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fuboTV Stock Surges on Bullish Analyst Call and Improved Financials
fuboTV Stock Surges on Bullish Analyst Call and Improved Financials
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BTCCSquare news:
Shares of fuboTV (FUBO) soared as much as 22.3% on Wednesday following a bullish analyst note from Wedbush's Dan Ives. The streaming specialist's preliminary results showed revenue of $373.5 million, outperforming guidance, while subscriber numbers and net losses improved significantly.
Ives maintained his outperform rating, raising the price target to $6—a potential 69% upside. Market sentiment shifted as conservative management guidance gave way to tangible progress, with subscriber growth reaching 1.69 million against forecasts of 1.57 million.
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