Flutter Entertainment falls after UBS halves price target

Flutter Entertainment

25/03/2026 15:50

** U.S.-listed shares of sports betting platform Flutter Entertainment FLUT.K fall 1.57% to $106

** UBS cuts PT on FLUT to $160 from $300, which is still a 48.3% upside to the stock's last close

** Brokerage cites reduced earnings forecasts and a more conservative view on the company’s international business

** UBS sees three pillars as essential for rebuilding Flutter's equity story which include earnings stability, meaningful profit growth in 2027 and  balance sheet repair and return of capital

** 21 of 26 analysts rate stock "strong buy" or "buy" and 5 "hold"; their median PT is $200 - data compiled by LSEG

** Including session's move, stock down 51% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))