The Latest Breaking News from Fubo

Currently trading at less than $10, streaming services provider fuboTV (FUBO) has lost significant ground due to investors' concerns about its weak profitability and poor bottom-line performance. So, let's evaluate if it's worth adding the stock to one’s portfolio, given the rising competition in the streaming space. Read on.

Here is everything you need to know about Fubo, the popular live streaming service that prioritizes sports.

The streaming industry has grown rapidly since the onset of the COVID-19 pandemic, driven by new and advanced technologies, internet penetration, and pandemic-induced lockdowns—all of which have boosted consumption. And since the streaming industry will continue to evolve in 2022, Wall Street analysts expect streaming companies Roku (ROKU), fuboTv (FUBO),…

LightShed Partners analyst Richard Greenfield upgraded FuboTV Inc (NYSE:FUBO) to Neutral from Sell and removed his $6.50 price target. The re-rating follows the stock's selloff.  Fubo shares are down nearly 85% in 13 months while the company is sitting on $375 million of cash, Greenfield notes.  The analyst is taking a wait-and-see approach on whether…