Flutter Entertainment price target lowered to $330 from $340 at Bernstein

Bernstein lowered the firm’s price target on Flutter Entertainment (FLUT) to $330 from $340 and keeps a Market Perform rating on the shares. The firm is expecting a relatively mild Q3 print for Flutter in early November, given it is likely to report trough revenue and EBITDA for the year and are unlikely to give even preliminary 2026 guidance. Near-term headwinds including unfavorable outcomes in the early weeks of NFL season should be buffered by solid volume growth, demonstrating minimal cannibalization from prediction markets, Bernstein adds.