Wedbush Reiterates Buy Rating for Flutter Entertainment

Wedbush has reiterated its buy rating for Flutter Entertainment plc (NYSE:FLUT) on June 16, 2026. The firm set a price target of $138, suggesting confidence in the company's potential upside from its current trading price of $108.98.

Analysts Set New Price Targets

On June 16, 2026, Wedbush reiterated its buy rating for Flutter Entertainment with a price target of $138. Other analysts have also shown interest in the stock. On June 12, 2026, Wells Fargo maintained a hold rating with a $168 target, while Barclays kept its buy rating with a $150 target on May 8, 2026. The consensus among analysts is a buy, with an average target price of $162.72 based on 25 opinions.

Other Institutional Activity in Flutter Entertainment

Several institutional investors have been active in Flutter Entertainment. Parvus Asset Management Jersey Ltd increased its holdings by 2,619,855 shares, ending with 11,615,148 shares valued at approximately $1.18 billion. BlackRock, Inc. added 45,396 shares, bringing its total to 9,411,425 shares worth about $959.5 million. Meanwhile, Capital World Investors reduced its stake by 1,883,677 shares, leaving it with 8,742,466 shares valued at $891.2 million.

Flutter Entertainment Stock Snapshot

Shares of Flutter Entertainment (NYSE:FLUT) are trading near $108.98. The company has a market capitalization of approximately $18.9 billion and a forward P/E ratio of 12.14, indicating investor expectations for future earnings. The stock's beta is 1.105, reflecting moderate volatility. Over the past year, the shares have ranged from a low of $91.52 to a high of $313.69. The 50-day moving average is $103.40, and the 200-day moving average is $175.77.

Recent Earnings

Flutter Entertainment reported revenue of about $17.02 billion, with a growth rate of 17.4%. However, the company is currently not profitable, reflected in a negative net margin of -2.2% and a return on equity of -4.96%. The next earnings report is scheduled for August 6, 2026.

Insider Buying and Selling at Flutter Entertainment plc

Recent insider activity at Flutter Entertainment includes significant purchases by Kenneth Bryan Dart, who bought 50,000 shares at an average price of $99.94 on June 5, 2026, and 94,616 shares at $99.96 on June 3, 2026. Other insiders, including John Bryant, Nancy Cruickshank, Christine McCarthy, and Nancy Dubuc, also made purchases in early June.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company headquartered in New York, NY. It operates in various countries, including the United States, the United Kingdom, and Australia. The company offers a range of products, such as sportsbooks, iGaming, and lottery products, under brands like FanDuel, Betfair, and PokerStars. Led by CEO Jeremy Peter Jackson, Flutter employs over 28,500 people.

Bottom Line

Wedbush's reiterated buy rating and $138 price target for Flutter Entertainment highlight continued analyst confidence in the company's prospects. Investors are keeping a close eye on institutional and insider activities as well as upcoming earnings. As always, remember that analyst reports and 13F filings reflect past actions and may not indicate future performance.