Evercore ISI lowered the firm’s price target on FuboTV (FUBO) to $2.50 from $3 and keeps an In Line rating on the shares following what the firm calls a “Beat and Lower Print” in Q4. Q1 and FY24 guidance both “disappointed” and the pending lawsuit against Disney (DIS) Fox (FOX) and Warner (WBD) brings “greater uncertainty,” the analyst tells investors in a post-earnings note.
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- FuboTV sees FY24 revenue $1.82B-$1.88B, consensus $1.62B
- FuboTV sees Q1 revenue $371.6M-$383.6M, consensus $393.61M