fuboTV (FUBO) Talks Sports Wagering at Needham Tech Conference

May 18, 2021 6:49 AM EDT
Get Alerts FUBO Hot Sheet
Price: $25.85 -1.22%

Rating Summary:
    7 Buy, 1 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 29
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Needham & Company analyst Laura Martin reiterated a Buy rating and $60.00 price target on fuboTV (NYSE: FUBO) after interviewing the CEO, David Gandler, as part of the Annual Needham Tech Conference. In addition to discussing share gains (590,000 subs at 3/31/21, up 105% y/y) and strong 1Q21 advertising revenue (206% y/y to $12.6mm, ARPU of $7.11), the conversation dove into wagering.

The analyst stated "FUBO believes its strategic position in wagering is better than JVs like DraftKings and DISH because it can track its first party data from both its vMVPD video platform and its owned wagering apps to target specific bets at its audience based on what they have bet on in the past. Higher content immersion should lower churn and SAC, and add to average revenue per FUBO subscriber and lifetime value."

For an analyst ratings summary and ratings history on fuboTV click here. For more ratings news on fuboTV click here.

Shares of fuboTV closed at $20.40 yesterday.

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