Citigroup Upgrades Flutter Entertainment to Buy from Neutral
Fintel reports that on October 7, 2026, Citigroup upgraded their outlook for Flutter Entertainment (NYSE:FLUT) (DB:PPB) from Neutral to Buy. This rating action follows a prior upgrade by Citigroup on August 7, 2026, when the firm raised its rating from Sell to Neutral.
On the same day, October 7, 2026, Macquarie maintained its Outperform rating on the stock. Looking at other recent analyst actions, BTIG maintained its Buy rating on October 1, 2026, while Rothschild & Co downgraded the stock from Buy to Neutral on September 21, 2026.
Separately, as of October 2, 2026, the current consensus target mean for the stock was $146.46, with a median target of $128.52, representing an implied change of +93.24%. The prior consensus target mean was also $146.46 as of September 15, 2026, reflecting a consensus target revision of 0.00%.
The aggregate analyst recommendations for the period beginning September 1, 2026, included 8 strong buy, 18 buy, 10 hold, 0 sell, and 0 strong sell ratings, resulting in a positive recommendation share of 72.2% and a hold share of 27.8%. This compares to the prior period starting August 1, 2026, which recorded 9 strong buy, 17 buy, 9 hold, 0 sell, and 1 strong sell ratings, representing 72.2% positive, 25.0% hold, and 2.8% negative recommendations.
In the market, the stock closed at $76.25 on October 6, 2026, the session prior to the rating action, and finished at $75.79 on October 7, 2026. This latest close reflects a one-week price change of +1.68% from the baseline close of $74.54 on September 30, 2026, and a one-month price change of -24.29% from the baseline close of $100.11 on September 4, 2026.
The company's most recent earnings report, dated August 5, 2026, showed an actual EPS of 0.49 against an estimate of 0.6074, which is an EPS surprise of -19.33%. Actual revenue was reported at $4,326,000,000.00, compared to the estimated revenue of $4,341,755,970.00.
Flutter Entertainment plc, based in Dublin, Ireland, is a prominent player in the global sports betting and gaming market. The company focuses on providing extensive betting opportunities through a portfolio of internationally recognized brands such as Paddy Power, Betfair, PokerStars, and Sky Bet. Key projects and strategies revolve around leveraging advanced technology to enhance user experience, expanding into lucrative, regulated markets, and promoting responsible gambling practices.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 7, 2026 | Citigroup | Neutral | Buy | upgrade |
| October 7, 2026 | Macquarie | Outperform | Outperform | maintained |
| October 1, 2026 | BTIG | Buy | Buy | maintained |
| September 21, 2026 | Rothschild & Co | Buy | Neutral | downgrade |
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This story originally appeared on Fintel.