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Fubotv published preliminary results in the second trimester that exceeded the expectations from afar.
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Wedbush analyst Dan Ives has considerably increased its course objective.
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Fubotv has set up a remarkable turnaround, and there could be better days to come.
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10 actions that we love better than Fubotv ›
Actions of FUBOTV (NYSE: FUBO) Loaded heavily on Wednesday, increasing up to 22.3%. At 11:53 a.m., the stock was still up 22%.
The catalyst that sent the superior streaming video specialist was a bullish call by a Wall Street analyst after the company has published positive preliminary financial results.
Wedbush analyst Dan Ives has published a positive note to Fubotv investors, maintaining his outperformance note (buy) on action and increase his price target to $ 6, compared to $ 5. For those who keep the scoring at home, this represents potential gains for investors by 69%, compared to the closing price on Tuesday. The analyst cited the preliminary results of the company as encouraging and noted that management guidelines were conservative.
Fubotv published its preliminary results on Tuesday, and although the decreases continued, the company has shown progress. Revenues should reach around $ 373.5 million, which would be a drop of 4.5% from one year to the next, but the results were much better than previous management forecasts, which required a turnover of $ 352 million.
The subscribers were also better than expected. Total subscribers should go to 1.69 million, compared to 1.57 million previous FUBOTV forecasts.
The company also indicated that its expected net loss of $ 8 million had improved considerably compared to a loss of $ 18 million in the quarter of the previous year.
Fubotv has set up a remarkable return so far this year. After plunging 60% in 2024, the stock skyrocketed 240% in 2025 (at the time of writing this article), and the company continues to progress towards its objective to return to growth from one year to the next. It should start offering “lean packages” later this year, which should revive the growth of subscribers.
At 21 times the 12 -month follow -up profits, FUBOTV shares are always at a reasonable price, especially for investors who are ready to take some risk of additional increases.
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