Laura Martin, an analyst from Needham, maintained the Buy rating on fuboTV. The associated price target remains the same with $15.00.
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Laura Martin has given his Buy rating due to a combination of factors tied to fuboTV’s growth, technology, and strategic backing. She highlights that the company delivered strong year-over-year revenue expansion in the most recent quarter and achieved a meaningful improvement in adjusted EBITDA profitability, signaling operating leverage and a more sustainable business model.
Laura Martin’s rating is based on FUBO’s technology-driven culture, which positions it to roll out advanced features such as real-time natural language search that can increase engagement and differentiate it from rival streaming TV bundles. In addition, she views Disney’s ownership stake as a key support, as this relationship offers a measure of downside protection for shareholders alongside the unchanged $15 price target.
In another report released on May 1, Evercore ISI also initiated coverage with a Buy rating on the stock with a $18.00 price target.