Flutter Entertainment plc (NYSE:FLUT) owns one of the most popular sportsbooks in America, FanDuel. This biggest online betting company in the market closed at $89.56 on September 18, 2026 – close to its 52-week low and down about 69% from its high a year ago. On September 21, Rothschild downgraded the stock to Neutral and cut its price target to $119 from $169. The bank's reason was that Flutter has now lowered its 2026 forecast four times this year.Flutter (FLUT), The World's Biggest Betting Company Has Lost Two-Thirds of Its Value. Is the Bottom In? Why the Forecast Keeps Falling A few forces are squeezing the US business. States keep raising taxes on betting. Illinois now charges a fee on every online wager.
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