Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

FuboTV Shares Gain On Analyst Upgrade

Fubo Richard Greenfield FuboTV Inc NYSE
  • LightShed Partners analyst Richard Greenfield upgraded FuboTV Inc (NYSE:FUBO) to Neutral from Sell and removed his $6.50 price target. The re-rating follows the stock's selloff. 
  • Fubo shares are down nearly 85% in 13 months while the company is sitting on $375 million of cash, Greenfield notes. 
  • The analyst is taking a wait-and-see approach on whether management "abandons their sports betting 'fantasy' to reduce the cash burn in 2022 and beyond." 
  • While FuboTV shares "could very well be a zero" in the next 24 months," the company could also put itself up for sale, mentions Greenfield.
  • Price Action: FUBO shares traded higher by 9.71% at $9.72 on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Will there be an Arcane season 3? Here's what the creators have said about what's coming next
A look ahead to League of Legends' on-screen future
Total Film
Total Film
I Tried Lab-Grown Salmon. Here's What It Tasted Like.
Cultivated meat is getting better and better. That's why states keep trying to ban it.
Reason
Reason
Beatles songs "imprinted" on Paul Reiser
On "Everything Fab Four," he discusses his new comedy special, working with Michael McDonald and visiting Liverpool
Salon
Salon
Best tinted serums to get your skin glowing
The ultra-lightweight base product packed with skin-loving ingredients
Evening Standard
Evening Standard
Dua Lipa’s pickle drink is latest twist in growing appreciation for ‘dirty’ cocktails
Brine from pickled onions, beetroot, pickles and even oysters is now a fixture on bar menus across the UK
The Guardian - UK
The Guardian - UK
Mouth-taping, TikTok’s latest trend, won’t give you a ‘snatched’ jaw. Here’s what it might do
IN FOCUS: As the trend of taping one’s lips closed at night goes viral, Inga Parkel speaks to experts about whether the practice actually has any aesthetic benefits – or if it’s yet another online sensation best to brush off
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play