Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuFlutter Entertainment is unlikely to turn around FanDuel anytime soon, so investors may want to steer clear of the stock for now, according to Rothschild & Co. The investment firm downgraded the online gambling stock to neutral from buy. It also lowered its price target on shares to $119 from $169, suggesting 33% upside from Friday’s close. “We have been wrong on Flutter in 2026,” analyst Andrew Tam said Monday in a note to clients. “While we applaud management for its longer-term focus, 2026 is another ‘transitional year’. In the meantime, the revamped management team needs to demonstrate it can deliver against near-term promises before gun-shy investors will be willing to pay up for longer term ones. We expect FanDuel’s turnaround to take longer than expected.” The analyst added that the company recently cut its guidance for the fourth time in a row. Flutter last lowered its midpoint estimate for FanDuel’s EBITDA for 2026 by 22%, he noted. The guidance cuts come as Flutter pours hundreds of millions of dollars into capturing a bigger share of the online gaming and event contract markets. “Investors now need to look to 2027E and beyond for better times (and growth),” Tam wrote. “However, recent successive downgrades have, in our view, tested investor patience and leave them gun-shy.” Of the 32 analysts covering Flutter, 23 have a buy or strong buy rating on the stock, LSEG data shows. Shares have plunged 58% in 2026.Read More