Flutter Entertainment (FLUT) Price Target Cut by UBS Amid Slower US Online Sports Betting Growth

Flutter Entertainment plc (NYSE:FLUT) ranks among the best stocks to buy now for long-term growth. UBS reduced Flutter Entertainment plc (NYSE:FLUT)’s price target to $300 from $320 on February 10, retaining a Buy rating for the stock. The drop comes as UBS notes that Flutter’s equity outlook is being challenged by updated US online sports betting figures, which show a substantial decrease in overall growth compared to previous projections.

Despite these hurdles, UBS stated that Flutter Entertainment plc (NYSE:FLUT) retains a strong global competitive edge, with the largest market share in most key regulated online gaming areas, and that the company’s long-term fundamental potential remains enormous.

Meanwhile, Citizens reduced its price target for Flutter Entertainment plc (NYSE:FLUT) to $275 from $313 on January 22. Citizens criticized Flutter management’s “uncharacteristically bad performance” in December, despite their history as “top-notch” managers over the years of service.

According to state reporting data, Flutter Entertainment plc (NYSE:FLUT) had “fairly decent gaming margins” in November and December, though these were insufficient to compensate for October’s disappointing results.

Flutter Entertainment plc (NYSE:FLUT) operates as a sports betting and gaming company. It offers sportsbooks, iGaming products such as blackjack, roulette, slot machines, poker, and rummy, as well as lottery products, and sports betting products.

While we acknowledge the potential of FLUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.