Loop Capital raised the firm’s price target on News Corp. (NWSA) to $44 from $41 and keeps a Buy rating on the shares. The stock remains “highly attractive” and its valuation does not reflect its business mix driven by digital real estate and the B2B business of Dow Jones, the analyst tells investors in a research note. Among the potential catalysts, Loop notes that a Foxtel sale would help simplify the company and eliminate a low-multiple division. The firm also believes that there should be additional AI licensing opportunities for News Corp., both with additional customers and potentially in the book publishing division.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWSA:
- News Corp. says proposal to end dual-class capital structure defeated
- Microsoft in AI-learning deal with News Corp.’s HarperCollins, Bloomberg says
- News Corp. price target raised to $40 from $36 at Guggenheim
- News Corp’s Dow Jones expands investment in Ripjar
- News Corporation Reports Strong Q1 Fiscal 2025 Results