FOX (NASDAQ:FOXA) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Key Points

• Sanford C. Bernstein raised its FOX price target from $73 to $74 but maintained a “market perform” rating; the new target implies 10.28% upside. Analysts’ consensus rating is “Moderate Buy,” with a $79.16 average target.
• FOX beat quarterly estimates, reporting $2.54 in EPS versus $1.99 expected and $4.57 billion in revenue, up 22.3% year over year. Advertising revenue was boosted by World Cup and election-related demand, as well as Tubi growth.
• FOX shares rose 6.9% on Tuesday to $67.10. Analysts cited in the article see potential upside, while viewer fatigue and questions about whether advertising strength will persist are risks to watch.

FOX (NASDAQ:FOXA - Get Free Report) had its price target increased by equities researchers at Sanford C. Bernstein from $73.00 to $74.00 in a report released on Tuesday. The brokerage presently has a "market perform" rating on the stock. Sanford C. Bernstein's price objective would suggest a potential upside of 10.28% from the stock's current price.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded FOX from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Needham & Company LLC initiated coverage on FOX in a research report on Friday, October 16th. They set a "buy" rating for the company. Oppenheimer downgraded FOX to a "market perform" rating in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft boosted their target price on FOX from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Citizens Jmp started coverage on FOX in a report on Monday, September 14th. They issued a "market outperform" rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $79.16.

FOX Stock Up 6.9%

Shares of NASDAQ:FOXA traded up $4.34 during trading on Tuesday, hitting $67.10. The company's stock had a trading volume of 9,424,019 shares, compared to its average volume of 4,855,078. The business has a 50 day moving average price of $64.97 and a two-hundred day moving average price of $62.26. The company has a market capitalization of $28.16 billion, a PE ratio of 17.52, a P/E/G ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. FOX has a fifty-two week low of $48.34 and a fifty-two week high of $76.39.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $2.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.55. FOX had a net margin of 9.84% and a return on equity of 20.64%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the firm earned $1.51 earnings per share. The business's quarterly revenue was up 22.3% compared to the same quarter last year. As a group, research analysts expect that FOX will post 6.06 EPS for the current fiscal year.

Insider Transactions at FOX

In related news, CEO Lachlan Murdoch acquired 149,934 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $68.53 per share, for a total transaction of $10,274,977.02. Following the completion of the purchase, the chief executive officer directly owned 1,401,713 shares of the company's stock, valued at approximately $96,059,391.89. The trade was a 11.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.89% of the stock is owned by corporate insiders.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently made changes to their positions in FOXA. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of FOX in the 3rd quarter valued at about $44,000. PFS Partners LLC purchased a new position in FOX during the 3rd quarter worth approximately $44,000. Elevation Wealth Partners LLC grew its stake in FOX by 811.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 911 shares of the company's stock worth $57,000 after buying an additional 811 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in FOX by 75.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,056 shares of the company's stock worth $66,000 after buying an additional 455 shares during the period. Finally, Covestor Ltd increased its position in FOX by 99.1% during the third quarter. Covestor Ltd now owns 1,105 shares of the company's stock worth $69,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported fiscal Q1 2027 revenue of $4.57 billion, up 22% year over year, and earnings of $2.54 per share, beating the $1.99 consensus estimate. Advertising revenue surged 47.4%, supported by FIFA World Cup broadcasts, political campaigns and streaming service Tubi. FOXA Q1 Earnings & Revenues Surpass Estimates, Both Increase Y/Y
• Positive Sentiment: JPMorgan raised its price target from $82 to $83 and maintained an “overweight” rating, signaling continued analyst confidence in Fox’s outlook. JPMorgan analyst recommendations
• Positive Sentiment: A report that the DOJ is nearing approval of a Roku/Fox deal could reduce regulatory uncertainty around the transaction. Roku/Fox spread narrows amid report DOJ is near approving deal
• Neutral Sentiment: World Cup and election-related advertising boosted results, while Tubi’s growth and wider connected-TV ad demand offer additional opportunities. However, investors may watch whether advertising momentum holds once these major events pass. Election Ads and the World Cup Fuel Fox Earnings Beat. There's More Where That Came From.
• Negative Sentiment: Fox CEO Lachlan Murdoch noted “viewer fatigue” around the midterms amid year-over-year Fox News audience declines. Separate commentary suggests the stock may already reflect substantial gains after a reported 109% rise, which could limit further upside. Lachlan Murdoch Notes Fox News “Viewer Fatigue” Around Midterms Fox (FOXA) Stock Looks Fully Priced After Its 109% Rise

FOX Company Profile

Fox Corporation NASDAQ: FOXA is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.

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