FUBO

FuboTV: strong earnings, analysts raise target, and short squeeze potential

The streaming company reports better-than-expected earnings, receives target raises from analysts, and presents data suggesting short squeeze potential.

By the SpyStocks desk · 5y ago · 2 min read

$FUBO

The company owns and operates radio broadcasting stations; it provides and produces services for radio channels, television programs, and broadcasting stations.

The company is a streaming company that offers subscribers access to tens of thousands of live sports events and various news content.

The company's customers have access to content via phones, smart TVs, mobile phones, tablets, and computers

The company reported very good earnings yesterday after hours, beating revenue expectations of $103 million, with the company bringing in $119 million in the first quarter of 2021.

The stock is up about 18% in pre-market trading. Analyst coverage: Oppenheimer analyst Jed Kelly maintained a Buy rating on fuboTV on Wednesday, setting a price target of 32 – coverage from the last few minutes

Roth Capital gives a price target of $55!

Technically: current price: $21.78, first target in my opinion: $24.10, second target in my opinion: $40, stop loss: $14.43, debt-to-equity ratio: 1.4

Note that the stock has 14.85% short interest. There could be the beginning of a short squeeze here.

Personal opinion only! Anyone using this information does so at their own discretion and personal responsibility only

Related Stories

IREN: options whales predicted the decline

Option WhalesIREN9h ago1 min read

Nvidia jumps: partnership with Amazon and cancellation of stock sale

BreakingNVDA1d ago1 min read

TTMI stock jumps 15%

PremiumBreakingTTMI2d ago1 min read