Sports first live TV streaming platform fuboTV Inc. (FUBO) recently announced that it will launch its integrated predictive, free-to-play games and FanView live stats feature for the September window of the South American Qatar World Cup 2022 qualifying matches (CONMEBOL).
Following the news, shares of the company appreciated 1.8% on Monday. However, it pared its gains slightly to close at $27.36 in extended trade.
From September 2, fuboTV subscribers can seamlessly stream CONMEBOL matches, use FanView to monitor stats and scores next to and under a reduced-size video player, and play free predictive games — all on one screen. Further, a leaderboard for each game and subscription to notifications for the latest updates will also be made available.
While the predictive, free-to-play games will be available on Android mobile, iOS mobile, Android TV, Fire TV, Roku and the web, FanView will be available on Android TV, Fire TV, LG TV, Roku, Samsung Smart TV, Xbox One’s family of devices and the web.
The CEO of fuboTV, David Gandler, said, “fuboTV’s vision to define a new category of interactive sports and entertainment television takes a major step forward with our launch of free games and FanView. We believe this will mark the first time any company has integrated live streaming television, free games and live stats within the same platform, on the big screen. With free games and our upcoming Fubo Sportsbook real-money wagering app, we intend to deliver a truly interactive streaming experience, one that we expect will improve engagement and retention to fuboTV while also driving advertising revenue.” (See fuboTV stock chart on TipRanks)
Recently, Barrington analyst James Goss reiterated a Buy rating on the stock with a price target of $37. The analyst’s price target implies upside potential of 34.4% 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 59.3% 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 181% over the past year.
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