HomeMost Popular Seaport Global Envisions Bright Future for fuboTV (FUBO)

Seaport Global Envisions Bright Future for fuboTV (FUBO)

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Seaport Global Boosts fuboTV Outlook

Fintel’s report on March 4, 2024, unveiled Seaport Global’s decision to elevate their stance on fuboTV (NYSE:FUBO) from Neutral to Buy.

Analyst Predictions Point to 82.53% Upside

Recent data as of February 24, 2024, revealed that the average one-year price target for fuboTV stands at $3.47. Estimates vary from a low of $2.02 to a high of $5.25, showcasing an anticipated surge of 82.53% from its latest closing price of $1.90.

Strong Revenue Projections for fuboTV

fuboTV is expected to rake in approximately $1,670MM in projected annual revenue, showing a significant uptick of 22.06%. The non-GAAP EPS forecast is set at -1.47.

Insight into Fund Sentiment

The latest data indicates that 343 funds or institutions have reported positions in fuboTV, marking a rise of 18 owners or 5.54% in the last quarter. The average portfolio weight allocated to FUBO among all funds stands at 0.05%, signaling an increase of 18.22%. Institutional ownership has seen a 10.90% uptick in the last three months, reaching 122,699K shares. The put/call ratio of FUBO is 0.53, reflecting an optimistic outlook.

Shareholder Activities

Key institutional players like Vanguard Total Stock Market Index Fund Investor Shares, iShares Russell 2000 ETF, D. E. Shaw, and Geode Capital Management have made significant moves in their FUBO holdings. These actions indicate a mix of decreases and increases in ownership percentages, showcasing a dynamic investment landscape.

A Glimpse into fuboTV’s Background

fuboTV (NYSE: FUBO) stands out as a top sports-first live TV streaming platform, catering to a vast audience with tens of thousands of live sporting events yearly, alongside premium news and entertainment content. With continuous innovation and a commitment to enhancing the viewing experience, fuboTV has carved a unique niche in the streaming industry. Its foray into Europe and the launch of fubo Sports Network underline the company’s proactive approach towards growth and expansion.

Fintel’s Role in Investment Research

Fintel serves as a comprehensive investing research platform for a wide range of investors, providing valuable insights, data, and stock picks fueled by advanced quantitative models. With a diverse array of resources covering fundamentals, ownership data, options sentiment, and more, Fintel empowers investors to make informed decisions.

Tap here Visit Fintel

This piece was originally published on Fintel.

The opinions expressed are solely those of the author and not of Nasdaq, Inc.

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