FanDuel parent Flutter Entertainment is poised for even more gains ahead as its U.S. growth takes off, according to Goldman Sachs.
Analyst Ben Andrews initiated coverage of the online sports betting operator with a buy rating and $320 price target.
Andrews sees upside to Flutter's 2027 revenue guidance for existing states and sees double-digit percentage upside to Wall Street's consensus targets on Flutter's U.S. EBITDA in 2027 and 2028.
S & P) and Flutter building a track record of consistent delivery and as a compounding cash generator."
The company continues to acquire new customers in existing states, which "Flutter is doing more efficiently than competition, supported by their scale," Andrews said.
Persons:
Goldman Sachs, Ben Andrews, Andrews
Organizations:
New York Stock Exchange, London Stock Exchange, U.S