Down Nearly 50% From Its High, Is fuboTV Stock a Bargain Buy?

One of the hottest streaming stocks of 2023 is fuboTV (NYSE: FUBO). The upstart sports streaming specialist has been outperforming behemoths like Netflix (up 29%) and Warner Bros. Discovery (11%) by a wide margin, with gains of around 50% thus far. But despite the impressive performance, fuboTV is still nowhere near its 52-week high of $4.73. Is it a good stock buy right now?

The appeal of fuboTV is that this is a small-cap stock with some promising runway. It offers streaming packages that include live sports. That's something that other streaming services lack. For cord cutters, fuboTV is a potentially more attractive alternative to traditional cable as it has hundreds of channels available.

But with its Ultimate Plan costing $100 per month, it's also comparable to cable in terms of price. However, that hasn't hurt its growth -- the company has been continuing to deliver strong top-line numbers. Revenue totaling $312.7 million for the period ended June 30 was up 41% year over year. For the full year, the company expects its revenue to come in at around $1.3 billion, up 29% from the prior year.

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Source Fool.com