FuboTV Stock: Next Stop, $30?
Wall Street has given a lot of love to fuboTV (NYSE: FUBO) in the two weeks since it posted blowout third-quarter results. Analysts at Roth Capital and BMO Capital boosted their price targets on the stock after the fresh financials came out. Berenberg initiated coverage of the stock last week with a bullish rating, encouraged by fuboTV's sports bent, tech advantages, and growth potential in the booming online wagering market. This week, it's Laura Martin at Needham raising the stakes.
Martin initiated coverage of fuboTV three weeks ago with a buy rating and a $17 a share price target. She has bumped that goal higher twice in November, going to $20 earlier this month, and then on Monday to a Street-high $30 based on its rapidly improving fundamentals.
Image source: fuboTV.
Source Fool.com
