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The latest announcement is out from News Corp ( (NWSA) ).
News Corporation has announced an update to its stock repurchase program, initially reported on September 22, 2021, allowing the company to buy back up to $1 billion of its Class A and Class B common stock. This move, aimed at enhancing shareholder value, does not require security holder approval and is subject to market conditions and other factors, reflecting the company’s strategic focus on optimizing its capital structure.
The most recent analyst rating on (NWSA) stock is a Buy with a $34.00 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 Outperform.
News Corp’s overall score reflects strong financial performance improvements and strategic transformations highlighted in the earnings call. While the technical indicators show bullish momentum, the high P/E ratio suggests caution regarding valuation. The company’s focus on digital growth and asset realignment positions it well for future challenges, but maintaining revenue growth remains critical.
To see Spark’s full report on NWSA stock, click here.
More about News Corp
News Corporation operates in the media and information services industry, focusing on news and information services, book publishing, digital real estate services, and cable network programming.
Average Trading Volume: 3,620,155
Technical Sentiment Signal: Strong Buy
Current Market Cap: $16.66B
Learn more about NWSA stock on TipRanks’ Stock Analysis page.