
FLUT Stock Forecast & Price Target
FLUT Analyst Ratings
Bulls say
Flutter Entertainment is positioned for growth, projecting 2024 revenue between $8.2 billion and $8.3 billion, reflecting a 6% year-over-year increase, bolstered by a strong fourth quarter performance. The company reported a substantial 14% increase in Q4 revenue to $3.79 billion, with significant contributions from its UK and Ireland markets, where revenue surged 20% and adjusted EBITDA climbed 17%. Additionally, Flutter's average monthly users rose by 13% year-over-year to 14.6 million, while notable growth in its international segment, particularly in Italy, India, and Turkey, further underscores its expanding market presence and potential for continued revenue enhancement.
Bears say
Flutter Entertainment has experienced a year-over-year revenue decline of 8% in Australia, amounting to $346 million, primarily due to market trends and reduced racing performance. The company anticipates a decrease in Ex-US Revenue and Adjusted EBITDA by 3% and 4% respectively, driven by foreign exchange pressures and unfavorable year-over-year comparisons. Additionally, new market entries in Missouri and Alberta are projected to negatively impact revenue by $40 million and adjusted EBITDA by $90 million, further contributing to a challenging financial outlook for the company.
This aggregate rating is based on analysts' research of Flutter Entertainment PLC and is not a guaranteed prediction by Public.com or investment advice.
FLUT Analyst Forecast & Price Prediction
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