Are FuboTV's Ambitious Goals for Subscriber Growth and ARPU Expansion Too Optimistic? This Analyst Exercises Caution
Portfolio Pulse from Anusuya Lahiri
Barrington analyst James Goss maintains a Hold rating on FuboTV Inc (NYSE:FUBO), acknowledging the company's goals for aggressive subscriber growth, ARPU expansion, and gaming ventures. However, he expresses caution due to uncertainties in the timeline to achieve these goals and become free cash flow positive by 2025. Goss's Q4 revenue and EPS projections for FuboTV are below consensus estimates. FUBO shares recently saw a 13% increase to $2.87.
November 14, 2023 | 7:43 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Analyst James Goss maintains a Hold rating on FuboTV with cautious optimism on its growth and ARPU expansion goals. He projects lower Q4 revenue and EPS than consensus, signaling potential concerns for investors.
The Hold rating and cautious stance by the analyst, along with projections below consensus, could temper investor enthusiasm in the short term. However, the recent 13% stock price increase suggests market optimism, which may counterbalance the cautious outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100