{"id":2443486,"date":"2026-06-03T18:19:59","date_gmt":"2026-06-03T18:19:59","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2443486"},"modified":"2026-06-03T18:19:59","modified_gmt":"2026-06-03T18:19:59","slug":"why-needham-still-sees-upside-in-flutter-entertainment-plc-flut","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/why-needham-still-sees-upside-in-flutter-entertainment-plc-flut\/","title":{"rendered":"Why Needham Still Sees Upside in Flutter Entertainment plc (FLUT)"},"content":{"rendered":"

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Flutter Entertainment plc (NYSE:FLUT<\/strong><\/a>) is one of the best sin stocks to buy now<\/strong><\/a>. On May 7, Needham reiterated its Buy rating on Flutter Entertainment plc (NYSE:FLUT) but lowered its price target to $135 from $150. The research firm also lowered its adjusted EBITDA estimates of the company by 7%.<\/p>\n

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Why Needham Still Sees Upside in Flutter Entertainment plc (FLUT) <\/figcaption><\/figure>\n

The price target cut is in response to deteriorating trends in the US market. In addition, the company has lowered its adjusted EBITDA guidance following the change in CEO. The cut also comes as investors continue to question how long it will take Flutter Entertainment to turn around FanDuel prospects.<\/p>\n

Needham also lowered the company\u2019s adjusted EBITDA by 7% due to limited visibility into its turnaround. The cut also comes as the company\u2019s messaging increasingly focuses on an improved generosity strategy. Nevertheless, it remains bullish, with a buy rating, given the management team\u2019s impressive track record in generating shareholder value.<\/p>\n

Flutter Entertainment plc (NYSE:FLUT) is a global sports betting, iGaming, and entertainment company. It operates online and retail platforms for sports betting, casino games, poker, and daily fantasy sports. The company is the parent organization behind major industry brands, including FanDuel, PokerStars, Betfair, Paddy Power, and Sky Betting & Gaming.<\/p>\n

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\u00a0best short-term AI stock<\/strong><\/a>.<\/p>\n

READ NEXT:\u00a0<\/strong>10 Most Buzzing AI Semiconductor Stocks to Buy in 2026<\/strong><\/a> and 11 Best Medical Technology Stocks to Buy Right Now<\/a>.<\/strong><\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/strong><\/a>.<\/strong><\/p>\n<\/p><\/div>\n

\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source finance.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Flutter Entertainment plc (NYSE:FLUT) is one of the best sin stocks to buy now. On May 7, Needham reiterated its Buy rating on Flutter Entertainment plc (NYSE:FLUT) but lowered its price target to $135 from $150. The research firm also lowered its adjusted EBITDA estimates of the company by 7%. Why Needham Still Sees Upside […]<\/p>\n","protected":false},"author":2,"featured_media":2443487,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[372484,313496,392673],"class_list":["post-2443486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-entertainment-company","tag-flutter-entertainment","tag-paddy-power"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/06\/Why-Needham-Still-Sees-Upside-in-Flutter-Entertainment-plc-FLUT.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2443486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2443486"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2443486\/revisions"}],"predecessor-version":[{"id":2443488,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2443486\/revisions\/2443488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2443487"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2443486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2443486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2443486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}