The initiation adds a new bullish call with a conservative PT, but the large insider buying provides strong confirmation. Traders can consider a long position with a stop below $105, given the negative EPS revision trend and high short interest that could fuel a squeeze.
Price Chart
Executive Summary
Wedbush initiated coverage on Flutter Entertainment plc (FLUT) at Outperform with a $138 price target, representing 24.7% upside from the current $110.65. The firm has a 57% accuracy rate on 1,604 calls with a 7.2% average return, placing it above average among covering analysts. The consensus is heavily bullish: 77% Buy/Strong Buy (24 of 31 analysts), 23% Hold, and no Sell ratings. The mean price target is $162.72 (median $160), implying 47% upside, while the high/low range spans $341 to $80. Wedbush's $138 target is below the consensus mean, reflecting a more conservative stance. Momentum is mixed: one upgrade in 30 days but EPS estimates are being revised lower (14 down vs 2 up for the current fiscal year). Large insider buying of ~$14.5M by director Kenneth Bryan Dart on June 3-5 strongly aligns with the bullish initiation, while short interest sits at 60.1%, suggesting potential squeeze dynamics. The bottom line: a new bullish call with conservative PT, confirmed by insider accumulation, but offset by deteriorating earnings estimates.
Impact Score
Consensus & Targets
The consensus breakdown: 7 Strong Buy, 17 Buy, 7 Hold, 0 Sell, 0 Strong Sell — totaling 31 analysts. That is 77% Buy/Strong Buy, 23% Hold, 0% Sell. The direction is strongly bullish.
Current price: $110.65. Mean target: $162.72, median: $160, high: $341, low: $80. Implied upside to the mean is 47%. Wedbush's $138 target sits 15% below the mean and 14% below the median, making it one of the more conservative bullish targets.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-06-16 | Wedbush | initiate | Outperform | $138.00 |
| 2026-06-12 | Wells Fargo | maintain | Equal-Weight | $168.00 |
| 2026-05-08 | Barclays | maintain | Overweight | $150.00 |
| 2026-05-08 | Wells Fargo | maintain | Equal-Weight | $161.00 |
| 2026-05-07 | Citizens | maintain | Market Outperform | $165.00 |
| 2026-05-07 | Truist Securities | maintain | Buy | $130.00 |
| 2026-05-07 | Benchmark | maintain | Buy | $132.00 |
| 2026-05-07 | Macquarie | maintain | Outperform | $190.00 |
| 2026-05-07 | Bernstein | maintain | Market Perform | $115.00 |
| 2026-05-07 | Needham | maintain | Buy | $135.00 |
In the last 30 days, there has been 1 upgrade (this initiation) and 0 downgrades. EPS revisions are negative: for the current fiscal year, 14 downward revisions vs 2 upward in 30 days; for next year, 6 down vs 1 up. Estimates are being revised lower across the board.
Firm Track Record — Wedbush
Wedbush accuracy: 57% on 1604 calls | avg return: 7.2%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Craig-Hallum | 100% | 2/2 | 6.3% | top tier |
| Susquehanna | 67% | 4/6 | 4.7% | top tier |
| Oppenheimer | 67% | 4/6 | 2.6% | top tier |
| JMP Securities | 57% | 8/14 | 3.3% | above average |
| Needham | 56% | 5/9 | -3.8% | above average |
| B of A Securities | 50% | 1/2 | -23.6% | below average |
| Barclays | 50% | 5/10 | -4.7% | below average |
| Benchmark | 50% | 6/12 | -0.7% | below average |
| MoffettNathanson | 50% | 1/2 | -2.2% | below average |
| Morgan Stanley | 50% | 1/2 | -10.5% | below average |
Wedbush has a 57% accuracy rate on 1,604 scored calls with a 7.2% average return, ranking above average among firms covering FLUT. The best-performing firm is Craig-Hallum (100% on 2 calls), followed by Susquehanna and Oppenheimer (both 67% on 6 calls). The worst is Stifel (17% on 6 calls) and Macquarie (25% on 4 calls).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0y | $5.76 | $4.63 — $7.55 | $18.3B | ↑0 ↓0 |
| 0q | $0.50 | $0.04 — $0.98 | $4.3B | ↑0 ↓0 |
| +1y | $3.78 | $1.85 — $9.85 | $20.0B | ↑0 ↓0 |
| +1q | $0.73 | $-0.16 — $1.72 | $4.3B | ↑2 ↓0 |
Cross-Platform Signals
Insider trades show strong bullish convergence: director Kenneth Bryan Dart made two large buys totaling ~$14.5M on June 3 and June 5. Three small sells (totaling ~$71K) occurred on May 28 from other insiders. No congressional trades. Short interest is 60.1% of float (663,200 shares short), indicating high bearish positioning that could amplify any upside move. The insider buying aligns with the bullish initiation, but negative EPS revisions create a divergence.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 11d ago | ANALYST-DOWNGRADE | $86.86 $76.63 | ▲ +11.78% | ▲ +11.50% | $74.81 (+13.87%) |
Sep 3, 2026 29d ago | Insider Cluster | $102.34 $100.56 | ▼ −1.74% | ▼ −0.59% | $74.81 (−26.90%) |
Sep 3, 2026 29d ago | Insider Cluster | $102.34 $100.56 | ▼ −1.74% | ▼ −0.59% | $74.81 (−26.90%) |
Sep 2, 2026 4w ago | ANALYST-UPGRADE | $101.98 $98.68 | ▼ −3.24% | ▼ −2.28% | $74.81 (−26.64%) |
Aug 20, 2026 6w ago | Insider Cluster | $99.57 $95.01 | ▼ −4.58% | ▼ −5.69% | $74.81 (−24.87%) |
Aug 12, 2026 7w ago | ANALYST-UPGRADE | $98.08 $99.16 | ▲ +1.10% | ▲ +1.55% | $74.81 (−23.73%) |
Aug 7, 2026 8w ago | ANALYST-UPGRADE | $94.74 $101.41 | ▲ +7.04% | ▲ +6.64% | $74.81 (−21.04%) |
Aug 5, 2026 8w ago | 8-K | $92.91 $98.08 | ▼ −5.56% | ▼ −5.21% | $74.81 (+19.48%) |
Aug 5, 2026 8w ago | 8-K | $92.91 $98.08 | ▲ +5.56% | ▲ +5.21% | $74.81 (−19.48%) |
Aug 5, 2026 8w ago | Press Release | $92.91 $98.08 | ▼ −5.56% | ▼ −5.21% | $74.81 (+19.48%) |
US Market Status
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