Flutter Entertainment dropped from Russell growth index, shares hold firm on NYSE and Dublin

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 11:10.

Flutter Entertainment (IE00BWT6H894) today trades on both the NYSE and Euronext Dublin while digesting a recent benchmark change. MarketScreener reports that Flutter has been dropped from the Russell 3000 Growth and Russell 3000E Growth benchmarks after the latest annual reconstitution.

Russell growth benchmark change

The Russell index review, published on June 28, 2026, shows Flutter Entertainment removed from the Russell 3000 Growth and Russell 3000E Growth segments following the latest rebalance. The data snapshot lists the last NYSE close for Flutter at 104.19 US dollars, with an average analyst target price around 159.93 US dollars. This change affects passive funds tracking these specific growth benchmarks but does not alter Flutter’s NYSE listing or its inclusion in broader Russell indices.

According to the same MarketScreener compilation, the Russell decision sits alongside several recent corporate and analyst headlines for Flutter, including a Moody’s rating affirmation with a reduced outlook due to leverage and a new Wedbush initiation at Outperform with a 138 US dollar price target. These data points indicate that while benchmark composition adjusts, credit and equity analysts continue to actively cover the stock.

Analyst views and rating updates

Wedbush initiated coverage of Flutter Entertainment earlier in June with an Outperform rating and a 138 US dollar price target, signaling confidence in the group’s long-term earnings trajectory in regulated online betting and gaming. Moody’s recently maintained Flutter’s ratings but shifted the outlook to reflect higher leverage following past acquisitions and investment in U.S. expansion. Across the analyst sample summarized by MarketScreener, the average target price of roughly 159.93 US dollars stands markedly above the latest NYSE close, highlighting a generally constructive consensus.

Derivatives and tokenized versions of Flutter stock are also traded on digital venues such as Bitget, which describes Flutter as a growth-focused leisure and digital entertainment name with a forward price-earnings ratio often in the 25x to 30x range for the U.S. business. Bitget’s commentary underscores that investors currently pay a premium versus traditional leisure stocks but see this as justified by higher expected growth from online sports betting and iGaming.

How Flutter makes its money

Flutter Entertainment generates most of its revenue from online sports betting and gaming brands such as FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, and other regional platforms. These operations combine fixed-odds sports wagering, exchange betting, online casino, poker and fantasy sports, with a strong emphasis on regulated markets and digital distribution. The group’s strategy focuses on scaling technology, cross-marketing between brands and disciplined risk management on trading and customer affordability.

Where the shares trade today

Flutter Entertainment shares (IE00BWT6H894) trade on Euronext Dublin, where Davy quotes a last price of 7,864.62 GBX with a day range between 7,930.00 GBX and 7,756.00 GBX as of 2026-06-29, 09:07, and on the NYSE, where MarketScreener reports a last close of 104.19 US dollars.

This article is for informational purposes only and does not constitute investment advice, a recommendation or an offer to buy or sell securities. All data are based on sources cited in the text and may change over time.