Deutsche Bank analyst Bryan Kraft maintains $Fox Corp-A (FOXA.US)$ with a buy rating, and adjusts the target price from $39 to $47.
According to TipRanks data, the analyst has a success rate of 57.6% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Fox Corp-A (FOXA.US)$'s main analysts recently are as follows:
Fox Corp. is experiencing a phase of robust revenue expansion, achieving a 20% growth in segment OIBDA during fiscal Q1. This growth is primarily driven by a significant increase in political advertising expenditures and a resurgence in viewership numbers at Fox News. Nevertheless, it is anticipated that these cyclical tailwinds will diminish in the latter half of the year, and the persistent challenges associated with linear television are still present.
Fox Corp.'s Q1 revenue exceeded consensus estimates, supported by an EBITDA beat primarily due to reduced core Cable Networks expenses.
Fox Corp. is positioned to transition its sports broadcasting to streaming platforms effectively, maintaining strong viewership. Additionally, the company has potential for long-term growth opportunities through both industry consolidation and the sports betting sector. It is considered to be one of the more favorable risk-adjusted options in the media landscape.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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