fuboTV stock surged 9% in Monday morning trading as a sell-side analyst highlighted the company as potential takeover targets.
Streaming sports provider fuboTV and iGaming and sportsbook operator Rush Street Interactive got a lift from comments by Oppenheimer analyst Jed Kelly mentioning both names as obvious candidates for would-be suitors.
"We expect industry consolidation to be a major theme over the next two years, and see RSI and FUBO as the most likely take-out candidates within our coverage universe,”said Kelly in a note to clients.