What happened Shares of live sports streamer fuboTV (NYSE: FUBO) jumped in early trading Thursday. Powered by a new buy rating from Barrington Research, the stock is up 11.5% as of 11:20 a.m. EST. So what For the benefit of investors who may not yet have encountered it, Barrington begins with a short sketch of what fuboTV does, describing it as an over-the-top multichannel video programming distributor (MPVD) with an "exceptionally intense" sports focus, reports StreetInsider.com today. Already, explains the analyst, fuboTV is outgrowing its competition, cable and satellite sports channels and rival streamers alike. "fuboTV's positioning offers a very attractive proposition, especially for sports fans," notes the analyst, and this is paying off in the form of rapid growth. Moreover, Barrington sees this growth continuing as new revenue streams come online, buttressing subscription revenue with "advertising revenues and ancillary sources, the latter including high-margined service and content offerings plus participation in sports-related gambling revenues that is now in the process of being created beginning with some key acquisitions." Image source: Getty Images. Now what Now some might say that sports and gambling go together like fire and nicotine, but from a pure investing perspective, Barrington sees this as a potential strong revenue driver for fuboTV. Up 235% already over the past 12 months, the analyst forecasts fuboTV stock hitting $40 within a year. Even after today's strong run-up, that leaves perhaps another 19% worth of gains to be had -- if the analyst is right. So is it? Well currently, fuboTV isn't a profitable company, and it's burning cash like mad -- $72 million in trailing negative free cash flow. That being said, it's still early innings in this game, and sales are still surging rapidly as the service rolls out. Through the first three reported quarters of 2020, fubo's revenue rushed ahead 19-fold in comparison to the same period from 2019. At this point, it's far too early to say the company won't turn profitable, and free cash flow positive, as revenue rapidly rises to the point where it can cover the company's costs, and Barrington, for one, foresees a clear path to positive EBITDA and positive free cash flow. 10 stocks we like better than fuboTV, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and fuboTV, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends fuboTV, Inc. The Motley Fool has a disclosure policy.Source