Flutter Enjoys Continued Analyst Confidence

Flutter Entertainment enjoys continued analyst confidence despite the near-term uncertainty hanging over the US betting landscape. Most agree that the company’s scale, product mix, and adaptability will enable it to remain competitive amid rising challenges. Flutter’s stock has faced rising headwinds as investors are wary of slower handle growth and growing pressure tied to the emergence of prediction markets.

Sports Betting Handle Underperformed

J.P. Morgan analyst Estelle Weingrod examined Flutter’s stock at the end of January, remaining cautiously optimistic despite the company’s short-term challenges. Robust betting hold in November and December prompted her to raise fourth-quarter cash-flow expectations to $341 million, significantly surpassing broader market forecasts. The data confirms that Flutter remains adept at leveraging its existing customer base, rather than relying solely on aggressive growth.

Weingrod identified a decline in sports gambling during the closing months of 2025 caused by fewer standout NFL games. It is debatable whether the slowdown reflects temporary scheduling adjustments or signals a more fundamental shift in the sector. Despite her broader optimism, Weingrod has revised her longer-term handle forecast, adopting more cautious growth expectations through 2026.

​The iGaming sector remains Flutter’s strongest vertical. FanDuel’s online casino operations continue to outpace those of its competitors. This robust performance aligns with analysts’ views that Flutter’s diversified portfolio offers resilience when one vertical wavers. The steady engagement and margins of casino products set a stable foundation, offsetting the volatility of sports wagering.

Long-Term Forecasts Remain Robust

​Flutter’s international operations also represent a mix of opportunities and challenges. The company maintains its ability to generate high cash flow from international markets despite facing regulatory headwinds in the UK and operational difficulties in Brazil. The Italian market remains stable, while even marginal improvements in foreign jurisdictions can be significant for a group of Flutter’s size.

​The gambling giant’s cautious entry into prediction markets has also drawn attention. FanDuel recently launched FanDuel Predicts in partnership with CME Group, hedging its bets against potential competition. Experts note that sportsbooks and event contracts can largely avoid cannibalization. This move likely aims to keep Flutter’s options available should regulators open the door further.​

Looking ahead, Weingrod reduced her revenue and cash-flow forecasts by 10% due to lower handle growth. However, even these tempered expectations imply robust cash generation and a leading market position. Flutter’s scale, technology, and brand recognition give it operational advantages that smaller rivals often lack.