Analyst Jeffrey Stantial of Stifel Nicolaus maintained a Buy rating on Flutter Entertainment PLC (FLTR – Research Report), retaining the price target of $320.00.
Jeffrey Stantial has given his Buy rating due to a combination of factors that highlight Flutter Entertainment PLC’s promising outlook. The company’s guidance for fiscal year 2025 appears achievable, with expectations for both U.S. and Group Ex-U.S. segments showing potential for exceeding targets. Despite some concerns over recent tax proposals, the company’s market share momentum, evidenced by their Q4 results, supports a positive long-term thesis.
Additionally, the company’s potential inclusion in the S&P 500 index is a positive indicator for future performance. The management’s revenue and EBITDA guidance for 2025 suggests healthy growth, with significant contributions expected from both existing operations and new state expansions. These factors, combined with a strategic approach to managing costs and investments, underpin the Buy rating recommendation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $308.00 price target.