Sunday, April 25, 2021 4:18:42 PM
We believe FUBO stock is fundamentally undervalued.
Long-term, we have confidence in fuboTV’s ability to acquire exclusive local and international sports content, amass an unrivaled war-chest of live sports streaming rights, launch an interactive digital sportsbook that integrates with its streaming platform, and ultimately put all those pieces together to create the world’s first all-in-one, digital sports-betting-and-streaming platform where consumers can interactively watch and bet on sports through a digital platform.
We see this as the future. If fuboTV does successfully create this platform, then FUBO stock will one day be worth multiples of itself.
Execution risks here are large. But fuboTV’s market cap is small. Even minimal success in this pursuit could result in multi-bagger returns.
The consensus analyst price target on FUBO stock is $46. We think shares are worth at least $50, based on the company’s long-term earnings growth potential.
We see 100%-plus upside in shares over the next 12 months.
FUBO stock is a great play on the fact that the world is pivoting from linear TV to streaming TV. This pivot encompasses Netflix, fuboTV, Roku (NASDAQ:ROKU), Disney (NYSE:DIS), AT&T (NYSE:T) and so many more. By the end of the decade, everything we watch will be through the internet. Cable boxes will be as obsolete as CD players are today.
Netflix stock is the blue-chip stock to buy to play this streaming revolution. Roku stock is a higher-upside but still relatively safe bet. fuboTV stock may be the highest upside play in the space. That’s why it belongs in my Innovation Investor portfolio, which is focused on investing in emerging companies pioneering breakthrough technologies and business models which could change the world.
It’s basically a portfolio aimed at finding the next Amazon (NASDAQ:AMZN), the next Facebook (NASDAQ:FB), and the next Tesla (NASAQ:TSLA)… before everyone else.
FuboTV fits that billing. It’s the next Netflix.
https://investorplace.com/hypergrowthinvesting/2021/04/sports-could-save-fubotv-stock-from-a-netflix-like-downturn/
Recent FUBO News
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Fubo Launches Proprietary CTV Ad Format for Branded Video Content; Major National Retailer’s Back-to-School Campaign Leverages “The Triple Play” • Business Wire • 09/06/2024 01:00:00 PM
- Fubo Launches BKFC TV FAST Channel • Business Wire • 08/22/2024 06:00:00 PM
- Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack • IH Market News • 08/22/2024 09:37:42 AM
- FuboTV Soars 12% After Venu Sports Block, Goldman Sachs Lowers U.S. Recession Odds, BHP Ends Chile Strike • IH Market News • 08/19/2024 09:28:19 AM
- Fubo Wins Preliminary Injunction Against The Walt Disney Company, FOX Corp. and Warner Bros. Discovery’s Venu Sports Joint Venture • Business Wire • 08/16/2024 08:37:00 PM
- Fubo Sports Network, Canada’s Home of the Premier League, Now Available on Prime Video Channels in Canada • Business Wire • 08/16/2024 01:00:00 PM
- Joby Aviation Seeks Australian Certification, Arcadium Lithium Projects Suspended Due to Oversupply, and More • IH Market News • 08/07/2024 09:47:32 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/06/2024 01:28:51 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/06/2024 01:24:14 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 01:04:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 11:39:02 AM
- Fubo Closed Q2 2024 With 26% Year-over-Year Revenue Growth, 24% Year-over-Year Subscriber Growth and Exceeded Guidance in North America; Global Business Achieved 6th Consecutive Quarter of Year-over-Year Improvement in Profitability Metrics • Business Wire • 08/06/2024 11:30:00 AM
- US Index Futures Rise After Market Sell-off, Oil Prices Trim Losses • IH Market News • 08/06/2024 09:49:06 AM
- Fubo to Announce Q2 2024 Financial Results on August 6, 2024 • Business Wire • 07/22/2024 01:00:00 PM
- Fubo Brings Subscribers NBCUniversal’s Coverage of the Olympic Games Paris 2024, July 26 - August 11 • Business Wire • 07/01/2024 06:00:00 PM
- Fubo Brings Sports-First Live TV Streaming Experience to Comcast’s Xfinity Flex, Xumo Stream Box and Xumo TV • Business Wire • 06/27/2024 03:05:00 PM
- Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08 • Business Wire • 06/17/2024 08:05:00 PM
- Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08 • Business Wire • 05/21/2024 08:05:00 PM
- Fubo to Participate in J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference • Business Wire • 05/10/2024 01:00:00 PM
- Fubo Exceeds Audience Attention Benchmarks for Streaming Platforms and Linear TV According to Attention Data From TVision • Business Wire • 05/09/2024 01:00:00 PM
- Fubo Exceeded Q1 2024 Guidance in North America, Delivering 1.511M Paid Subscribers, $394M Total Revenue • Business Wire • 05/03/2024 11:30:00 AM
- Fubo Unveils New Suite of CTV Ad Offerings During 2024 IAB NewFronts • Business Wire • 05/01/2024 01:00:00 PM
- Statement From Fubo Regarding Warner Bros. Discovery • Business Wire • 04/30/2024 09:00:00 PM
- Fubo to Announce Q1 2024 Financial Results on May 3, 2024 • Business Wire • 04/11/2024 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM