FuboTV price target raised to $2 from $1.75 at Roth MKM

Roth MKM analyst Darren Aftahi raised the firm’s price target on FuboTV to $2 from $1.75 and keeps a Neutral rating on the shares. The firm notes FuboTV secured a preliminary injunction against the launch of Venu, temporarily removing near-term competitive risk. However, ongoing challenges persist, including competition, cash burn, a reliance on price increases, and reduced content offerings, Roth adds. FuboTV’s ad business remains underdeveloped, and while FAST channels and free-ad-supported tiers are forthcoming, achieving sustainable profitability still appears challenging without significant growth in advertising revenue, the firm argues.