FuboTV surges as brokerages raise PT after strong Q2 prelim results

FuboTV

30/07/2025 17:34

** Shares of FuboTV FUBO.N soar and are on track for their biggest daily jump since January, last up 19.5% at $4.22

** Needham raises PT on the stock by 42% to $4.25

** Another brokerage firm Wedbush raises PT to $6 from $5, noting that Fubo's 2023 turnaround from years of losses positions it to potentially add 500,000-1 mln customers annually, driving over $500 mln yearly revenue growth

** On Tuesday, the sports-focused streaming service reported preliminary results; sees Q2 North America revenue above analysts' estimates as per data compiled by LSEG

** FUBO also lifts Q2 outlook for North America paid subscribers

** Co is set to announce second-quarter results on August 8

** Including session's moves, stock is up 232% YTD

 (Reporting by Ragini Mathur)

 ((Ragini.Mathur@thomsonreuters.com;))