Analyst Laura Martin of Needham maintained a Buy rating on fuboTV (FUBO – Research Report), reducing the price target to $3.00.
Laura Martin has given her Buy rating due to a combination of factors that highlight fuboTV’s potential for growth despite some challenges. The company reported a revenue increase of 3% year-over-year in the first quarter of 2025, which was slightly above expectations. Additionally, the average revenue per user in North America and the rest of the world showed positive growth, indicating a strong customer base willing to spend more.
Moreover, fuboTV’s adjusted EBITDA loss showed significant improvement, being 96% better than the previous year and 58% better than estimates, suggesting effective cost management. Despite a decline in advertising revenue and subscriber numbers, the overall financial performance and strategic outlook, including the potential acquisition by Disney, provide a favorable long-term growth trajectory. These factors combined support the Buy rating, reflecting confidence in fuboTV’s ability to overcome current hurdles and capitalize on future opportunities.
Martin covers the Communication Services sector, focusing on stocks such as Roku, Magnite, and Meta Platforms. According to TipRanks, Martin has an average return of -0.5% and a 40.85% success rate on recommended stocks.
In another report released on April 28, Wedbush also reiterated a Buy rating on the stock with a $6.40 price target.