Flutter Entertainment (FLUT) PT Lowered to $300 by UBS Due to US Online Sports Betting Slowdown

Core Viewpoint - Flutter Entertainment is currently viewed as a stock with significant upside potential, despite recent price target reductions by analysts due to a slowdown in US online sports betting growth [1][2]. Group 1: Analyst Ratings and Price Targets - UBS has lowered its price target for Flutter Entertainment from $320 to $300 while maintaining a Buy rating, citing pressure on the company's equity story due to a slowdown in US online sports betting [1]. - Bernstein analyst Ian Moore has also reduced the price target for Flutter from $225 to $170, keeping a Market Perform rating ahead of the company's quarterly results [3]. Group 2: Financial Forecasts and Market Position - The recent trends have led UBS to adjust its forecasts for Flutter's performance in 2026 and 2027 to slightly below consensus expectations, indicating anticipated share volatility until US performance becomes clearer [2]. - Despite the challenges, Flutter maintains a leading global position in the sports betting and gaming industry, with strong long-term structural tailwinds [2].