Citizens JMP has revised its price target for Flutter Entertainment (FLUT, Financial), reducing it from $328 to $317, while maintaining an Outperform rating on the stock. The adjustment comes amidst a backdrop of various legislative, macroeconomic, and performance-related challenges impacting gaming sector valuations.
Despite these pressures, Citizens JMP remains optimistic about the growth potential of online gambling, suggesting it has the capacity to expand even during economic downturns. Flutter Entertainment stands out as the firm's preferred choice due to its prominent presence in the U.S. online gaming market, along with its strong foothold in multiple international markets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Flutter Entertainment PLC (FLUT, Financial) is $309.78 with a high estimate of $350.00 and a low estimate of $234.00. The average target implies an upside of 33.67% from the current price of $231.76. More detailed estimate data can be found on the Flutter Entertainment PLC (FLUT) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Flutter Entertainment PLC's (FLUT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Flutter Entertainment PLC (FLUT, Financial) in one year is $290.53, suggesting a upside of 25.36% from the current price of $231.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Flutter Entertainment PLC (FLUT) Summary page.
