FuboTV Stock Pops on Upbeat Revenue, Forecast

The stock had been careening lower on the charts

Deputy Editor
May 12, 2021 at 10:45 AM
facebook twitter linkedin


The shares of FuboTV (NYSE:FUBO) are soaring today, up 17.4% to trade at $20.73 at last check. The company announced wider-than-expected first-quarter losses of 59 cents per share after the close yesterday. However, it reported a revenue beat, and raised its full-year forecast. The security is also brushing off a price-target cut from Oppenheimer to $32 from $35.

FUBO has been careening lower since its Dec. 22, all-time high of $62.29. Shares have since pulled back all the way to the $14 level, with the 40-day moving average keeping a tight lid on the shares over the past several weeks. In the last six months, though, FUBO has added 23.6%.

Analysts are overwhelmingly optimistic on FuboTV stock. Of the eight in coverage, seven carry a "buy" or better rating, while only one says "hold." Plus, the stock's 12-month consensus price target of $41.50 is a whopping 110% premium to current levels.

FUBO options are taking off post-earnings, with overall volume running at five times what's typically seen at this point. So far, 99,000 calls and 52,000 puts have crossed the tape, with the weekly 5/14 21-strike call, where new positions are being opened, seeing the most activity. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners