FuboTV price target raised to $24 from $3.50 at Wedbush

Wedbush raised the firm’s price target on FuboTV (FUBO) to $24 from $3.50 and keeps an Outperform rating on the shares. The firm notes FuboTV issued a proactive shareholder letter, anchored by formal FY2026 Pro Forma Adjusted EBITDA guidance and a new FY2028 Adjusted EBITDA target. Fubo’s shares had been under pressure since it reported first-quarter results as a combined business with Hulu Live, as it withheld forward guidance and announced a reverse stock split. While this remains a show-me story that needs a clear vision, this reset provides a floor for institutional investors to participate in upside over the next two years, argues Wedbush.