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Share: One of the hottest stocks in the streaming market has been fuboTV (NYSE: FUBO), a company that was uplisted to the NYSE earlier this year. After a strong run that included five days of 10%-plus gains in a row, bears are pouring into the name, questioning its valuation and the long-term outlook. Hedgeye: A bullish scenario for fuboTV is 1.5 million subscribers and $100 ARPU for the company. This, along with 15% adjusted EBITDA, only gives the company a valuation of $23 per share, according to Hedgeye’s Andrew Freedman. A 13G filing disclosing a 7.44% stake from Islet Management caused shares to spike in after-hours trading earlier this week. Freedman said he has never seen so many folks get excited about a 13G filing before.

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