Pivotal Research raised the firm’s price target on Liberty Formula One (FWONK) to $125 from $96 and keeps a Buy rating on the shares. The firm says that post the company’s “solid” year-to-date results, it added the MotoGP acquisition to its model and moved to a year-end 2025 target price from 2024 previously.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWONK:
- Liberty Formula One reports Q3 revenue $911M, consensus $909.37M
- Liberty Formula One initiated with a Neutral at UBS
- Liberty Formula One price target raised to $87 from $84 at Seaport Research
- LVMH, Formula 1 deal worth under $100M a year, WWD reports
- Formula 1, LVMH announce 10-year global partnership agreement