AI continues to drive the markets, as it has for the past several years, leaving investors to wonder how much longer the bulls can keep running. That concern is understandable at these heights, with the stock market drawing comparisons to the dot-com tech bubble of Y2K.

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There are differences, however, and Julian Emanuel, senior managing director at Evercore, has taken care to point out those differences for our edification. To start with, Emanuel notes that investors are taking a proactive stance this time around, remembering the lessons of Y2K, and are quicker to seek diversification as a hedge. Looking ahead, Emanuel is predicting that the S&P could hit 9,000 on the one-year horizon, representing a potential gain of 17% for the benchmark index.

"The 2020's AI Bull has yet to reach the heights and length of the innovation driven Bulls of the 1990s and 1920s, while overall corporate leverage remains subdued, underscoring potential for further upside, Emanuel opined. "The traditional elements that end a Bull Market are not evident – recession, spiking long end yields, profound investor and/or capital markets FOMO. We continue to see the long term stock market trend higher with potential for a FOMO driven 'overshoot'. SPX 9,000 is attainable NTM, even without a Valuation overshoot."

Against this backdrop, the Evercore analysts have picked out two stocks to buy right now, while markets are gearing up for potential gains. We've used the TipRanks platform to look up the details on their picks; here they are, presented along with Evercore's analysis.

FuboTV (FUBO)

Streaming services have already changed the ways that we watch TV or movies at home. While streaming is still relatively new – its great expansion began less than 20 years ago – consumers are already enamored of the flexibility and choices, and particularly the ability to create playlists or track favorite shows. FuboTV has been part of the streaming landscape since 2015, and today is a consumer-first live TV streamer. The company has been an affiliate of Disney since last year, when Fubo combined with Disney's Hulu + Live TV business in a transaction that gave Disney about 70% ownership of the combined company. The merger was completed in October.

The Disney affiliation gives Fubo large-scale backing, including advertising operations, market research, and subscriber growth. In its current incarnation, Fubo delivers premium programming including sports, news, and entertainment, and offers its subscribing viewers a high-end combination of choice, flexibility, and value for their buck. Fubo boasts that it is consistently ranked among the largest Pay TV companies operating in the US market.

For TV streamers, subscription numbers are the key metric, and in its last quarterly report, which covered its fiscal 3Q26, Fubo reported a record number of paid subscribers in North America. On a comparable basis that gives effect to the Hulu + Live TV combination, that number was up 2% year-over-year to 5.75 million. In the rest of the world (ROW, as Fubo reports it), subscription numbers grew from 349K in fiscal 3Q25 to 356K in the current report, also a 2% increase.

This past July, Fubo announced a new CEO, Alisa Bowen, who took the helm on July 10. Bowen is a long-time veteran of Disney's leadership team, and has held top roles in global media organizations in such major locations as New York, LA, London, and Sydney. Bowen is also no stranger to the worlds of finance and news, and has held positions with Dow Jones and Thomson Reuters.

Fubo posted fiscal Q3 revenue of $1.482 billion, up 38% from reported revenue of $1.074 billion a year earlier, although it came in under the forecast by $20 million. However, on a pro forma basis that accounts for the Hulu + Live TV combination, prior-year revenue was $1.484 billion, leaving revenue essentially flat year-over-year. At the bottom line, the company ran a net loss of $25.7 million – an improvement compared to the $38 million net loss one year earlier. In fiscal 3Q26, Fubo's EPS of ($0.25) was 14 cents per share below expectations.

In his coverage for Evercore, analyst Kutgun Maral remains optimistic about Fubo despite the misses in the earnings report. Maral believes the company is still in the early stages of a multi-year earnings expansion, with several factors supporting substantial EBITDA growth over the next few years.

"We continue to believe the company remains misunderstood and is in the early stages of a highly visible, multi-year EBITDA ramp ($90-100mm in FY26E to +$300mm in FY28E as it turns into a net cash position). We're encouraged by the conviction and framing from new CEO Alisa Bowen (who most recently served as president of Disney+), and look forward to her sharing her vision for the company on the next earnings call in November. In the meantime, there are no changes to our fundamental view we outlined earlier this year here, underpinned by highly visible flow-through from contractual improvements in the wholesale fee/carriage cost dynamic with Hulu Live, improved advertising monetization, and scope for meaningful operating leverage from added scale supporting compounding growth ahead," Maral stated.

Put all of this together, and it adds up to an Outperform (i.e., Buy) rating on FUBO shares. The Evercore analyst has also put an $18 price target on the stock, suggesting an 80% gain in store for it over the next 12 months. (To watch Maral's track record, click here)

Overall, Wall Street is setting the bar well above where FUBO trades today, with the $17 average price target sitting 70% above FUBO's current price of $9.99. 4 of the 5 analysts covering the stock recommend buying it, while one remains on the sidelines, giving Fubo a Strong Buy consensus rating. (See FUBO stock forecast)