FuboTV (NYSE:FUBO) Sees Significant Price Target Increase from Seaport Global

Group 1 - FuboTV (NYSE:FUBO) is a virtual Multichannel Video Programming Distributor (vMVPD) offering streaming services, including live sports, news, and entertainment [1] - Seaport Global has set a price target of $3 for FuboTV, indicating a potential upside of about 85.19% from its current trading price of $1.62 [1][6] - The company has received a Buy rating, highlighting strong growth potential, particularly following its merger with Disney's Hulu + Live TV segment, which is expected to enhance market presence [2][6] Group 2 - Short interest in FuboTV has increased to 18.1% year-to-date, with a 30-day average short volume of around 39%, suggesting the potential for a short squeeze that could drive the stock price higher [3][6] - FuboTV's current trading price is $1.62, having decreased by 8.47% today, with a trading range between $1.56 and $1.78 [4] - The company's market capitalization is approximately $571.4 million, with a trading volume of 24.36 million shares, indicating significant investor interest [5]