Flutter's average price target trimmed to $127.71, Melco Resorts' raised to $6.17

what happened

Analysts lowered the average 12-month price target for Flutter Entertainment plc from $128.74 to $127.71. The estimate comes from 32 analysts, whose forecasts range from $84 to $360 per share. TradingView calculated that, based on the October 22 close, the updated target implies roughly 56% potential upside.

For Melco Resorts & Entertainment Limited, the average target moved in the opposite direction, rising from $6.14 to $6.17. The forecasts of 12 analysts range from $4 to $8.5 per share, and the implied upside at the October 22 close is put at about 56%.

The consensus rating for both companies remains Buy. At Flutter, 26 of 36 covering analysts recommend buying, 9 hold and 1 sells. At Melco, 9 of 14 recommend buying, 5 hold and none sell.

why it matters

Revisions like these show how professional analysts' expectations are shifting, but for the broader market they are usually routine information. Small changes in the average target rarely move share prices on their own, so company results and guidance deserve more attention.

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