Wells Fargo has initiated coverage on Flutter Entertainment PLC (FLUT) with an Overweight rating, marking the firm’s first assessment of the company’s investment potential. This move underscores Wells Fargo's confidence in Flutter’s business model and growth prospects within the online betting and gaming industry.
Headquartered in New York City, Flutter Entertainment operates across several segments, including the United States, United Kingdom and Ireland, Australia, and other international markets. The company provides a range of online betting options, including sports betting, casino games, and poker, under well-known brands like Paddy Power and Betfair.
As of November 17, 2025, Flutter's stock is priced at $193.19, with a market capitalization of $34.0 billion. The company has demonstrated strong earnings performance, notably exceeding earnings expectations in recent quarters. For instance, in Q3 2025, Flutter reported an EPS of $1.64 against an estimate of $0.85, resulting in a surprise of 92.3%.
Looking ahead, analysts anticipate Flutter’s upcoming earnings on August 4, 2026, with an estimated EPS of $2.96 and revenue of $4.8 billion. The analyst consensus currently stands at a Buy, with 7 Strong Buy, 19 Buy, and 3 Hold ratings.
Analyst ratings can shift as new information emerges, and investors are encouraged to consider a comprehensive range of factors when evaluating potential investments. While Wells Fargo's new Overweight rating provides insight into Flutter's market position, it should be viewed as one of many inputs in the investment decision-making process.