FanDuel has seen weakening customer engagement on its platform, while it isn't clear its prediction market can drive upside to its owner's stock, per Citi.
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HSBC sees shares of Flutter adding 18% from here.
Everything is gambling, but not everything in gambling is going great, as CNBC reports that on Wednesday, FanDuel CEO Amy Howe…
Flutter's 2026 revenue guidance of $17.75 billion to $19.05 billion was lower than analysts' projection.
The bank upgraded DraftKings to overweight from equal weight.
Analysts largely agree on DraftKings and Flutter Entertainment, owner of FanDuel, as their top gaming picks.
The bank, which has buy rating on the fintech name, raised its price target on shares.
