Streetbeat News

FUBO

fuboTV Inc.

https://www.fubo.tv

Industry

Broadcasting

fuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

Open

1.56

Mkt cap

504M

Volume

8.4M

High

1.57

P/E Ratio

-2.22

52-wk high

3.81

Low

1.47

Div yield

N/A

52-wk low

1.10

FuboTV (NYSE:FUBO) has been analyzed by 4 analysts, showing a mix of bullish to indifferent ratings. The average 12-month price target is now $4.00, up 23.08% from $3.25. Analysts from Wedbush, Roth MKM, Cantor Fitzgerald, and Needham have provided updates, with price targets ranging from $2.00 to $5.00. FuboTV, a sports-first live TV streaming company, shows a positive revenue trend with a 42.64% growth rate but trails behind industry peers. Its net margin and ROE indicate challenges in financial health and equity utilization.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

Wedbush analyst Michael Pachter reiterates an Outperform rating on FuboTV (NYSE:FUBO) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:27 pm

FuboTV Inc. has filed a lawsuit to prevent Fox Corp, Walt Disney Co, and Warner Bros. Discovery Inc from launching a joint venture sport-streaming platform, alleging anti-competitive practices and above-market pricing. The suit claims these companies have historically bundled sports content with less desirable content, forcing consumers to overpay. Following the lawsuit's announcement, shares of Disney, Warner Bros. Discovery, and Fox experienced declines, while FuboTV's shares also dropped.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 10:47 pm

FuboTV has initiated legal action to prevent ESPN, Warner, and Fox Sports from launching a joint streaming service, as reported by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:03 pm

FuboTV Inc. (NYSE:FUBO) shares experienced a slight increase in premarket trading on Thursday, following a significant drop of over 22% on Wednesday due to a collaboration announcement between Fox Corporation (NASDAQ:FOX), Walt Disney Company (NYSE:DIS), and Warner Bros. Discovery, Inc. (NASDAQ:WBD). FuboTV issued a cautionary statement regarding the deal's potential to impact fair market competition, expressing concerns over consumer interests. Analysts from Needham and Cantor Fitzgerald highlighted the joint venture as a negative development for FuboTV, with potential to replicate FuboTV's offerings.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 10:57 am

FuboTV shares are trading lower following the announcement of a joint venture by ESPN, Fox, and Warner Bros. Discovery to launch a new streaming sports service in the U.S. This development introduces significant competition for FuboTV in the sports streaming market.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:29 pm

Container Store Group's shares fell by 23% due to weak quarterly results, missing both earnings and sales estimates. Other stocks showed significant movements, with MicroCloud Hologram Inc. leading gainers by 400% after announcing plans to join the Communications Industry Association. Glatfelter Corporation also saw a notable increase after a merger announcement with Berry Global. On the losing side, Snap Inc. dropped by 35.2% following mixed quarterly results, and Sunworks Inc. plummeted by 29.1% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 6:02 pm

Communication Services stocks showed significant movement in Wednesday's intraday session. Loop Media, Criteo, WiMi Hologram Cloud, AirNet Technology, Roblox, and Gogo were among the gainers, with notable increases in their stock prices following earnings reports for some. Conversely, Snap, Asset Entities, E W Scripps, FuboTV, Scienjoy Holding, and Gray Television experienced declines, with Snap's drop following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:31 pm

Roth MKM analyst Darren Aftahi has maintained a Neutral rating on FuboTV (NYSE:FUBO) and lowered the price target from $3.25 to $2. This adjustment reflects a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:14 pm

FuboTV Inc (NYSE:FUBO) shares plummeted following the announcement of a joint venture between Disney’s ESPN, Warner Bros Discovery, and Fox to launch a sports streaming service. This new platform, launching in the fall, is seen as direct competition to FuboTV, which offers a mix of sports, news, and entertainment content. Analysts from Needham and Cantor Fitzgerald have expressed concerns over the potential impact on FuboTV, highlighting the risk of increased churn and the need for heightened marketing efforts if the new service is priced competitively.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 3:52 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.