Oppenheimer Maintains a Buy on Flutter Entertainment (FLUT)

Core Viewpoint - Flutter Entertainment plc (NYSE:FLUT) is identified as a promising investment opportunity despite recent adjustments in price targets by analysts, reflecting a bullish sentiment from Wall Street with significant upside potential [1][3]. Group 1: Analyst Ratings and Price Targets - Jed Kelly from Oppenheimer reiterated a Buy rating on Flutter Entertainment but lowered the price target from $320 to $280 [1]. - Jordan Bender from Citizens JPM also maintained a Buy rating while reducing the price target from $313 to $275 [1]. Group 2: Performance Insights - Analysts at Citizens noted that the reduced price target is based on the company's performance in December 2025, which was deemed disappointing despite a history of strong operations [2]. - The company reported decent gaming margins in November and December 2025, but these did not compensate for poor results in October [2]. - The same store's handle in December fell to low double digits, indicating a decline in performance [2]. Group 3: Market Sentiment - Overall, Wall Street maintains a bullish sentiment on Flutter Entertainment, with analysts projecting a 12-month price target that suggests more than 67% upside from the current level [3]. - Flutter operates as a leading online sports betting and iGaming company, with a global customer base through brands like Paddy Power, Betfair, PokerStars, and Sportsbet [3].