BTIG analyst Clark Lampen has maintained their neutral stance on FUBO stock, giving a Hold rating on February 28.
Clark Lampen has given his Hold rating due to a combination of factors affecting fuboTV’s performance. The company’s recent financial results showed a mixed picture, with revenue aligning with expectations but subscriber growth slowing down. This deceleration is attributed to changes in carriage agreements, notably the loss of TelevisaUnivision, which has impacted both subscriber numbers and revenue.
Looking ahead, while there is potential for growth with the introduction of a new sports and broadcast bundle, the first half of 2025 is expected to be challenging. The company’s cost management efforts have been positive, leading to better-than-expected EBITDA and cash generation. However, uncertainties remain, particularly concerning the completion of a deal with Hulu, which could affect cash flow. Given these mixed signals and the need for further evidence of sustainable growth, a Hold rating is deemed appropriate.
According to TipRanks, Lampen is ranked #157 out of 9400 analysts.
In another report released on February 28, Roth MKM also maintained a Hold rating on the stock with a $3.50 price target.