fuboTV Is Oversold

Apr. 27, 2022 12:58 PM ETfuboTV Inc. (FUBO) StockNFLX, FUBO97 Comments
SL Investments
3.17K Followers

Summary

  • fuboTV's stock has suffered from a perfect storm made of uncertainty, losses, and macroeconomic challenges.
  • However, given the current valuation multiple, I believe fuboTV is massively oversold.
  • The company continues its pace of growth attempting to integrate its streaming business with the sportsbook business to capture both markets.
  • Therefore, I believe FUBO is a buy before the earnings report since investors will likely realize that FUBO has been oversold after the earnings report.

Family watching tv and eating popcorn at home

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Introduction and Thesis

fuboTV's (NYSE:FUBO) stock in recent months has been falling as if the company is going towards bankruptcy. In November 2021, Fubo's stock has been trading at around 27 to 33 dollar range; however, today, despite continuous

This article was written by

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I am a young private investor seeking to find advice and knowledge through my journey in Seeking Alpha. I primarily focus on growth companies and the disruptive future they may bring. Through the rise of technological capabilities, I believe that the world will undergo a massive transition in the coming decade.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FUBO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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