Fubo stock price forecast revenue beat expectations in the last

Revenue beat expectations in the last quarter, prompting upward revisions to the fubo stock price forecast. Analysts project that maintaining above 1.5M total subscribers will be critical for sustaining the momentum. A week ago, fuboTV Inc. ( NYSE:FUBO ) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. Results overall were credible, with revenues arriving 5.5% better than analyst forecasts at US$402m. Higher revenues also resulted in lower statutory losses, which were US$0.19 per share, some 5.5% smaller than the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. Here’s a breakdown of recent trading of $FUBO stock by insiders over the last 6 months: Chart-based traders observe that the fubo stock price forecast aligns with a bullish cup-and-handle pattern forming on the weekly timeframe, hinting at a potential $3.60 price target if momentum persists.