jeff Stantial reiterated a Buy rating and $133 price target on Flutter Entertainment (NYSE: FLUT).

The analyst commented, "We thought management sounded notably bullish on the U.K., specifically noting they are just now starting to see competitor marketing and promotional levels drop in response to the 4/1/26 iCasino tax hike and forthcoming OSB hike. Sky Bet has fully stabilized following the core UKI platform migration, and management drew parallel to the Paddy Power migration to the Sky Bet platform in 2018 which PPB market share steadily climbed thereafter. Similarly, FLUT believes the Snai product is now on par with

Jefferies Reiterates Buy Rating on Flutter Entertainment (FLUT)

Tue, 29 Sep 2026 05:15:37 -0400

Jefferies analyst James Wheatcroft reiterated a Buy rating and $180.00 price target on Flutter Entertainment (NYSE: FLUT).

The analyst comments "G2E takeaways support a constructive outlook - delivery is now key. Increased promo has accelerated FanDuel's relative handle growth. We now expect elevated promo spend to run throughout FY27E to reinforce FanDuel's leadership position ($100m US EBITDA investment; we now sit -6% / -4% below US / Group consensus for FY27E). At 8x EV/EBITDA, successful US execution is not priced in. Brazil's market shutdown does not materially affect estimates."

For an analyst ratings summary and ratings history on Flutter Entertainment click

Flutter Entertainment (FLUT) Reiterated at Market Outperform by Citizens

Mon, 28 Sep 2026 04:45:12 -0400

Citizens analyst Jordan Bender reiterated a Market Outperform rating and $145.00 price target on Flutter Entertainment (NYSE: FLUT).

The analyst commented, "We tracked odds and implied vig (operator pricing) across the Week 3 NFL slate for FanDuel (FLUT, MO, $145 PT), DraftKings (DKNG, MO, $35), and Kalshi, covering moneyline bets and over/under markets (30 data points). We tracked pre-game pricing on Friday (9/25) afternoon, with Kalshi essentially offering the same implied vig as FanDuel and 3% better odds than DraftKings across these games. FanDuel: Week 3 implied pricing was 4.37%, compared with its average this season of 4.41%."

For an analyst ratings

Flutter Entertainment (FLUT) call put ratio 1 call to 1.5 puts as share price down 2.4%

Mon, 21 Sep 2026 14:07:08 -0400

Flutter Entertainment (NYSE: FLUT) 30-day option implied volatility is at 49; compared to its 52-week range of 28 to 72. Call put ratio 1 call to 1.5 puts as share price down 2.4%.

Needham's NFL Week 2 Recap

Mon, 21 Sep 2026 10:14:54 -0400

Needham's NFL Week 2 Recap.

The analyst comments "Week 2 Hold Estimate: Overall, we estimate it was an in-line week for the sportsbooks with favorable results on Sunday, especially during the 1pm slate, outweighing the headwinds from Thursday.

Week 1 Recap: We thought Week 1 hold would be moderately below average for week 1 given game results and player props. NY hold of 2.85% was the 8th lowest week in the state's history, and the 3rd lowest during the NFL season. Shares of DKNG and FLUT sold off last Thursday when the NY data was released given the poor results, however, as

Needham's NFL Week 2 Recap

Mon, 21 Sep 2026 10:14:54 -0400

Needham's NFL Week 2 Recap.

Flutter Entertainment (FLUT) Reiterated at Market Outperform by Citizens

Mon, 21 Sep 2026 07:24:44 -0400

Citizens analyst Jordan Bender reiterated a Market Outperform rating and $145.00 price target on Flutter Entertainment (NYSE: FLUT).

The analyst commented, "We tracked odds and implied vig (operator pricing) across the Week 2 NFL slate for FanDuel, DraftKings and Kalshi, covering moneyline bets and over/under markets (30 data points). We also tracked pre-game pricing on Friday (9/18) afternoon, with Kalshi offering 5% lower implied vig than FanDuel and 6% lower than DraftKings across these games. We have now tracked pricing across the 2025 NFL season, March Madness and the World Cup for Kalshi, DraftKings and FanDuel. During the 2025 NFL season,

Rothschild Redburn Downgrades Flutter Entertainment (FLUT) to Neutral

Mon, 21 Sep 2026 02:43:47 -0400

Rothschild Redburn analyst Andrew Tam downgraded Flutter Entertainment (NYSE: FLUT) from Buy to Neutral with a price target of $119.00 (from $169.00).

The analyst comments: “We have been wrong on Flutter in 2026. Four consecutive cuts to guidance temper our enthusiasm. While we applaud management for its longer-term focus, 2026 is another ‘transitional year’. In the meantime, the revamped management team needs to demonstrate it can deliver against near-term promises before gun-shy investors will be willing to pay up for longer term ones. We expect FanDuel’s turnaround to take longer than expected, and therefore downgrade to Neutral (from Buy).

Mere months after

Rothschild Redburn Downgrades Flutter Entertainment (FLUT) to Neutral

Mon, 21 Sep 2026 02:43:47 -0400

Rothschild Redburn analyst Andrew Tam downgraded Flutter Entertainment (NYSE: FLUT) from Buy to Neutral with a price target of $119.00 (from $169.00).

Mere months after

Kalshi leads prediction market with 76% share in NFL week 1

Thu, 17 Sep 2026 12:29:38 -0400

Investing.com -- Needham reported that prediction market volume on sports and parlays reached $14.6 billion during week 1 of the NFL season, matching the total volume from the first 14 weeks of last NFL season.

Sports and parlays volume in week 1 was 29% higher than the World Cup highs, according to the firm's analysis of data from 8 exchanges. Needham said it is now tracking prediction markets broadly across exchanges, with data normalized for an NFL week from Tuesday to Monday.

Kalshi maintained its position as the market leader with 76% share of sports and parlays volume. Polymarket and DKeX followed