Flutter Entertainment Shares Soar 1.14% on FanDuel Acquisition

Flutter Entertainment (FLUT) shares surged 1.14% today, marking the fourth consecutive day of gains and a 3.04% increase over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 2.15%.

Flutter Entertainment (FLUT) is poised for a potential upside following the achievement of a new high stock price. Analyzing the stock's performance over the next 1 week, 1 month, and 3 months reveals a bullish outlook, supported by several key factors:

Technical Momentum: Given that FLUT has already achieved a new high, it is likely to experience continued upward momentum in the short to medium term. Historical price patterns following new highs often exhibit a continuation of the bullish trend.

Market Sentiment: The recent news surrounding FLUT, such as the secure ownership of FanDuel and the extension of strategic partnerships, indicate strong investor confidence. This sentiment is likely to translate into continued positive pressure on the stock price.

Analyst Ratings and Price Targets: Both Jefferies and UBS have recently reiterated their Buy ratings on FLUT, with price targets of $380 and $340, respectively. These targets suggest that analysts believe the stock has further room to grow from its current high.

Financial Health and Growth Prospects: Flutter's strong financial health and projected growth rates for revenue and EBITDA suggest a solid fundamental basis for the stock's high and potential future gains.

Short-Term Events: The company's second-quarter results, expected to exceed analyst expectations, could act as a catalyst for further price appreciation. Additionally, the potential impact of tax measures on the sports betting industry may not as significantly affect Flutter as Cramer suggests, providing an added layer of confidence in the stock's stability.

In conclusion, the combination of technical momentum, positive market sentiment, analyst support, strong financials, and upcoming catalysts strongly suggests that FLUT could experience continued upward movement over the next 1 week, 1 month, and 3 months following the achievement of a new high. Investors may find favorable entry or holding opportunities within this bullish trajectory.

Flutter Entertainment has secured full ownership of FanDuel by acquiring Boyd Gaming's 5% stake for approximately $1.755 billion. This acquisition is expected to close in the third quarter of 2025 and is anticipated to positively impact Flutter's financial performance and market position.

BTIG has raised its price target for Flutter Entertainment to $302, citing updated estimates due to recent data from the U.S. and Italy, changes in U.S. tax rates, as well as challenges related to UK events and platform transitions. This adjustment reflects optimism and a positive outlook for Flutter's stock.

Flutter reported significant growth in Q1 2025, with net income increasing by 289% year-over-year and adjusted EBITDA growing by 20%. The company's U.S. revenue grew by 18%, and its iGaming segment saw a 32% increase in the U.S. These positive financial results contribute to a favorable view of Flutter’s stock.

The acquisition of SNAI in Italy is expected to enhance Flutter's scale and realize operational and financial benefits quickly. Additionally, strong performances in SEA and India have contributed to international revenue growth, positively influencing Flutter's market potential.

Flutter's proprietary pricing capability is driving market-leading sportsbook products, with a structural gross revenue margin progression reaching 14.1% in the quarter. Despite challenges in sports betting performance, the company has seen substantial growth in its sportsbook and iGaming operations.