Shares of FuboTV Inc. (NASDAQ:FUBO) are trading higher Tuesday after two firms adjusted their price targets and ratings of the stock.
Wedbush analyst Alicia Reese maintained an Outperform and raised the price target to $24 while Barrington Research’s James Good upgraded FuboTV to Outperform and set a price target of $16.
The positive analyst coverage comes a day after FuboTV guided for adjusted EBITDA of $80 million to $100 million in fiscal 2026 and at least $300 million in fiscal 2028, alongside a plan to exit 2026 with at least $200 million in cash.
The company also guided for positive free cash flow in fiscal 2027 and fiscal 2028 under the current operating plan.
FuboTV stock carries a consensus Buy rating with an average price target of $9.87.
FuboTV is trading 4.7% above its 20-day simple moving average (SMA), which suggests short-term dip-buying is showing up. At the same time, it's trading 49.7% below its 100-day SMA, which indicates the intermediate trend is still pointed down.
Moving average structure remains a headwind: the 20-day SMA is below the 50-day SMA, and the death cross in December (50-day SMA below the 200-day SMA) reflects a longer-running bearish trend backdrop. The moving average convergence divergence (MACD), a trend/momentum measure, is slightly constructive with the MACD above the signal line, suggesting downside pressure is easing rather than accelerating.
The longer-term picture is still defined by damage: the stock is down 61.22% over the last 12 months, which is backward-looking but frames why rebounds can be sharp and choppy. Within the 52-week range ($8.31 to $56.64), price is much closer to the low than the high, suggesting positioning remains defensive despite today's lift.
FUBO Stock Price Activity: FuboTV shares were up 3.48% at $12.49 at the time of publication on Tuesday, according to Benzinga Pro data.
Image: Shutterstock
Contact Us
Contact Number :+852 3852 8500
English