Price Chart

Executive Summary

Wolfe Research initiated coverage on Flutter Entertainment plc (FLUT) with an Outperform rating and a $150 price target, implying 47.4% upside from the current $101.78. Wolfe's 52% accuracy on 451 calls and average 4.4% return per rating places it near the middle of the analyst pack covering FLUT. The consensus on FLUT is heavily bullish: 26 of 36 analysts rate it Buy or Strong Buy, 9 Hold, and only 1 Strong Sell. The mean price target is $140.14, median $126, with a wide range from $85 to $360. Wolfe's $150 target sits above both the mean and median, signaling above-consensus conviction. Momentum is positive with 3 upgrades and 0 downgrades over the past 30 days, though EPS revisions have been sharply negative — 17 downward revisions in the last 30 days for the current fiscal year. Insider activity is a powerful bullish contra-signal: Director Kenneth Dart made four large purchases totaling ~$16.8M between August 11-17, while a single small sell by another insider was negligible. Short interest is elevated at 66.3% of float, creating squeeze potential if the stock rallies. The convergence of a new bullish analyst initiation, massive insider buying, and high short interest makes this a high-conviction setup for active traders.

Impact Score

Consensus & Targets

The consensus is 72% Buy (9 Strong Buy, 17 Buy), 25% Hold (9 Hold), and 3% Sell (0 Sell, 1 Strong Sell) based on 36 analysts. This is a heavily bullish consensus, but the lone Strong Sell and wide target range ($85-$360) reveal significant disagreement beneath the surface.

Current price: $101.78. Mean target: $140.14 (implied upside +37.7%). Median: $126 (+23.8%). High: $360 (+253.7%). Low: $85 (-16.5%). Wolfe's $150 target is 7% above the mean and 19% above the median, placing it in the top quartile of analyst targets.

Recent Analyst Activity

Over the past 30 days, FLUT has received 3 upgrades and 0 downgrades. However, EPS revisions are sharply negative: 17 downward revisions for the current fiscal year (0 up), 9 for the next quarter (1 up), and 6 for the next fiscal year (1 up). The EPS estimate for the current year has fallen from $5.77 to $5.02 over the past 30 days. This divergence between rating momentum and earnings momentum is a key risk.

Firm Track Record — Wolfe Research

Wolfe Research accuracy: 52% on 451 calls | avg return: 4.4%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

Wolfe Research has a 52% accuracy rate on 451 scored calls with an average return of 4.4% per rating. This is near the middle of the pack for firms covering FLUT. The best-performing firm is Craig-Hallum (100% on 2 calls, +6.3% avg return), while the worst is Stifel (17% on 6 calls, -14.3% avg return). Wolfe's accuracy is above the median of the 15 firms tracked.

Earnings Estimates

Cross-Platform Signals

Insider trades show a powerful bullish signal: Director Kenneth Dart made four purchases totaling ~$16.8M between August 11-17, 2026, while only one small sell ($197K) by another insider occurred. This cluster of large insider buys strongly supports the bullish analyst call. Short interest is extremely high at 66.3% of float, creating significant squeeze potential. No congressional trades or institutional changes are reported. The convergence of a new bullish initiation, massive insider buying, and elevated short interest is a rare and powerful signal.

Investment Themes

Documents Analyzed

Report based on filing metadata.

US Market Status