FUBO - FuboTV To Bear The Brunt Of Higher Legal Costs Against ESPN - Analyst's View | Benzinga
Needham analyst Laura Martin reiterated the Buy rating on FuboTV Inc (NYSE:FUBO), lowering the price target to $2 from $3.
Martin maintained the fiscal year 2024 estimates but revised the fiscal year 2025 projections due to increased marketing costs in a more competitive environment compared to the previous fiscal year.
FuboTV is also likely to bear the brunt of higher cash costs attributable to the lawsuit it has filed against the new ESPN virtual MVPD.
For the second quarter, the analyst sees revenue of $402.3 million (up 29% year over year), with Subscriptions revenue of $346.2 million (up 20%), and Advertisements rev of $25.4 million ...