Analyst Daniel Politzer from Wells Fargo maintained a Buy rating on Flutter Entertainment PLC (FLTR – Research Report) and increased the price target to $300.00 from $285.00.
Daniel Politzer has given his Buy rating due to a combination of factors including Flutter Entertainment PLC’s solid financial outlook for FY25. The company’s guidance for the U.S. market shows promising growth, with a significant increase in EBITDA and revenue, driven by lower costs and a rebound in handle growth. This positive trend is further supported by the stabilization of international markets, such as Australia, and the anticipated closure of the Snai/NSX deal, which is expected to enhance the company’s performance.
Additionally, Flutter’s strategic approach to capital returns and its ability to navigate regulatory challenges contribute to its robust position in the market. The company’s valuation is supported by a strong flow-through rate and a favorable comparison to industry peers. These factors, combined with the expected growth in digital gaming, underpin Politzer’s confidence in Flutter’s potential, justifying the Buy rating and the increased price target of $300.
Politzer covers the Consumer Cyclical sector, focusing on stocks such as Churchill Downs, Wyndham Hotels & Resorts, and DraftKings. According to TipRanks, Politzer has an average return of 8.1% and a 52.32% success rate on recommended stocks.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $328.00 price target.