Needham & Company LLC Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $110.00

Posted by Francis Steltz on Aug 6th, 2026

Flutter Entertainment (NYSE:FLUT – Get Free Report) had its price target lowered by investment analysts at Needham & Company LLC from $135.00 to $110.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 18.33% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. BTIG Research cut their target price on shares of Flutter Entertainment from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday. Citizens Jmp reduced their target price on Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. Moffett Nathanson cut Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 target price on the stock. in a report on Friday, April 24th. Truist Financial set a $120.00 price target on Flutter Entertainment in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on Flutter Entertainment from $170.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.39.

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Flutter Entertainment Stock Down 11.4%

Flutter Entertainment stock opened at $92.96 on Thursday. Flutter Entertainment has a fifty-two week low of $89.71 and a fifty-two week high of $313.68. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of -43.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. The stock’s fifty day moving average is $104.63 and its two-hundred day moving average is $114.33. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90.

Flutter Entertainment (NYSE:FLUT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.Flutter Entertainment’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Analysts predict that Flutter Entertainment will post 4.72 EPS for the current fiscal year.

Insider Activity

In other Flutter Entertainment news, CEO Jeremy Peter Jackson sold 3,084 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $98.13, for a total value of $302,632.92. Following the transaction, the chief executive officer owned 74,326 shares of the company’s stock, valued at $7,293,610.38. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Carolan Lennon sold 439 shares of Flutter Entertainment stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $94.63, for a total value of $41,542.57. Following the completion of the transaction, the director owned 1,688 shares of the company’s stock, valued at approximately $159,735.44. The trade was a 20.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have acquired 10,453 shares of company stock valued at $1,045,526 and have sold 5,994 shares valued at $577,293. Insiders own 0.13% of the company’s stock.

Institutional Trading of Flutter Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT grew its stake in shares of Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG acquired a new position in Flutter Entertainment during the 4th quarter valued at about $36,000. IFP Advisors Inc raised its position in shares of Flutter Entertainment by 93.8% during the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after buying an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares during the period. Finally, LM Advisors LLC acquired a new stake in Flutter Entertainment in the fourth quarter worth approximately $46,000.

Flutter Entertainment News Summary

Here are the key news stories impacting Flutter Entertainment this week:

Positive Sentiment: Second-quarter revenue increased 3.3% year over year to $4.33 billion, exceeding analyst expectations of approximately $4.24 billion. The result indicates continued top-line growth despite pressure in the company’s U.S. operations. Flutter Entertainment Announces Q2 2026 Financial Results
Positive Sentiment: BTIG maintained a “buy” rating, although it reduced its price target from $120 to $113, implying substantial potential upside based on the referenced trading level. BTIG price-target update
Neutral Sentiment: Dan Taylor, currently a Flutter executive, will become group CEO on October 1, 2026. Peter Jackson will leave the CEO role and Flutter’s board on September 30 after roughly nine years leading the company. Taylor’s familiarity with the business may provide continuity, but investors will assess whether he can improve U.S. sports-betting performance. Flutter Board announces CEO transition
Negative Sentiment: Adjusted earnings per share came in at $0.49, below the approximately $0.54 consensus estimate and sharply below $2.95 a year earlier. The earnings shortfall, along with reports that the company swung to a loss, weighed heavily on sentiment. Flutter Entertainment Q2 Earnings Lag Estimates
Negative Sentiment: Flutter lowered its 2026 profit outlook again and issued revenue guidance of $17.4 billion to $18.4 billion, with the midpoint below the roughly $18.3 billion analyst expectation. Management cited continued weakness in the U.S. sports-betting business, increasing concerns about near-term growth and profitability. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters

About Flutter Entertainment

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Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.