U.S. markets closed
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • Dow 30

    34,580.08
    -59.71 (-0.17%)
     
  • Nasdaq

    15,085.47
    -295.85 (-1.92%)
     
  • Russell 2000

    2,159.31
    -47.02 (-2.13%)
     
  • Crude Oil

    66.22
    -0.28 (-0.42%)
     
  • Gold

    1,782.10
    +21.40 (+1.22%)
     
  • Silver

    22.45
    +0.17 (+0.76%)
     
  • EUR/USD

    1.1317
    +0.0012 (+0.10%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • GBP/USD

    1.3235
    -0.0067 (-0.50%)
     
  • USD/JPY

    112.8000
    -0.4090 (-0.36%)
     
  • BTC-USD

    48,351.75
    +14.57 (+0.03%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

fuboTV, AT&T SportsNet Join Hands; Street Says Buy

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Sports focused live TV streaming platform fuboTV Inc. (FUBO) recently announced that it has entered into a distribution agreement with AT&T SportsNet to stream AT&T SportsNet Rocky Mountain on fuboTV in the coming days.

Following the news, shares of the company gained 1.4% to close at $25.49 on Monday.

The deal will enable fuboTV access to the regional coverage of Utah Jazz, Vegas Golden Knights and Colorado Rockies, including other ancillary programming and behind-the-scenes content. Initially, the regional sports network will launch on fuboTV in Nevada, Utah, and the surrounding areas.

The Senior Vice-President of Content Strategy and Acquisition for fuboTV, Ben Grad, said, “Today’s partnership agreement with AT&T SportsNet Rocky Mountain will bring sports fans streaming coverage of some of their favorite local teams – just in time for the NBA and NHL seasons. We’re thrilled to welcome another AT&T SportsNet RSN to fuboTV.” (See fuboTV stock chart on TipRanks)

See Top Smart Score Stocks on TipRanks >>

Recently, Needham analyst Laura Martin reiterated a Buy rating on the stock with a price target of $60, which implies upside potential of 135.6% from current levels.

Consensus among analysts is a Strong Buy based on 6 Buys and 1 Hold. The average fuboTV price target of $43.86 implies upside potential of 72.2% from current levels.

fuboTV scores a 9 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Shares have gained 158.3% over the past year.

Related News:
Cleveland-Cliffs Acquires Ferrous Processing and Trading Company for $775M
Apple to Build New Regional HQ in Los Angeles – Report
LINE Today Selects Taboola to Power Ad Module Recommendations

More recent articles from Smarter Analyst: