Wedbush, a prominent financial services firm, has significantly revised its FY2027 earnings estimates for fuboTV Inc. (NYSE:FUBO), signaling a bolstered outlook for the streaming sports platform. This optimistic adjustment reflects a growing confidence in fuboTV’s future financial performance and market position, drawing considerable attention from investors and market analysts alike.

Specifically, Wedbush analyst A. Reese now anticipates fuboTV will achieve earnings per share (EPS) of $0.18 for the fiscal year 2027, an notable increase from their previous projection of $0.15. This upward revision is complemented by Wedbush maintaining an “Outperform” rating on the stock, alongside a $6.00 price target, underscoring their positive long-term view.

While Wedbush’s outlook is strong, the broader consensus estimate for fuboTV’s current full-year earnings remains at a loss of ($0.51) per share, indicating some divergence in analyst expectations. However, other firms are also showing increased confidence; Needham & Company LLC recently lifted their price target on fuboTV from $3.00 to $4.25, reiterating a “buy” rating in their latest report.

A comprehensive look at analyst sentiment reveals a “Moderate Buy” consensus rating for fuboTV, with a collective price target of $4.63, according to MarketBeat. This consensus is derived from a mix of ratings: three equities research analysts have assigned a “hold” rating, two have issued a “buy” rating, and one has given a “strong buy” rating to the company’s stock, painting a nuanced picture of market opinions.

fuboTV shares commenced trading at $3.98 on Thursday, exhibiting dynamic movement within the market. The company’s stock has shown resilience, with its fifty-day moving average positioned at $3.49 and its two-hundred-day moving average at $3.36, indicating a generally positive trend in its recent performance.

Further financial scrutiny reveals fuboTV’s market capitalization stands at $1.36 billion, with a P/E ratio of 19.88 and a beta of 2.22, signifying its volatility relative to the broader market. Over the past twelve months, the company has experienced a low of $1.15 and a high of $6.45, alongside a quick ratio of 0.70, a current ratio of 0.70, and a debt-to-equity ratio of 0.48, providing a snapshot of its liquidity and leverage.

Institutional investor activity shows a strategic accumulation of fuboTV shares. The Manufacturers Life Insurance Company, for instance, modestly grew its holdings by 2.5% during the fourth quarter, now owning 109,816 shares valued at $138,000. Similarly, USAdvisors Wealth Management LLC boosted its position by 2.7% in the second quarter, acquiring an additional 3,000 shares to reach a total of 114,031 shares, valued at $439,000.

Other major institutional players have also adjusted their stakes. Corebridge Financial Inc. increased its ownership by 2.1% in the fourth quarter, holding 160,328 shares valued at $202,000. Principal Financial Group Inc. significantly grew its stake by 23.3% in the first quarter, now owning 22,468 shares worth $66,000. MetLife Investment Management LLC also saw a 3.0% increase in its position during the first quarter, bringing their total to 207,550 shares, valued at $606,000.

Collectively, hedge funds and various other institutional investors currently hold a substantial 39.31% of fuboTV’s outstanding stock, highlighting a significant level of institutional confidence and involvement in the company’s equity. This strong institutional backing often signals a positive long-term outlook for the company’s growth prospects within the competitive streaming landscape.