Jefferies Equity Research analyst James Wheatcroft placed a “Buy” rating on FanDuel parent Flutter Entertainment in a 29 April investor note.
Wheatcroft gave Flutter a price target of US$210 per share. That was a 93% premium to the stock’s current price. Flutter shares were trading at US$109.09 apiece at the time of Wheatcroft’s dispatch. He also raised his revenue estimates for 2027 by 1%.
The analyst attributed negative market sentiment on Flutter to the cost of launching in Arkansas, as well as unfavorable sports numbers in the United Kingdom, Italy and Brazil. “While 1Q headlines are unlikely to excite, we continue to see an appealing set-up,” he wrote.
