Canaccord Genuity Lifts Flutter (FLUT) Target After Strong Q2

Flutter Entertainment plc (NYSE:FLUT) is one of the best stocks to invest in for long-term growth. On August 8, Canaccord Genuity maintained its Buy rating on Flutter Entertainment plc (NYSE:FLUT), while increasing the price target from $330 to $340. That is an implied upside of 13.6% from the current price of $299.24.

The firm cited strong Q2 results for the increase in the price target. The online betting and gaming company generated revenue of $4.19 billion in Q2 of 2025, a solid 16.06% year-over-year growth, while beating analysts’ estimates of $4.13 billion. The company also beat bottom-line estimates, with EPS coming in at $2.95 per share, a 31.5% earnings surprise.

The company saw strong momentum in its US operations with iGaming, its online gambling platform seeing a 42% year-over-year surge. The company is gaining significant market share in the US in both its betting and gaming segments. The company’s Fan Club Rewards Club, a loyalty program that rewards players for their engagement, was launched in April 2025 and has played a big role in the growth.

While we acknowledge the potential of FLUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.