Here's What the Street Thinks About FuboTV (FUBO)
FuboTV Inc. (NYSE:FUBO) is one of the Best Penny Stocks That Will Skyrocket. On February 3, Laura Martin from Needham reiterated a Buy rating on the stock but lowered the price target from $4.25 to $3. The rating follows the company’s fiscal Q1 2026 earnings release on the same day.
FuboTV reported quarterly revenue of $1.549 billion, up 40% year-over-year and ahead of consensus by $183.72 million. However, the EPS of negative $0.02 fell short of the expectations by $0.02. Management attributed revenue growth to subscriber gains and Hulu integration.
Laura Martin from Needham noted the price reduction reflects caution over Fubo suspending guidance and losing NBCUniversal sports content in 2026. The analyst added that NBCUniversal sports content included crucial events like the Super Bowl, the Olympics, and the World Cup. However, the firm maintained a Buy rating on FuboTV Inc. (NYSE:FUBO), noting benefits from Disney’s ownership stake in fuboTV.
FuboTV Inc. (NYSE:FUBO) is a live TV streaming service primarily focused on sports, news, and entertainment, acting as a cable TV alternative. It allows users to stream over 400 live sports, news, and entertainment networks over the internet without a contract, offering features such as cloud DVR and 4K streaming.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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