BTIG Maintains 'Buy' Rating on Flutter Entertainment plc (FLUT); Raises PT

Billionaire Kerr Neilson has bought over $8 million worth of shares in Flutter Entertainment plc (NYSE:FLUT), representing 0.48% of his stock portfolio, securing the company a spot in Billionaire Kerr Neilson’s 10 Stock Picks with Huge Upside Potential.

BTIG increased its price target on Flutter Entertainment plc (NYSE:FLUT) from $284 to $302 on July 7, 2025, maintaining a ‘Buy’ rating. The revision follows the updated U.S. and Italy performance data, favorable tax adjustments, and successful platform integration after recent acquisitions in Brazil and Italy. The company expects $220 million in additional revenues in 2025 through its acquisition of a 56% stake in NSX Group in Brazil. Meanwhile, the acquisition of Snaitech S.p.A. is expected to increase the company’s market share in Italy to around 30%, also resulting in cost synergies of at least $81 million.

Flutter Entertainment plc (NYSE:FLUT) reported a year-over-year (YoY ) increase of 289% in its net income and 20% adjusted EBITDA growth in Q1 2025. Meanwhile, its sportsbook revenue increased by 15% and iGaming grew 32% despite softer March Madness outcomes.

Flutter Entertainment plc (NYSE:FLUT) runs a global betting and gaming business with brands like FanDuel, Betfair, PokerStars, and Sportsbet. The company operates across the U.S. and the UK, while also serving European and Asian markets.

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