#1 - FuboTV Inc. (NYSE:FUBO)
I’ll start this presentation by practicing what I’m preaching. I bought FuboTV Inc. (NYSE:FUBO) in early 2022. I was attracted to the idea of a streaming stock with a live sports niche that was also going to have an integrated sportsbook.
In this bear market, the idea of owning a pure-play streaming stock doesn’t hold much appeal to me. The same goes, for now, with pure-play sports betting stocks. But the combination of the two together gave FuboTV a unique selling proposition that I believed could set it apart in a crowded field.
But in early fall, FuboTV announced that they were abandoning the sportsbook, for now. In that instant, I had to question my reason for owning the stock, and I sold. And it seems other investors have had the same idea. FUBO stock is down over 37% in the last three months and over 80% in the last 12 months. One reason may be that the company’s revenue, which had been rising steadily, fell off in the last quarter even as many investors believed it would get a boost from interest in the World Cup.
About FuboTV
fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.
- Current Price
- $1.42
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $2.88 (102.8% Upside)
