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News Corp ( (NWSA) ) has provided an update.
News Corporation has announced a stock repurchase program, allowing the acquisition of up to $1 billion of its Class A and Class B common stock. This initiative, part of a broader strategy to enhance shareholder value, was initially authorized in 2021 and has been extended with an additional $1 billion authorized in 2025. The repurchase is subject to market conditions and other factors, with no ASX-listed CDIs being repurchased. The program’s impact on News Corp’s market positioning is significant as it reflects a commitment to returning value to shareholders and potentially stabilizing stock prices.
The most recent analyst rating on (NWSA) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on News Corp stock, see the NWSA Stock Forecast page.
Spark’s Take on NWSA Stock
According to Spark, TipRanks’ AI Analyst, NWSA is a Neutral.
News Corp’s overall stock score reflects a strong earnings call performance and stable financials, offset by valuation concerns and neutral technical indicators. The company’s strategic initiatives, including a significant stock repurchase program, indicate confidence in future growth despite market challenges.
To see Spark’s full report on NWSA stock, click here.
More about News Corp
Average Trading Volume: 3,181,658
Technical Sentiment Signal: Buy
Current Market Cap: $17.46B
For an in-depth examination of NWSA stock, go to TipRanks’ Overview page.