#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 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)
