As a result, fuboTV's stock price has dropped significantly over the past year. Here's why investors are right to be cautious about investing in fuboTV. First, many viewers don't want to pay high prices for TV subscriptions, which could limit fuboTV's ability to raise prices.
J.P. Morgan (NYSE:JPM) cut its rating on streaming service fuboTV (NYSE:FUBO), citing concerns over the sustainability of its long-term business model. The downgrade comes as a surprise considering how the platform generated explosive growth numbers in its first-quarter report. Due to apprehensions surrounding its path to profitability and business model, J.P. Morgan analyst Philip Cusick assigned an underweight rating to FUBO stock. Moreover, he questions the enterprise’s ability to navigate a
FuboTV (NYSE:FUBO) reported its first quarter of 2022 earnings on May 5 after the markets closed, and FUBO stock is down 18.6% since. While the sports-focused video streaming platform reported 102% revenue growth over last year, the 101% increase in its GAAP losses has spooked some but not all investors. In fact, Wedbush analyst Michael Pachter is one of the optimists. He believes that despite the 69-cent adjusted loss per share in Q1 — 16 cents worse than the analyst consensus and 28 cents high