FuboTV initiated with bullish view at Cantor Fitzgerald, here’s why

Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of FuboTV with an Overweight rating and $5 price target. FuboTV is one of the best pure-play ways to play cord-cutting and the associated shift of advertising dollars away from linear TV and to connected-TV, the analyst tells investors in a research note, adding that the market is overlooking FuboTV’s growing importance to TV network owners as traditional Pay-TV continues to lose subscribers as well as its ability to pass through additional price increases to its subscriber base. The firm believes FuboTV can grow revenue at a 14% CAGR from 2023-2028 and can generate free cash flow margins of 7.4% by 2028.