FuboTV price target lowered to $2 from $2.50 at Seaport Research

Seaport Research analyst David Joyce lowered the firm’s price target on FuboTV to $2 from $2.50 and keeps a Buy rating on the shares. With fuboTV’s North American subscriber outperformance, cost controls, and de-leveraging financings in Q2, the company is making progress towards its 2025 adjusted EBITDA and free-cash-flow targets, the analyst tells investors. The firm, however, re-weighted its valuation approaches to acknowledge a more risk-averse broader market.