FuboTV (FUBO) Stock: $30 Target By Barrington

By Amit Chowdhry ● May 16, 2021
  • The shares of FuboTV Inc (NYSE: FUBO) have received a price target decrease from $40 to $30 by Barrington. These are the details.

The shares of FuboTV Inc (NYSE: FUBO) have received a price target decrease from $40 to $30 by Barrington. And Barrington analyst James Goss is maintaining an “Outperform” rating on the company shares.

Goss cited the company’s first-quarter results in the research report. The company’s ad revenue tripled in the quarter and it reflected a valuable boost to subscriber average revenue per user.

And Goss pointed out that the guidance update is suggesting continued significant revenue growth this year. Even though he reduced the price target, Goss believes that the company shares are currently at the levels that appear to offer an attractive point of entry. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.