fuboTV (NYSE:FUBO) Given "Outperform" Rating at Wedbush

Key Points

• Wedbush raised its price target for fuboTV from $5.00 to $6.00, suggesting a potential upside of 52.48% from the current trading price.
• Needham & Company also increased their price objective for fuboTV from $3.00 to $4.25 and rates the stock as a "buy."
• Approximately 39.31% of fuboTV's shares are currently owned by institutional investors, indicating increased interest in the stock.

fuboTV (NYSE:FUBO - Get Free Report)'s stock had its "outperform" rating restated by Wedbush in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $6.00 price objective on the stock, up from their prior price objective of $5.00. Wedbush's price objective points to a potential upside of 58.10% from the stock's current price. Wedbush also issued estimates for fuboTV's Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.12) EPS, Q2 2026 earnings at $0.02 EPS, FY2026 earnings at ($0.02) EPS and FY2027 earnings at $0.18 EPS.

Separately, Needham & Company LLC lifted their target price on fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $4.63.

fuboTV Stock Down 4.6%

FUBO stock traded down $0.19 during midday trading on Wednesday, hitting $3.80. 8,877,951 shares of the company's stock were exchanged, compared to its average volume of 27,738,330. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48. fuboTV has a 12-month low of $1.15 and a 12-month high of $6.45. The firm has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.36. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.98 and a beta of 2.22.

Hedge Funds Weigh In On fuboTV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen LLC purchased a new stake in fuboTV in the 1st quarter worth about $8,930,000. Vanguard Group Inc. lifted its stake in fuboTV by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company's stock worth $61,742,000 after acquiring an additional 2,468,067 shares in the last quarter. Renaissance Technologies LLC lifted its stake in fuboTV by 45.1% in the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock worth $5,449,000 after acquiring an additional 1,344,956 shares in the last quarter. Jump Financial LLC purchased a new stake in fuboTV in the 1st quarter worth about $3,752,000. Finally, Two Sigma Investments LP lifted its stake in fuboTV by 4,635.3% in the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company's stock worth $646,000 after acquiring an additional 501,766 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

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.