fuboTV shares surged 6% in morning trading

Tiger Newspress2021-10-14

fuboTV shares surged 6% in morning trading as fuboTV, AT&T SportsNet joined hands; Street said Buy.

Sports focused live TV streaming platform fuboTV Inc.(FUBO) recently announced that it has entered into a distribution agreement with AT&T SportsNet to stream AT&T SportsNet Rocky Mountain on fuboTV in the coming days.

The deal will enable fuboTV access to the regional coverage of Utah Jazz, Vegas Golden Knights and Colorado Rockies, including other ancillary programming and behind-the-scenes content. Initially, the regional sports network will launch on fuboTV in Nevada, Utah, and the surrounding areas.

Recently, Needham analyst Laura Martin reiterated a Buy rating on the stock with a price target of $60, which implies upside potential of 135.6% from current levels.

Consensus among analysts is a Strong Buy based on 6 Buys and 1 Hold. The average fuboTV price target of $43.86 implies upside potential of 72.2% from current levels.

fuboTV scores a 9 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Shares have gained 158.3% over the past year.

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