Wedbush reiterated a Buy rating on fuboTV (FUBO), Kept the PT Unchanged

fuboTV Inc. (NYSE:FUBO) is one of the 11 Hot Penny Stocks to Buy Right Now. On July 2, Wedbush analyst Alicia Reese reiterated a Buy rating on fuboTV Inc. (NYSE:FUBO) with a price target of $5.

The reiterated bullish sentiment comes after the company on June 26 announced its multi-year agreement with Weigel Broadcasting Co. for the distribution of seven networks. The networks include MeTV, H&I, MOVIES!, and WCIU, The U. MeTV is known as America’s top classic TV entertainment network.

As a result of this agreement, Fubo’s Pro and Elite plan subscribers can now watch Weigel’s national entertainment networks. Moreover, for viewers in the Chicago area, there is even more content as they get access to WCIU-TV, which offers local sports, news, and entertainment.

fuboTV Inc. (NYSE:FUBO) is a TV streaming company that offers subscribers access to live sports events each year, along with other entertainment content.

While we acknowledge the potential of FUBO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.