FuboTV Stock Plunges 20% on Reverse Stock Split News: Buy the Dip?

FuboTV's stock plunged 20% after announcing a reverse stock split, but long-term investors should consider buying at current levels due to improving financials and a low valuation of 0.4x annual revenue. The company's merger with Disney's Hulu and Live TV is expected to drive synergies and improve operational metrics. Wall Street analysts agree that the selloff has gone too far, with a consensus rating of "Hold" and a mean target price of $4.62, indicating potential upside of 19%.