5 Cheap Stocks to Buy for High Returns in 2026

3. ​Flutter Entertainment plc (NYSE:FLUT)

Flutter Entertainment plc (NYSE:FLUT) is one of the Cheap Stocks to Buy for High Returns in 2026. On March 10, Ben Andrews from Goldman Sachs lowered the firm’s price target on Flutter Entertainment plc (NYSE:FLUT) from $270 to $205.

​The analyst noted that the company disappointed investors with Q4 results. The disappointment was driven by underperformance in the US market due to weaker promotional effectiveness. Moreover, the firm also finds the company’s 2026 guidance to be weak, along with a reduced number of share buybacks. The firm noted that management attributed the US softness to temporary issues, including less engaging NFL matchups and outcomes in late Q4 spilling into 2026.

​The company released its fiscal Q4 2025 earnings on February 26. The company grew its quarterly revenue by 24.92% year-over-year to $4.74 billion, but missed expectations by $117.21 million. Moreover, the EPS of $1.74 topped consensus by $0.17.

​Flutter Entertainment (NYSE:FLUT) operates as a sports betting and gaming company in the US, the UK, Ireland, Australia, Italy, and internationally.