Fubo Stock Forecast: Fubo CRASHES 20% after Lower Forecast, Time to DUMP the stock?

Fubo Stock Forecast: Fubo CRASHES 20% after Lower Forecast, Time to DUMP the stock?
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Fubo Stock Forecast: Highlights
FuboStock Forecast: Shares of FuboTV Inc is expected to trade between $2.8 and $4.0. The overall trend is Negative.
-The average 12-month target for Fubo is $15.25.
Zacks investment analysts rated this stock as a Buy
-Positives: Revenue growth and Bullish Forecasts.
-Negatives: The stock is down over 80% from its peak of $35.45 in Nov 2021.

Latest FuboTV stock price

The stock closed lower but has had two positive days out of 4. The stock has outperformed NASDAQ in the last 5 days. The momentum is likely to remain negative but recovery is not far away.

Metric
Value
Trend
Volume
36 M
Higher
Forward PE (1 Year)
-1.6
N/A

Earnings Update

  • Revenue up 98% Year on Year
  • Advertising revenue up 81% Year on Year
  • Revenue Guidance for FY 2022 lowered from $1.08 B to $1.02 B

On Google, Search Volumes for Fubotv stock are lower compared to yesterday.

Fubo Stock Forecast: Momentum Summary

Indicator
Trend
Price
Lower
Volume
Higher
Performance versus NASDAQ
Lower
Technical Indicator
Sell
Google Search
Lower
Social Media Buzz Momentum
Lower

Fubo Stock Forecast: Performance Chart

Stock Name
Last 5 Days
1 month
YTD
-14.0%
-46.8%
-79.9%
-1.5%
-12.6%
-23.3%

Fubo Stock Forecast: Competition Analysis

Stock Name
Performance in last 6 months
Performance in last 1 month
Zacks Ratings
Price Target for 12 months
-88.9%
-48.6%
$15
-23.4%
-16.0%
$91
-22.2%
-16.1%
$6
-4.6%
-10.3%
$58

Fubo Stock Forecast: Technical Analysis

Source
Support
Resistance
Recommendation
$3.4 (S3)
$4.4 (R1)
Sell
$2.2 (S3)
$3.6 (R1)
Sell

Fubo Stock Forecast: CrowdWisdom360-Insights

  • Fubo thrived at the start of the pandemic, like other digital entertainment companies, as people spent more time at home. FuboTV has maintained its momentum despite the reopening of economies. In 2021, the company’s revenue will nearly triple to $631 million.
  • On February 23, fuboTV announced its fourth-quarter (Q4) results and provided subscription and revenue estimates for the first quarter. According to the corporation, the Q1 subscriber base will increase from 1.1 million at the end of 2021 to between 1.263 and 1.273 million in Q2. This is an increase of between 14.8% and 15.4% in just the first quarter. The midpoint increase is 1.268 million, or a 15.3% increase.
  • Zacks investment analysts estimated that Fubo will report a $238.42 million revenue in the current quarter with a growth rate of 99.1% upside from the previous year’s same quarter revenue.
  • The recent biggest competitor for Fubo has been Magnate. Magnite is an advertising technology business that was founded to actively chase the connected TV market (CTV). Magnite is classified as a sell-side ad-tech firm. It’s the largest independent firm that specializes in its field. To state the obvious, Some publishers have their own technical solution. Magnite, on the other hand, is self-contained, which means it is not a publisher. It’s purely an ad-tech bet.
  • Analysts continue to be bullish on the stock. If subscriber and revenue growth is as expected by the end of the year, FUBO stock will be worth at least twice as much as it is now. To put it another way, the analysts will be right.

Fubo Stock Forecast: Why is Fubo Stock Dropping?

The reason of stock losing 80% of its value from its last year’s peak, the company is still losing money. Unprofitable businesses appear to be the last choice of investors. Despite the revenue growth, Fubo is losing money quarter by quarter. These continued losses might be the reason for investors showing less interest in this stock. This gets worse, because Fubo is up against the stiff competition in the business, with each company fighting for its shares.

Subscription-related expenses were $216 million in the fourth quarter, while total revenue reached $231 million. It will be difficult if Fubo cannot decrease some of these costs and increase profits.

Fubo Stock Forecast: Latest FuboTv News and Prediction Tweets

Fubo Stock Forecast: Latest FuboTV Stock News

Fubo Stock Forecast: FuboTv Social Media Sentiments ($FUBO)

Last 7 days
Last 24 hours
Trend
Net Sentiment
-9.0%
-14.0%
Lower

Fubo Stock Forecast: Future Outlook for FuboTV

  • On November 3, FuboTv launched Fubo Sportsbook, an online betting service, in the US starting with Iowa. The sportsbook service is integrated with live TV services to expand the horizon of the company.
  • Last year, the trading in Fubo was a risky proposition. It moved up and down like a roller coaster and that was not cautious for ideal investors. But things started to cool off in the last 2 months as it is no longer the target of Reddit traders as it used to be in the past year.
  • It is also possible that the short squeeze mob may target the stock again as they did in January this year and Fubo stock may revisit 52 week high of $62 depending on the company’s ability to generate revenue and cut its losses.
  • FuboTv is expected to benefit from a number of partnerships like multi-year partnership with Fubo Sportsbook, to become official betting partner of club. Fubo Sportsbook is set to debut during 2021-22 NFL season. This is first authorized mobile sports betting lounge in MetLife Stadium.
  • With its partnership, FuboTv growth trajectory is expected to gain momentum in 2022. By 2025, analysts believe that FuboTv is expected to touch 2 million subscribers and revenues are expected to increase at compound annual growth rate of nearly 60 percent which is well above market expectations.
  • Stock is expected to touch new heights, but it is not going to happen overnight. Partnerships is expected to deliver in couple of years, revenue is expected to grow at brisk pace and that will turn the company’s balance sheet, a profit generating one which will fuel the upside of stock price.

Read: Gold Price Forecast

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Coins. Please consult a registered investment advisor to guide you on your financial decisions. 

Fubo Stock Forecast

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