Truist Securities Cuts FLUT Price Target to $100
Key Points
- Truist Securities maintained its Buy rating on Flutter Entertainment plc on October 20, 2026, and lowered its price target to $100 from $120.
- Truist Securities's $100 price target implies 27.78% upside from Flutter Entertainment plc's ($FLUT) current $78.26 share price.
- Flutter Entertainment shares closed at $78.98 on October 20, 2026, and recently traded around $78.26.
- Other major institutional investors adjusted positions earlier this year, including Parvus Asset Management holding over 15.1 million shares.
Since the rating, $FLUT is down 0.9% to date (from the $78.98 close on Oct 20, 2026).
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Truist Securities maintained a Buy rating on Flutter Entertainment plc [FLUT] on October 20, 2026, while lowering its price target from $120 to $100. The research note arrived as broader market opinion on the gambling sector evolves ahead of upcoming corporate reports.
FLUT
Flutter Entertainment plc
Truist Securities' Call on Flutter Entertainment
On October 20, 2026, Truist Securities issued its research update on the sports betting and gaming operator, keeping a Buy stance while reducing the twelve-month target to $100 from $120. The prior target sat at $120.
Other Institutional Activity in Flutter Entertainment
Large asset managers adjusted their holdings earlier in the year. Parvus Asset Management Jersey Ltd grew its holdings by 3,576,273 shares, ending with 15,191,321 shares worth about $1,243,713,491. CIBC Bancorp USA Inc. grew its holdings by 5,116,382 shares, ending with 12,579,017 shares worth about $1,029,844,156. Caledonia (Private) Investments Pty Ltd reduced its holdings by 450,377 shares, ending with 8,079,486 shares worth about $661,467,541. HSBC Holdings PLC grew its holdings by 389,581 shares, ending with 5,995,060 shares worth about $490,815,578. Massachusetts Financial Services Co. grew its holdings by 721,995 shares, ending with 3,984,512 shares worth about $326,212,008.
Flutter Entertainment plc Stock Holds Steady
Shares closed at $78.98 on October 20, 2026. The stock recently traded around $78.26 as of October 22, 2026, sitting below its 50-day moving average of $89.57 and its 200-day moving average of $111.26. The company carries a market capitalization of roughly $14.21 billion and a forward P/E ratio of 11.73.
$FLUT price target
Flutter Entertainment plc daily closes and this analyst's $100 target. Not advice.
Recent Earnings
For the trailing twelve months, the company posted revenue of $17.16 billion and negative earnings of $4.26 per share. The next corporate earnings release is scheduled for November 4, 2026.
Insider Buying and Selling at Flutter Entertainment plc
Insiders completed several transactions on September 1, 2026. Officer Don H Liu sold 565 shares. Chief Operating Officer James Philip Bishop sold 741 shares. President Daniel Mark Taylor sold 791 shares. Chief Executive Officer Jeremy Peter Jackson sold 1,762 shares.
Analysts Set New Price Targets
Susquehanna maintained a Positive rating on October 8, 2026, moving its target to $100 from $115. Wedbush maintained an Outperform rating on October 8, 2026, moving its target to $110 from $126. Citizens maintained a Market Outperform rating on October 13, 2026, moving its target to $129 from $145. JP Morgan maintained a Neutral rating on October 20, 2026, moving its target to $110 from $114. Consensus analyst views list a buy recommendation with a mean price target of $131.27 across 33 opinions.
About Flutter Entertainment
Flutter Entertainment plc operates online sports betting and gaming brands across the United States, Europe, Australia, and other international markets. Its platforms offer traditional sportsbooks, horse racing wagering, daily fantasy sports, and digital casino games including roulette and blackjack.
Bottom Line
Truist Securities remains positive on the operator despite lowering its price target to $100. Investors will watch the upcoming November 4, 2026 earnings release for further details on operational performance.
Related Filing Alerts
Source: Truist Securities's rating change on $FLUT (Oct 20, 2026). Written by software, not financial advice. How we make alerts