Jason Bazinet, an analyst from Citi, maintained the Buy rating on Fox (FOXA – Research Report). The associated price target was raised to $62.00.
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Jason Bazinet’s rating is based on the strong financial performance exhibited by Fox in their latest results. The company has reported revenue, adjusted EBITDA, and adjusted EPS that surpassed consensus expectations. This positive outcome has led to an increase in the revenue and adjusted EBITDA forecast for the fiscal years 2025 to 2027 by 4% to 5%.
Furthermore, Bazinet raised the price target for Fox’s stock from $58 to $62, which is grounded on a valuation of approximately 11.5 times the estimated free cash flow per share for calendar year 2026. The expected share price return is projected to be 16.5%, reinforcing the Buy rating as a result of these optimistic projections and financial metrics.
In another report released on February 5, Guggenheim also maintained a Buy rating on the stock with a $60.00 price target.