Flutter Entertainment price target raised to $328 from $311 at Citizens JMP

Citizens JMP analyst Jordan Bender raised the firm’s price target on Flutter Entertainment (FLUT) to $328 from $311 and keeps an Outperform rating on the shares following the Q4 earnings report, in which it reported revenue 1% above consensus and in-line EBITDA. In a tough quarter for the U.S. business, Flutter increased market share for both iGaming and sports betting, and early 1Q25 results imply further market share gains across both business segments, the analyst tells investors in a research note. The broader theme for Flutter remains earnings power, not just in 2025 but in 2026 and beyond, on a path toward its investor day targets, the firm says. Citizens views the ex.-U.S. business as cheap given its size and scale over peers.