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December 10th, 2021 
Awake Goy JPMorgan analyst Anna Lizzul initiated coverage of FuboTV Inc (FUBO) with an Overweight rating and a $28 price target, implying a 41.63 percent upside.
FuboTV launched in 2015 and is a live TV streaming platform, providing subscribers access to live sports, entertainment, and news, Lizzul tells investors in a research note.
The analyst sees value in the platform as a sports-centric virtual multichannel video programming distributor service but notes the company operates in a “highly competitive environment.”
While she sees some long-term risks to the business model, Lizzul believes FuboTV shares present an attractive entry point given the 40 percent decline since the Q3 earnings report.
FuboTV reported third-quarter revenue of $156.7 million, up 156 percent year-over-year, beating the consensus of $143.6 million. Advertising revenue was up 147 percent Y/Y to $18.6 million.
FuboTV raised its full-year revenue guidance from $560 million–$570 million to $612 million–$617 million, above the consensus of $577.7 million.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
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