• JPMorgan analyst Anna Lizzul INITIATED COVERAGE OF FuboTV Inc (NYSE:FUBO) with an Overweight rating and a $28 price target, implying a 41.63% upside.
• FuboTV launched in 2015 and is a live TV streaming platform, providing subscribers access to live sports, entertainment, and news, Lizzul tells investors in a research note. 
• The analyst sees value in the platform as a sports-centric virtual multichannel video programming distributor service but notes the company operates in a "highly competitive environment." 
• While she sees some long-term risks to the business model, Lizzul believes FuboTV shares present an attractive entry point given the 40% decline since the Q3 earnings report.
• FuboTV reported third-quarter revenue of $156.7 million, up 156% year-over-year, beating the consensus of $143.6 million. Advertising revenue was up 147% Y/Y to $18.6 million.
• FuboTV raised its full-year revenue guidance from $560 million - $570 million to $612 million - $617 million, above the consensus of $577.7 million.
• Price Action: FUBO shares traded lower by 0.66% at $19.9 in the premarket session on the last check Thursday.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.