Formula One Group (FWONK) Stock Forecast & Price Target

$80.76

+1.84 (+2.33%)

(As of 07/26/2024 ET)

Formula One Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Formula One Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for FWONK.

Consensus Price Target

$83.60
3.52% Upside

High Forecast	$92.00
Average Forecast	$83.60
Low Forecast	$70.00

According to the 4 analysts' twelve-month price targets for Formula One Group, the average price target is $83.60. The highest price target for FWONK is $92.00, while the lowest price target for FWONK is $70.00. The average price target represents a forecasted upside of 3.52% from the current price of $80.76.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$83.60	$84.00	$82.67	$78.83
Forecasted Upside	3.52% Upside	19.53% Upside	18.95% Upside	10.84% Upside

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FWONK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FWONK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Formula One Group Stock vs. The Competition

Type	Formula One Group	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.75	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.52% Upside	121.81% Upside	9.09% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/4/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$85.00 ➝ $90.00	+19.13%
12/18/2023	Morgan Stanley 3 of 5 stars		Downgrade	Overweight ➝ Equal Weight	$80.00 ➝ $70.00	+8.71%
9/6/2023	Rosenblatt Securities 3 of 5 stars		Boost Target	Buy ➝ Buy	$81.00 ➝ $82.00	+22.86%
9/5/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$84.00	+21.69%
8/7/2023	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$85.00 ➝ $92.00	+24.11%
7/6/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$78.00 ➝ $86.00	+11.40%
5/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$75.00 ➝ $82.00	+11.10%
4/23/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
8/8/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$50.00 ➝ $56.00	-12.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:19 AM ET.

FWONK Forecast - Frequently Asked Questions

What is Formula One Group's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Formula One Group is $83.60, with a high forecast of $92.00 and a low forecast of $70.00.
Should I buy or sell Formula One Group stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Formula One Group in the last year. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FWONK shares.
Does Formula One Group's stock price have much upside?: According to analysts, Formula One Group's stock has a predicted upside of 20.28% based on their 12-month stock forecasts.
What analysts cover Formula One Group?: Formula One Group has been rated by research analysts at Evercore ISI in the past 90 days.
Do Wall Street analysts like Formula One Group more than its competitors?: Analysts like Formula One Group more than other "consumer discretionary" companies. The consensus rating score for Formula One Group is 2.75 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how FWONK compares to other companies.