
FLUT Stock Forecast & Price Target
FLUT Analyst Ratings
Bulls say
Flutter Entertainment is projecting a revenue range of $8.2 billion to $8.3 billion for 2024, with strong quarterly performance evidenced by a 14% year-over-year increase in Q4 revenue, reaching $3.79 billion. The company's UK and Ireland segment experienced a notable 20% revenue growth, driven by heightened sportsbook and iGaming activity, while AEBITDA increased by 17%. Additionally, the international segment posted a 20% revenue surge, bolstered by growth in key markets such as Italy, India, and Turkey, further underlining Flutter's robust market position and operational momentum.
Bears say
Flutter Entertainment has reported a decline in revenue from Australia, specifically an 8% year-over-year decrease to $346 million, which is attributed to unfavorable market trends and poor racing performance. Additionally, the company is facing challenges with its Ex-US revenue and adjusted EBITDA being lowered by 3% and 4%, respectively, due to foreign exchange impacts and difficult year-over-year comparisons. Furthermore, projected new market entries in Missouri and Alberta are expected to impose a $40 million revenue drag and a $90 million adjusted EBITDA loss, further complicating Flutter's financial outlook.
This aggregate rating is based on analysts' research of Flutter Entertainment PLC and is not a guaranteed prediction by Public.com or investment advice.
FLUT Analyst Forecast & Price Prediction
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