#6 - FuboTV (NYSE:FUBO)
The next stock on this list of sports betting stocks is FuboTV (NYSE:FUBO). I’ve described FUBO as a sum-of-its-parts stock. The company operates a streaming service that is a substitute for traditional cable. FuboTV is attempting to distinguish itself by a forward-facing focus on live sports.
However, the company also has plans to operate an interactive, integrated sports book. Recently the company announced that rather than going it alone, it’s seeking partnerships to bring its sports book to market. And it should be noted that the company already counts Comcast (NASDAQ:CMCSA), Walt Disney (NYSE:DIS) and ViacomCBS (NASDAQ:VIACA) as stakeholders.
On the positive side, revenue is growing and subscriber numbers remain solid. But the company is not expected to turn a profit for several years. Investors should also be aware that as of August 2022, short interest in FUBO stock is exceedingly high at around 29%. Nevertheless, analysts tracked by MarketBeat give FUBO stock a $8.46 price target which gives the stock a 74% upside from its August 18, 2022 price of $4.86.
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
- $2.83
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $4.39 (55.0% Upside)
