FLUT Stock Forecast & Price Target

Flutter Entertainment demonstrates a strong growth outlook, with expectations of sustained top-line growth between 10-20% over the next several years, driven by sportsbook share capture and improved iGaming trajectories. The company anticipates significant expansions in EBITDA, projecting increases of 20-30% or more, supported by a more efficient cost structure and improved performance from its leading brand, FanDuel. Additionally, positive trends in net-win margins and ongoing investments in predictive markets position Flutter favorably to capitalize on legislative changes and enhance its market presence, particularly within the fast-growing US segment.

Flutter Entertainment has faced significant downward revisions in its revenue and EBITDA estimates, with 4Q25 projected revenue and EBITDA lowered by 4% to $4.7 billion and 9% to $873 million, respectively, due to underperformance in U.S. net gaming revenue and adverse outcomes in international sports. The company is experiencing a slower exit rate for 4Q25, indicating potential deceleration or negative growth, which raises concerns for earnings projections in 2026 and 2027 amidst an increasingly competitive landscape. Furthermore, promotional strategies have proven ineffective, leading to increased player churn and a negative impact on active user metrics, exacerbating existing issues within its core business segments.