14 Best NYSE Penny Stocks to Buy Now

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9. fuboTV Inc. (NYSE:FUBO)

Share Price: $1.58

Stock Upside Potential: 95.68%

Number of Hedge Fund Holders: 11

Fubotv Inc. (NYSE:FUBO) is one of the best NYSE penny stocks to buy now. On January 23, Fubotv Inc. (NYSE:FUBO) filed prospectus supplements for the potential resale of 947.91 million shares of Class A common stock by Hulu LLC. It also plans to resell 29.27 million shares by a certain stockholder upon conversion of the company’s 2029 Notes.

The resale of shares by Hulu and noteholders comes on the heels of FuboTV repurchasing $140.2 million of its 3.25% Convertible Senior Notes due 2027. The company paid 100% of the principal amount, plus accrued and unpaid interest, on the note due in February 2026. It also financed the repurchase with proceeds from a $145 million term loan secured following the combination with Hulu + Live TV.

“Today’s repurchase, funded with the proceeds from our recent term loan, underscores Fubo’s continued proactive management of our capital structure,” said David Gandler, co-founder and CEO of Fubo.

On January 14, Needham analyst Laura Martin reaffirmed a Buy rating on FuboTV Inc. with a $4.25 price target, pointing to notable upside from its $2.57 close. Wall Street remains broadly optimistic, as the stock holds a Moderate Buy consensus and an average target of $4.63 despite ongoing industry volatility.

fuboTV Inc. (NYSE:FUBO) is a live TV streaming service primarily focused on sports, news, and entertainment, acting as a cable TV alternative. It allows users to stream over 400 live sports, news, and entertainment networks over the internet without a contract, offering features such as cloud DVR and 4K streaming.

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