Flutter Entertainment Shares Price Decline Continues But These Analysts Remain Bullish: Here’s Why

Flutter Entertainment (LON: FLTR) (NYSE: FLUT) shares have continued to slide, with the company’s U.S.-listed stock down 7.4 percent over the past week, 10.5 percent in the last month and more than 23 percent across the past year at $199.85. 

The London-listed shares show a similar pattern, falling 28.3 percent over 12 months to 15,080p.

Despite the pullback, several analysts remain positive on the long-term outlook. 

Truist this week lowered its price target to $260 from $280 but reiterated a Buy rating, arguing that 2025’s pressures on gaming stocks were driven more by macro concerns and uncertainty around sports prediction markets than by company fundamentals. 

The firm expects digital gaming to remain a growth area next year and said improved visibility around prediction products could help sentiment.

Texas Capital also started coverage with a Buy rating and a $294 price target. The firm attributes Flutter’s valuation drop partly to disruption in U.S. prediction markets but argues these products could “ultimately” expand the regulated sports betting market. 

Analysts highlighted Flutter’s diversification across markets and its global scale, saying these factors provide protection against jurisdiction-specific regulatory or tax changes while strengthening its position in high-growth international regions.

Not all brokers remain bullish. Wells Fargo recently downgraded the shares to Equal Weight from Overweight and cut its price target to $228 from $248. The firm still expects strong long-term digital growth but favours DraftKings in the near term, citing softer handle growth and higher promotional spending at Flutter.

Even so, the majority of analysts covering the stock remain bullish, with TradingView data showing that 32 of 37 have a Buy rating, while 5 have a Hold rating.