An Analyst Sees 36% Upside After fuboTV Enters Online Sports Betting
Live-streaming sports broadcaster fuboTV (NYSE: FUBO) announced on Tuesday that it was buying fantasy sports outfit Balto Sports as a means of expanding into online sports betting, which an analyst sees as a catalyst for its stock to jump 36% from its current level.
ROTH Capital analyst Darren Aftahi thinks the deal is just one of many fuboTV will be making in the near future as it transitions to a "freemium" and real-money play. The freemium model initially lets users play for free, but in-app purchases allow it to monetize the business.
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Source Fool.com
