Market News

fuboTV, AT&T SportsNet Join Hands; Street Says Buy

Sports focused live TV streaming platform fuboTV Inc. (FUBO) recently announced that it has entered into a distribution agreement with AT&T SportsNet to stream AT&T SportsNet Rocky Mountain on fuboTV in the coming days.

Following the news, shares of the company gained 1.4% to close at $25.49 on Monday.

The deal will enable fuboTV access to the regional coverage of Utah Jazz, Vegas Golden Knights and Colorado Rockies, including other ancillary programming and behind-the-scenes content. Initially, the regional sports network will launch on fuboTV in Nevada, Utah, and the surrounding areas.

The Senior Vice-President of Content Strategy and Acquisition for fuboTV, Ben Grad, said, “Today’s partnership agreement with AT&T SportsNet Rocky Mountain will bring sports fans streaming coverage of some of their favorite local teams – just in time for the NBA and NHL seasons. We’re thrilled to welcome another AT&T SportsNet RSN to fuboTV.” (See fuboTV stock chart on TipRanks)

See Top Smart Score Stocks on TipRanks >>

Recently, Needham analyst Laura Martin reiterated a Buy rating on the stock with a price target of $60, which implies upside potential of 135.6% from current levels.

Consensus among analysts is a Strong Buy based on 6 Buys and 1 Hold. The average fuboTV price target of $43.86 implies upside potential of 72.2% from current levels.

fuboTV scores a 9 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Shares have gained 158.3% over the past year.

Related News:
Cleveland-Cliffs Acquires Ferrous Processing and Trading Company for $775M
Apple to Build New Regional HQ in Los Angeles – Report
LINE Today Selects Taboola to Power Ad Module Recommendations

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed