On Nov 06, major Wall Street analysts update their ratings for $Fox Corp-A (FOXA.US)$, with price targets ranging from $47 to $51.
Goldman Sachs analyst Mike Ng maintains with a buy rating, and sets the target price at $51.
Citi analyst Jason Bazinet maintains with a buy rating, and adjusts the target price from $47 to $50.
UBS analyst John Hodulik maintains with a buy rating, and adjusts the target price from $44 to $50.
Deutsche Bank analyst Bryan Kraft maintains with a buy rating, and adjusts the target price from $39 to $47.
Wells Fargo analyst Steven Cahall maintains with a buy rating, and maintains the target price at $49.
Furthermore, according to the comprehensive report, the opinions of $Fox Corp-A (FOXA.US)$'s main analysts recently are as follows:
Fox Corp. experienced a surge in revenue growth, leading to a substantial increase in segment OIBDA growth for fiscal Q1, bolstered by heightened political ad spending and a resurgence in ratings at Fox News. These factors are anticipated to diminish in the latter half of the year, and the persistent challenges facing linear television are expected to continue.
The recent increase in the sum-of-the-parts valuation for Fox Corp. is attributed to the company's impressive top- and bottom-line results in its fiscal Q1. The company highlighted a robust advertising market, particularly for news and sports, and offered additional insights into upcoming events that are expected to influence EBITDA.
Fox Corp.'s Q1 revenue exceeded consensus estimates, supported by a notable EBITDA beat which was primarily the result of reduced core Cable Networks costs.
Fox Corp. is well-positioned to transition its sports content into the streaming space in a profitable manner, with robust viewership and potential long-term opportunities in both consolidation and sports betting, which could make it a particularly strong candidate within the media sector with favorable risk-adjusted prospects.
Here are the latest investment ratings and price targets for $Fox Corp-A (FOXA.US)$ from 8 analysts:
Note:
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