Citizens Jmp cuts target for Flutter stock to USD 129.00

Published on 10/15/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citizens Jmp cut its target to USD 129 on October 13, 2026. Flutter stock costs EUR 67.00 at Lang & Schwarz on October 15, 2026.

Analyst target and reporting date

Citizens Jmp cut its Flutter target from USD 145.00 to USD 129.00 on October 13, 2026.
Flutter reported USD 4.326 billion of second-quarter revenue on August 5, 2026.
Flutter stock traded at EUR 67.00 at 1:15 p.m. CEST at Lang & Schwarz on October 15, 2026.

Flatlay mit Aktienzertifikat und Wettschein, Flutter Entertainment plc IE00BWT6H894 — Flatlay-Arrangement mit Aktienzertifikat und ISIN-Karte symbolisiert Flutter Entertainment plc ISIN IE00BWT6H894 Investment, Illustration mit AI erstellt.

Flutter Entertainment (IE00BWT6H894) stock was trading at EUR 67.00 at Lang & Schwarz on October 15, 2026 at 1:15 p.m. CEST. MarketBeat reported that Citizens Jmp lowered its Flutter target from USD 145.00 to USD 129.00 in a report issued on October 13, 2026. The change puts analyst expectations under pressure as the company balances investment with profitability.

Target cut sharpens the debate

The target reduction followed Flutter's second-quarter update. On August 5, 2026, the company reported revenue of USD 4.326 billion for the second quarter, up 3.32 percent from the prior-year period, according to the Flutter Entertainment investor page. The same update showed adjusted EBITDA down 45 percent year over year, reflecting higher UK gaming taxes and heavier investment in the United States.

Three events changed the picture

On August 5, 2026, Flutter reported second-quarter revenue of USD 4.326 billion. On September 28, 2026, it stopped sports betting and iGaming operations in Brazil, a move estimated to reduce 2026 revenue by USD 70 million, as Scanx reported. On October 13, 2026, Citizens Jmp cut its target from USD 145.00 to USD 129.00, as MarketBeat reported.

What dates matter next?

Flutter's next substantiated reporting date is November 4, 2026, when the company plans to publish third-quarter results, according to its investor calendar. That release should show whether the company's cost actions are offsetting tax pressure and promotional spending.

Flutter stock stays tied to execution

For investors, the central issue is the gap between growth and earnings quality. Second-quarter revenue rose 3.32 percent, but adjusted EBITDA fell 45 percent, while the Brazil exit removed USD 70 million from the 2026 revenue outlook. The October 13 target cut adds a fresh valuation counterweight to management's longer-term cost plan.

Flutter stock was trading at EUR 67.00 at Lang & Schwarz on October 15, 2026 at 1:15 p.m. CEST. The company is listed on the NYSE under ticker FLUT and operates sports betting and gaming brands across the United States, the United Kingdom and other regulated markets. The further course of trading is shown by the continuously updated real-time quote of Flutter stock.