Goooaaaal! A fuboTV Bull Beats a Bear!
It may seem lame by this week's short-squeezing standards, but a week ago there was an interesting contrast in fuboTV's (NYSE: FUBO) analyst activity. One Wall Street pro (Barrington Research analyst James Goss) initiated coverage of the live-TV streaming service with a bullish outperform rating and a $40 price target. Two days earlier, the bearish Rich Greenfield at LightShed Partners had lowered his Street-low price target on fuboTV from $8 to $6.50.
Goss won the first round of this fight. The stock crossed the $40 mark on Monday of this week. This isn't a surprise: The stock only needed to climb nearly 33% to hit the bull's target. At the time of Greenfield's call, it would've taken a better than 80% plunge to hit his goal.
But you have to admire the bullish call's timing on fuboTV. The stock has risen sharply for five consecutive trading days since Goss picked up coverage of the sports-first streaming platform, soaring a whopping 55% in that five-day run.
Source Fool.com
