Analyst Lance Vitanza from TD Cowen maintained a Buy rating on Liberty Media Liberty Formula One and increased the price target to $107.00 from $106.00.
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Lance Vitanza has given his Buy rating due to a combination of factors that highlight the strong performance and future potential of Liberty Media Liberty Formula One. The company’s third-quarter results surpassed expectations, driven by robust sponsorship and hospitality revenues. Additionally, the recent broadcasting agreement with Apple is set to enhance the monetization opportunities for Formula One, indicating a positive outlook for future earnings.
Moreover, the Las Vegas Grand Prix is showing signs of improvement after a less impressive second season, suggesting better prospects ahead. The integration of MotoGP is also progressing well, setting the stage for a successful fiscal year 2026. These elements collectively contribute to a favorable assessment of the stock’s potential, justifying the Buy rating.