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UBS analyst Ben Shelley has reaffirmed a Buy rating for Flutter Entertainment, maintaining a price target of $335, despite an 11% stock decline from its February high. The company reported strong guidance for U.S. operations, projecting significant revenue growth and an ambitious EBITDA target of $2.4 billion by 2027. Flutter's recent earnings surpassed expectations, driven by robust performance in its U.S. segment, particularly with FanDuel, which commands a 43% market share in gross gaming revenue.
UBS has reiterated a Buy rating for Flutter Entertainment shares, maintaining a price target of $335, despite an 11% decline from its February high. The company reported strong fourth-quarter results, with adjusted earnings per share of $2.94, significantly surpassing expectations, and projected robust growth in its US operations, particularly through FanDuel. Flutter anticipates revenue of $15.48 billion to $16.38 billion for 2025, driven by a 19.9% revenue growth over the past year and a strong market position.
Until 2018, sports betting was only legal in Nevada, but now approximately 40% of Americans engage in wagering on various sports outcomes. This surge in popularity has transformed the landscape of sports betting in the U.S., prompting discussions among industry experts.
Peter Jackson
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ubs maintains buy rating for flutter entertainment with strong guidance and growth
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07:06 05.03.2025
ubs maintains buy rating for flutter entertainment with strong us growth forecast
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07:02 05.03.2025
The Rise of Sports Betting in America Since 2018
18:12 05.12.2024
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