Overachiever Alert: fuboTV Hits New Price Target in a Single Day
Monday was an interesting (and ultimately lucrative) day for investors in fuboTV (NYSE: FUBO). Wedbush analyst Michael Pachter boosted his price target on the live-TV streaming specialist from $40 to $50. With fuboTV kicking off the week at $42.25, it didn't make sense for Pachter to have an outperform rating on the shares. He would have to either adjust his bullishness or prop his price goal higher.
He chose to view fuboTV in a more encouraging light, but he's going to have to take another look just 24 hours later. Monday's 24% surge for the fast-growing player in the cord-cutting revolution sent the stock crashing through the $50 ceiling with its $52.40 close. It has now broken through Pachter's price targets in back-to-back trading days.
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Source Fool.com
