fuboTV (FUBO) PT Lowered to $16 at Oppenheimer

Oppenheimer analyst Jason Helfstein lowered the price target on fuboTV (NYSE: FUBO) to $16.00 (from $42.00) but sees the company tracking towards a beat.

The analyst reiterated an Outperform rating, stating "FUBO’s trending toward 4Q subscriber beat on strong NFL viewership. We highlight tougher 1Q comps and management briefly tested quarterly signups. We believe new CFO will provide investors a road-map for profitability on investor day and 30% of total sportsbook registrations in AZ/IA have FuboTV."

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