Citizens cuts target to USD 129.00 for Flutter stock

Published on 10/20/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citizens cut its target to USD 129.00 on October 13, 2026. Flutter stock costs EUR 69.00 on October 20, 2026; Q2 revenue was USD 4.33 billion.

Target cut and earnings pressure

Citizens lowered its Flutter target to USD 129.00 on October 13, 2026.
Second-quarter revenue reached USD 4.326 billion in fiscal year 2026.
Flutter stock trades at EUR 69.00 at 1:03 p.m. CEST at Lang & Schwarz on October 20, 2026.

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Flutter Entertainment stock is priced at EUR 69.00 at Lang & Schwarz on October 20, 2026 at 1:03 p.m. CEST. Investing.com reported that Citizens lowered its Flutter target from USD 145.00 to USD 129.00 on October 13, 2026, while keeping a Market Outperform rating.

Citizens flags betting headwinds

The target cut reflects unfavorable game outcomes affecting operators exposed to the United States and United Kingdom. Citizens also removed all Brazil revenue from its estimates for Flutter, according to Investing.com.

The latest reported quarter showed the operating trade-off behind the revision. Flutter generated USD 4.326 billion of revenue in the second quarter of fiscal year 2026, up 3.00 percent from the prior-year quarter, while net income was a USD 296.00 million loss. Adjusted EBITDA fell 45.00 percent, according to Benzinga.

Three dates frame the stock

On August 5, 2026, Flutter published its second-quarter results, including USD 4.326 billion of revenue. On October 8, 2026, the company discussed a second cost-transformation phase targeting USD 500 million of gross savings by 2029. On October 13, 2026, Citizens reduced its target from USD 145.00 to USD 129.00. The first two events are documented in Flutter and Benzinga.

What does the guidance reset mean?

Flutter reduced full-year revenue guidance to USD 17.91 billion and adjusted EBITDA guidance to USD 2.655 billion. The company linked the reset to higher United States investment, increased gaming taxes, and the delayed start of the 2026-2027 NFL season, as reported by Benzinga. The result is a sharper test of whether customer investment can rebuild growth while taxes and Brazil weigh on profitability.

Next dates for Flutter

Flutter's investor calendar lists November 4, 2026, for third-quarter earnings and November 13, 2026, for a Barclays fireside chat. Both dates are listed on the company's investor calendar.

Stock price and investor test

Flutter's current setup combines a lower analyst target with a still-expensive investment cycle. The second-quarter loss and the USD 17.91 billion revenue guidance make execution in the United States and progress on the USD 500 million savings plan central to the next results.

Flutter stock was trading at EUR 69.00 at Lang & Schwarz on October 20, 2026 at 1:03 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Flutter stock.