Flutter stock price target cut at Susquehanna on sport trends By Investing.com
On Wednesday, Susquehanna maintained a Positive rating on shares of Flutter Entertainment (NYSE:FLUT), a $43.8 billion market cap gaming company, but reduced its price target from $322.00 to $317.00. According to InvestingPro data, analysts maintain a strong buy consensus with targets ranging from $250 to $367.
The adjustment comes after Flutter pre-released information the previous night, indicating less favorable NFL sports hold trends, particularly in December. Susquehanna’s Joseph Stauff noted the impact of these trends on the company’s fourth-quarter estimates for FanDuel, Flutter’s U.S. business segment.
Flutter’s FTSE-listed shares fell by 2.4% this morning, suggesting that if FanDuel were a standalone entity, its shares might…
