FUBO Stock: $42 Target From Roth Capital

By Amit Chowdhry ● Jul 17, 2021
  • The shares of FuboTV Inc (NYSE: FUBO) have received a price target of $42 by Roth Capital. These are the details.

The shares of FuboTV Inc (NYSE: FUBO) have received a price target of $42 by Roth Capital. And Roth Capital analyst Darren Aftahi issued a “Buy” rating on the company shares. 

Following FuboTV’s announcement that it bought the market rights for its anticipated mobile sportsbook in Pennsylvania in partnership with The Cordish Companies, Aftahi pointed out that the pact brings Fubo’s sportsbook license count up to 4 states with expectations the mobile sportsbook app can begin to be rolled out on a state-by-state basis in the fourth quarter, pending the regulatory approval. 

And Aftahi pointed out that any potential revenue from the launch of its sport book are not yet considered in the full-year 2021 revenue guidance or estimates.

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