FuboTV Inc. (FUBO) shares surged 5.93% in early trading Friday, following a positive analyst action that boosted investor sentiment.

The sharp rise comes after Evercore ISI analyst Kutgun Maral resumed coverage of the streaming service provider with an Outperform rating and set a price target of $18. The analyst's bullish stance highlights growing confidence in FuboTV's business prospects as it emerges from recent corporate developments.