Flutter Entertainment plc (NYSE:FLUT) is one of the Stocks with Potential to Explode in 2026. On June 17, Wedbush initiated coverage on the company’s stock with an “Outperform” rating and a price objective of $138.00. As per the analyst, the company is the world’s largest online sports betting and internet gaming operator and has exposure to the most attractive markets, led by FanDuel.
Furthermore, the firm noted that the company’s stock has declined by ~50% over the previous 6 months as a result of the US growth scare stemming from prediction markets and share losses to other sportsbooks.
As per the firm, Flutter Entertainment plc (NYSE:FLUT)’s current valuation levels remain overweight bearish outcomes. These valuation levels demonstrate the large disconnect from the consensus estimates. Also, they do not adequately consider the upside opportunity from the company’s own prediction market offering, as well as the probability of a rebound in H2 in the relative US performance. At the present levels, the execution on just one of such points can result in share appreciation over the upcoming months, added Wedbush.
Flutter Entertainment plc (NYSE:FLUT) is a sports betting and gaming company.
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