Canaccord Maintains Buy Rating on Flutter Entertainment (FLUT)

Flutter Entertainment plc (NYSE:FLUT) is one of the 12 best buy-the-dip stocks to buy according to Wall Street analysts. On March 2, Canaccord Genuity analyst Jason Tilchen decreased the firm’s price target on Flutter Entertainment plc (NYSE:FLUT) to $220 from $270. The analyst maintained his Buy rating on the stock, with a revised upside potential of more than 95%.

The reduction follows disappointing fourth-quarter revenue and profitability misses in both the U.S. and International segments. Analysts emphasized lower FanDuel engagement due to uncompetitive late-season NFL matchups and a prolonged stretch of sportsbook-friendly outcomes in the late fourth quarter and early 2026.

On January 30, Rothschild & Co Redburn decreased the firm’s price target on Flutter Entertainment plc (NYSE:FLUT) from $252 to $237, which still results in an impressive upside potential of over 110%. The firm maintained its Buy rating on the stock.

Rothschild & Co Redburn cited soft fourth-quarter state data and a revenue miss as reasons for the downward adjustment. The firm expects 2026 revenue growth to remain moderate, but anticipates the 2026 FIFA World Cup to offer support to online betting growth.

Flutter Entertainment plc (NYSE:FLUT) is an online sports betting and gaming company that operates internationally. Its iGaming portfolio includes blackjack, roulette, slot machines, poker, and rummy. It also offers sports betting brands such as BetFair, Paddy Power, Sky Betting, Sports Bet, and FanDuel.

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.