FuboTV downgraded to In Line from Outperform at Evercore ISI

Evercore ISI analyst Shweta Khajuria downgraded FuboTV to In Line from Outperform with a price target of $3, down from $6. The company provided "cautious" Q1 and fiscal 2023 guides despite the Q4 beat, which imply 23% year-over-year revenue growth and 3% subscriber growth, the analyst tells investors in a research note. While Fubo‘s cash burn from operations improved in Q4, the company is doing so through price increases from higher paying, lower churn subs, resulting in moderating subscriber growth, says the firm. It believes Fubo’s fiscal 2025 goals "could prove to be aggressive."