The old axiom of what goes up must come down, is particularly fitting right now for fuboTV (FUBO). The sports-focused streaming platform came hurtling out of the gates following its public debut in October, with shares increasing more than five-fold in little over two months.
However, over the past 7 days, the stock has handed 37% of the gains back to the market. A sell-off was only to be expected after such an implausible run-up, but the dump has been particularly eye-catching.
One analyst, however, thinks this lower stock price could offer new investors an opportunity to get into FUBO on the cheap.
Roth Capital analyst Darren Aftahi rates the stock a Buy along with a $55 price target. The implication for investors? Upside of