fuboTV Inc. (FUBO) is a live TV platform operator that broadcasts sports, news, and entertainment content internationally. The company’s fuboTV platform enables users to access content through streaming devices.
Last month, FUBO stock was downgraded from Outperform to Neutral by Wedbush analysts, which created a 6.5% pullback in its stock. According to Wedbush analyst Michael Pachter, although the company has set bold targets for 2025, which include being free cash flow positive and achieving an adjusted EBITDA margin of positive 15%, the company might run out of cash. Pachter stated that it’s “uncertain how dilutive the capital raise will be and how rapidly their cash burn will improve.”
