Needham analyst Laura Martin raised the firm’s price target on FuboTV (FUBO) to $3.50 from $2 and keeps a Buy rating on the shares. The company’s Q4 results saw “impressive” margin expansion as the company added 47K global subscribers and achieved North America Average Revenue Per User of $87.90 per month, up 1%, the analyst tells investors in a research note. The management also reiterated that it still plans to become self-funding in 2025 thanks to its rapidly improving EBITDA and free cash flow, the firm adds.
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Read More on FUBO:
- Mixed Outlook for fuboTV Amidst Strategic Challenges and Opportunities
- FuboTV’s Financial Turnaround and Strategic Prospects Justify Buy Rating
- Mixed Signals and Uncertainties Lead to Hold Rating for fuboTV Amid Subscriber Growth Challenges and Strategic Opportunities
- FuboTV Reports Record Growth and Strategic Partnerships
- FuboTV’s Earnings Call: Growth Amid Challenges
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