FuboTV’s Strategic Cost-Cutting Fuels Optimism: ‘Laser-Focus’ On Efficiency Spurs Analyst Upgrade
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Shares of FuboTV Inc (NYSE: FUBO) rose in early trading on Monday, after the company reported its fourth-quarter results.
The company is executing well with cost-cutting to conserve cash, so that it may reiterate the 2025 guidance of positive free cash flows, according to Seaport Research Partners.
The FuboTV Analyst: David Joyce upgraded the rating for FuboTV to a Buy, while raising the price target to $2.50.
The FuboTV Thesis: The company recorded higher-than-expected net adds of 141,000 in North America, with lower-than-anticipated net losses in the rest of the world, which drove subscription revenues above estimates, Joyce said …
Full story available on Benzinga.com
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