Flutter Entertainment price target raised to $300 from $255 at Oppenheimer

Oppenheimer raised the firm’s price target on Flutter Entertainment to $300 from $255 and keeps an Outperform rating on the shares following an upbeat Investor Day with management introducing a 2027 U.S. segment EBITDA target of $2.4B, product roadmap to achieving 16% U.S. structural hold, and establishing a $5B buyback, that all-in bolsters the “Core Holding” thesis. The firm sees 2025 U.S. segment guidance implying 40%-45% incremental margins and reflecting a rational U.S. market, with a caveat to increase spend if LTV/CACs become more attractive.