Stifel reiterates Buy on Flutter Entertainment stock at $133

Investing.com reports that Stifel has reaffirmed its Buy rating and $133 price target for Flutter Entertainment shares. The analyst maintains a significant upside potential from the current trading price of $76.63, which is near its 52-week low. Stifel's Fair Value analysis suggests further upside potential beyond the $133 target.

The firm cites management's optimism regarding the UK market following the April 1, 2026 iCasino tax increase and OSB hike. Sky Bet's stabilization after its UKI platform migration is noted, with market share growth similar to Paddy Power's post-migration in 2018. Flutter believes the Snai product now matches Sisal's performance following its platform migration, with OSB handle and GGR market share up 2% and 3% respectively over two years.

The company is considering a bid for the Italian S&W contract as a cross-sell opportunity, though not expecting significant capital commitment due to better return opportunities elsewhere. Stifel's Jeff Stantial retains the Buy rating and $133 price target. Investors seeking more insights can access 11 additional ProTips from InvestingPro, covering aspects like Flutter's growth trajectory and financial health.

Recently, Flutter has been the focus of various analyst reports, including a Buy rating with a $180 price target from Jefferies, citing positive insights from the G2E conference and increased promotional efforts by FanDuel. Citizens maintained an Outperform rating with a $145 target after analyzing NFL pricing data. Rothschild Redburn downgraded Flutter to Neutral, reducing the price target to $119 due to multiple 2026 guidance cuts, driven by FanDuel's midpoint EBITDA guidance reduction of 22%.

Needham reviewed NFL Week 2 performance for sportsbooks, noting in-line results with favorable Sunday outcomes. These developments illustrate the diverse perspectives on Flutter Entertainment's performance.