Shares of Flutter Entertainment (NASDAQ:FLUT) experienced a 4.3% decline after an analyst from Citizens lowered the company's price target from $195 to $188. The analyst cited a cautious outlook for the U.S. online gaming sector, noting that companies often hit seasonal lows in the second quarter and that there are few immediate catalysts for growth. Despite the downgrade, Citizens maintained a Market Outperform rating, suggesting that the stock could still present buying opportunities. Flutter's recent quarterly report revealed concerning profitability issues, with a GAAP loss of $0.05 per share, a stark contrast to a profit of $0.45 per share in the same quarter last year. The company's revenue of $4.74 billion grew 24.9% year-over-year but fell short of analyst expectations. Overall, Flutter Entertainment's stock has plummeted 51.6% since the start of the year, currently trading at $105.65, which is 65.8% below its 52-week high of $308.60 from August 2025.