FuboTV Price Target Cut to $3.50, Analysts Remain Bullish on Growth Opportunities

Wedbush analysts remain bullish on FuboTV, despite a recent price target cut to $3.50 from $5. They believe the company can capitalize on growth opportunities following its combination with Hulu Live and see potential for cost, revenue, and operational synergies. The analysts expect Fubo to leverage Disney's expertise and scale to drive higher advertising ARPU, with a runway to $400 million in EBITDA by FY2028.