Flutter Entertainment draws cautious new coverage, shares under pressure after steep year-to-date loss

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 10:45.

Flutter Entertainment (IE00BWT6H894) sits in focus on the NYSE on Tuesday as a new research house initiates coverage of the US-listed shares. Freedom Capital starts on the gambling group with a Hold rating and a $105 price target, according to a Stocktwits markets report. Stocktwits market commentary on FLUT

What the new analyst says

The Freedom Capital note takes a cautious line on Flutter Entertainment, arguing that the company’s “next growth engine” could turn into a headwind if regulatory and competitive risks intensify in core online betting markets. Stocktwits summary of the Freedom Capital rating The $105 target implies moderate upside from current NYSE levels but underlines the broker’s Hold stance.

Flutter Entertainment, whose shares trade on the NYSE under the ticker FLUT alongside a London listing, has seen sentiment weaken in 2026 amid slower growth expectations and more intense competition from peers such as DraftKings and Entain in online sports betting. Davy price data for Flutter Entertainment The cautious tone from Freedom Capital adds to a mixed analyst picture after earlier, more positive coverage from other Wall Street firms in recent weeks. Intellectia summary of Wedbush Outperform rating

Consensus remains broadly constructive

Despite the new Hold, the broader analyst consensus on Flutter Entertainment remains clearly positive. According to an aggregation cited by Intellectia, 23 of 26 analysts rate the shares Buy, three are at Hold and none at Sell, with the overall stance described as Strong Buy. Intellectia consensus breakdown for FLUT

That consensus sits against a markedly weaker share performance in 2026. The same Stocktwits report notes that Flutter Entertainment shares have declined by more than 60 percent year-to-date, reflecting investor worries about slower growth, regulatory risks and strategic execution in the key US and international betting markets. Stocktwits performance overview for FLUT

How Flutter earns its money

Flutter Entertainment generates the bulk of its revenue from online sports betting and iGaming under brands such as FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, and PokerStars in international markets. Flutter corporate overview of brands The group operates regulated digital platforms offering sports wagers, online casino games and poker, with additional income from media partnerships and customer loyalty programs.

Where the shares trade today

The Flutter Entertainment shares (IE00BWT6H894) last traded on the NYSE under the symbol FLUT at 97.44 US dollars as of 2026-06-23, 06:51, based on Davy’s delayed price data. Davy quote for Flutter Entertainment

This article is for informational purposes only and does not constitute investment advice, an offer or a solicitation to buy or sell any securities. Historical performance is not a reliable indicator of future results.