#1 - FuboTV (NYSE:FUBO)
I’ll start this presentation with fuboTV (NYSE:FUBO) because I want to practice what I preach. I entered a position on FUBO earlier this year. I liked the synergy of the company’s streaming service with a live sports focus. However, the streaming model by itself doesn’t excite me. What particularly intrigued me was that fuboTV was looking to have an integrated sportsbook to go along with its streaming service.
That was a unique selling proposition that stood out to a sports fan like me. But fuboTV is walking away from its plans to deliver a sportsbook. That means, at least for now, the company is “just” a streaming company. When your thesis for buying a stock change, it’s probably time to sell. And I did.
The company did report better-than-expected earnings in November 2022. This does seem, however, like a case of better-than-expected not strong growth. And fuboTV is not expected to be profitable anytime soon. Without a new catalyst to change the story, it’s time to switch the channel on FUBO stock.
About FuboTV
fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.
- Current Price
- $4.59
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.43 (25.2% Downside)
