Fintel reports that on March 4, 2024, Seaport Global upgraded their outlook for fuboTV (NYSE:FUBO) from Neutral to Buy .
Analyst Price Forecast Suggests 82.53% Upside
As of February 24, 2024, the average one-year price target for fuboTV is 3.47. The forecasts range from a low of 2.02 to a high of $5.25. The average price target represents an increase of 82.53% from its latest reported closing price of 1.90.
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The projected annual revenue for fuboTV is 1,670MM, an increase of 22.06%. The projected annual non-GAAP EPS is -1.47.
What is the Fund Sentiment?
There are 343 funds or institutions reporting positions in fuboTV. This is an increase of 18 owner(s) or 5.54% in the last quarter. Average portfolio weight of all funds dedicated to FUBO is 0.05%, an increase of 18.22%. Total shares owned by institutions increased in the last three months by 10.90% to 122,699K shares. 
The put/call ratio of FUBO is 0.53, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,077K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 9,312K shares, representing a decrease of 2.59%. The firm increased its portfolio allocation in FUBO by 3.75% over the last quarter.
IWM - iShares Russell 2000 ETF holds 7,565K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 6,564K shares, representing an increase of 13.24%. The firm increased its portfolio allocation in FUBO by 6.14% over the last quarter.
D. E. Shaw holds 6,664K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 1,812K shares, representing an increase of 72.81%. The firm increased its portfolio allocation in FUBO by 266.66% over the last quarter.
Geode Capital Management holds 6,141K shares representing 2.05% ownership of the company. In it's prior filing, the firm reported owning 5,853K shares, representing an increase of 4.69%. The firm increased its portfolio allocation in FUBO by 9.76% over the last quarter.
Millennium Management holds 5,130K shares representing 1.71% ownership of the company. In it's prior filing, the firm reported owning 4,576K shares, representing an increase of 10.79%. The firm increased its portfolio allocation in FUBO by 14.46% over the last quarter.
fuboTV Background Information
(This description is provided by the company.)
fuboTV (NYSE: FUBO) is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. With fuboTV's base plan, subscribers can stream a broad mix of 100+ live channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49), with the option to add dozens of additional networks. Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K. fuboTV was also the first U.S. virtual MVPD to enter Europe with the 2018 launch of fuboTV España. fuboTV launched fubo Sports Network, the live, free-to-consumer TV network featuring live sports and award-winning original programming, in 2019.
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