• Seaport Global sets a new price target of $3 for FuboTV (NYSE:FUBO), indicating an 85.19% potential upside.
• The company's merger with Disney's Hulu + Live TV segment is expected to drive growth and market expansion.
• A high level of short interest at 18.1% year-to-date suggests the potential for a short squeeze, which could significantly increase the stock price.

FuboTV (NYSE:FUBO) is a virtual Multichannel Video Programming Distributor (vMVPD) that offers streaming services, including live sports, news, and entertainment. Recently, Seaport Global set a price target of $3 for FUBO, which is a significant increase from its current trading price of $1.62. This suggests a potential upside of about 85.19%.

The company has been given a Buy rating, indicating strong growth potential, especially after its merger with Disney's Hulu + Live TV segment. This strategic move positions FuboTV to leverage synergies and expand its market presence. Despite the competitive landscape, FuboTV's solid business fundamentals and growth drivers make it a promising investment.

Short interest in FuboTV has surged to 18.1% year-to-date, with a 30-day average short volume of around 39%. This high level of short interest suggests the possibility of a short squeeze, which could drive the stock price higher. A short squeeze occurs when investors who have bet against the stock are forced to buy shares to cover their positions, leading to a rapid price increase.

Currently, FUBO is trading at $1.62, having experienced a decrease of 8.47% today, dropping by $0.15. The stock's trading range for the day has been between $1.56 and $1.78. Over the past year, FUBO has seen a high of $4.72 and a low of $1.56, reflecting its volatility in the market.

FuboTV's market capitalization is approximately $571.4 million, with a trading volume of 24.36 million shares. This indicates a significant level of investor interest and activity in the stock. As FuboTV continues to navigate its competitive environment, its recent developments and market dynamics present potential opportunities for investors.