First of all I wanna start saying I've been eyeing this stock for a few weeks, mainly because I used their app some time ago to watch international soccer games not usually available on USA networks or streaming services (ESPN, Fox sports).
I found that this company has very few rivals in terms of sports lineup. You could think of ESPN+ as the main rival in USA, but ESPN falls very short when it comes to international sports like soccer games. I also think FuboTV app has a great quality image and interactive games while you watch sports that make this app more unique.
Here is the result of this analysis:
Fubo Current Price: 3.32
TipRanks:
Average price target: $7.75
Highest price target: $20
Lowest price targetL $3
SimplyWall.st:
Fair Value: $14.59
Fubo has a debt, but it has been decreasing and according to SymplyWallst it has more cash than total debt.
MarketBeat:
High Prediction: $32
Average Prediction: $14
Low Prediction: $4.25
346.86 % Upside
OpenInsider:
05/09/2022 Gandler David CEO Purchased +46,000 stocks
05/09/2022 Janedis John CFO Purchased +7000 stocks
Fubotv Press release
They reported a 81% increase in subscribers against 2021
They reported a 100% increase in subscription revenew againas 2021
Personal opinion #1
Fubo might still be considered a small company compared to other streaming services, so what will happen if a big company wants to expand their catalog to include sports? Think of a company that has a desperate need to increase its subscribers and lineup.
Personal opinion #2
FIFA World Cup is coming and Fubo will have all the games.
This is the most popular sport in the world (except for the US).
Personal opinion #3
The FuboTV app is very well pollished with interesting interactive lineup, definitely try it before investing in the stock.
As always do your own research, I do not work at Fubo or know anyone working there.
UPDATE: FUBO jumped 15% today
The reason behind this jump was because FUBO is going to have an extra revenew allowing other networks the use of their license rights in a PPV mode for UEFA games, meaning that even if users don't use Fubo app to watch the games, they'd still get some income.
I'm always analysing stocks that have potential to skyrocket in mid/long term.
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