Shares of fuboTV Inc. (FUBO) plunged 5.37% in pre-market trading on Monday, as multiple analysts lowered their price targets for the streaming service provider. The stock's decline comes amid growing concerns about the company's growth prospects and financial performance.

Wedbush Securities reduced its price target on fuboTV to $5 from $6.40, while maintaining an Outperform rating. Similarly, Needham cut its target price to $3 from $3.35. These downward revisions reflect a more cautious outlook on the company's near-term potential, despite some analysts still seeing long-term value in the stock.

The negative sentiment surrounding fuboTV is further reinforced by recent analysis highlighting several challenges facing the company. These include sluggish domestic subscriber growth, historical operating losses suggesting an inefficient cost structure, and projections of declining free cash flow margins. As the streaming market becomes increasingly competitive, investors appear to be reevaluating fuboTV's position and growth potential in the industry.