Adrien Hilaire, an analyst from Bank of America Securities, reiterated the Buy rating on Flutter Entertainment PLC (FLTR – Research Report). The associated price target remains the same with $310.00.
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Adrien Hilaire has given his Buy rating due to a combination of factors surrounding Flutter Entertainment PLC’s performance and market conditions. Despite the negative news of increased taxes in New Jersey, Hilaire believes the impact on Flutter’s financials will be less severe than the market’s reaction suggests. The firm is buoyed by strong first-quarter data for 2025 and positive profitability comments from industry peers such as DraftKings, BetMGM, and Caesars, which supports the expectation that Flutter will reaffirm its 2025 US guidance.
Moreover, Flutter’s FanDuel brand is showing resilience in the online sports betting sector, with impressive growth in iGaming. Although there are challenges in the legislative landscape for online sports betting and iGaming, Flutter’s market share and growth in key areas remain robust. The company’s inclusion in the “25 stocks for 2025” and its position in the Europe 1 list of top ideas further solidify the Buy recommendation, reflecting confidence in its long-term potential despite short-term regulatory headwinds.