FUBO Stock Price: $55 Target By Roth Capital

By Amit Chowdhry ● January 13, 2021
  • The stock price of fuboTV Inc (NYSE: FUBO) has received a $55 target by Roth Capital. These are the details.

The stock price of fuboTV Inc (NYSE: FUBO)  has received a $55 target by Roth Capital. And Roth Capital analyst Darren Aftahi is maintaining a “Buy” rating on the shares.

Aftahi cited fuboTV’s announcement about its intent to buy interactive gaming and sports betting service Vigtory. And Aftahi said fuboTV is adding “pieces to the puzzle towards sports better integration.” Vigtory’s co-CEOs Scott Butera and Sam Rattner will work at fuboTV to essentially co-run fuboTV’s gaming division as president and COO, respectively.

Rattner is a digital sports entrepreneur who developed and integrated sports betting content and technology. Previously, Rattner founded Engine Sports, a back-testing engine allowing retail sports bettors the ability to build algorithmic betting strategies within an interactive experience.

Butera was the president of interactive gaming at MGM Resorts International and was instrumental in launching BetMGM. He joined Vigtory as Rattner’s co-CEO in 2020. Before MGM, Butera was commissioner of the Arena Football League and held C-suite leadership positions at Foxwoods Resort Casino, Tropicana Entertainment, Cosmopolitan Resort and Casino and Trump Entertainment, among other gaming businesses.

Disclosure: I have a small FUBO position in my stock portfolio.