Seaport Global analyst David Joyce reiterated a Buy rating on fuboTV (FUBO – Research Report) today and set a price target of $2.50. The company’s shares closed last Friday at $1.37.
According to TipRanks, Joyce is a 2-star analyst with an average return of 0.1% and a 52.27% success rate. Joyce covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Live Nation Entertainment, and Endeavor Group Holdings Inc.
fuboTV has an analyst consensus of Moderate Buy, with a price target consensus of $2.98, an 117.52% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $3.00 price target.
The company has a one-year high of $3.87 and a one-year low of $1.20. Currently, fuboTV has an average volume of 11.02M.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FUBO in relation to earlier this year.
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fuboTV (FUBO) Company Description:
Operating as a sports-focused live TV streaming service, fuboTV offers access to over 100 live TV channels, including many of Nielsen’s top ranked networks
Read More on FUBO:
- FuboTV Inc. Challenges Media Giants in Legal Battle to Protect Market Share from New Sports Streaming Venture
- Unusually active option classes on open May 3rd
- FuboTV cuts FY24 revenue view to $1.53B-$1.55B from $1.82B-$1.88B
- FuboTV sees Q2 revenue $357.5M-$367.5M, consensus $355.23M
- FuboTV reports Q1 EPS (11c), consensus (21c)
