FOX (NASDAQ:FOXA) Price Target Raised to $83.00

FOX (NASDAQ:FOXA) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $82.00 to $83.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.98% from the stock’s previous close.

A number of other research firms have also weighed in on FOXA. Wells Fargo & Company upgraded shares of FOX from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $65.00 to $80.00 in a research note on Friday, August 14th. Needham & Company LLC began coverage on FOX in a research note on Friday, October 16th. They issued a “buy” rating on the stock. Seaport Research Partners cut FOX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of FOX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

FOX Trading Up 7.5%

Shares of NASDAQ:FOXA traded up $4.73 during mid-day trading on Tuesday, reaching $67.49. 4,081,252 shares of the company were exchanged, compared to its average volume of 4,828,516. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 17.62, 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 current ratio of 3.17 and a quick ratio of 2.99. FOX has a 1 year low of $48.34 and a 1 year high of $76.39. The firm’s 50-day simple moving average is $64.97 and its 200 day simple moving average is $62.26.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, November 2nd. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $1.99 by $0.55. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.32 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the business posted $1.51 earnings per share. Equities research analysts forecast that FOX will post 6.06 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lachlan Murdoch acquired 149,934 shares of FOX 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 owned 1,401,713 shares in the company, valued at $96,059,391.89. This represents a 11.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FOX

A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC raised its holdings in shares of FOX by 12.4% in the second quarter. Squarepoint Ops LLC now owns 1,127,389 shares of the company’s stock valued at $58,805,000 after buying an additional 124,143 shares during the last quarter. Allianz Asset Management GmbH raised its position in FOX by 2.6% in the second quarter. Allianz Asset Management GmbH now owns 966,811 shares of the company’s stock worth $50,429,000 after acquiring an additional 24,511 shares in the last quarter. Junto Capital Management LP acquired a new stake in shares of FOX in the second quarter valued at about $34,773,000. Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in FOX by 0.8% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 522,079 shares of the company’s stock worth $32,708,000 after buying an additional 4,381 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in FOX during the third quarter worth about $29,395,000. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX News Roundup

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, net income of $957 million and adjusted EBITDA of $1.64 billion. Fox fiscal first-quarter results
• Positive Sentiment: Adjusted earnings were $2.54 per share, well above the $1.99 analyst consensus and up from $1.51 a year earlier. Revenue also exceeded estimates of approximately $4.32 billion. Fox earnings and revenue beat
• Positive Sentiment: Advertising revenue surged 47.4%, supported by World Cup broadcasts, political advertising exceeding $350 million and continued momentum at streaming service Tubi. The results suggest Fox is converting major sports and election events into significant near-term revenue growth. Fox advertising revenue growth
• Neutral Sentiment: Management’s comments indicate that large sporting events and election-related advertising remain important earnings catalysts, although the strength of these revenue sources may vary between reporting periods. Fox first-quarter results and outlook
• Negative Sentiment: CEO Lachlan Murdoch acknowledged “viewer fatigue” at Fox News and year-over-year audience declines around the midterm election cycle, creating a risk for ratings-sensitive advertising and the company’s core cable-news business. Fox News viewer fatigue
• Negative Sentiment: Some commentary argues that FOXA may now be fully valued after a roughly 109% rise, increasing the risk of profit-taking if future results do not sustain the unusually strong advertising growth. Fox valuation commentary

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.