Pivotal Research analyst Jeffrey Wlodarczak has reiterated their bullish stance on FWONK stock, giving a Buy rating on August 1.
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Jeffrey Wlodarczak’s rating is based on Liberty Media Liberty Formula One’s strong performance and promising future prospects. The company reported impressive second-quarter results, driven by optimism around various aspects such as track performance, attendance, and engagement trends. The recent acquisition of MotoGP is expected to significantly boost the growth rate of the Formula One business.
Wlodarczak anticipates a standout year for Formula One in 2025, with strong advertising and sponsorship revenue growth and a potential increase in U.S. media rights fees. The business model benefits from high EBITDA margins and free cash flow conversion rates, with opportunities for further monetization. The entrance of major internet companies into sports rights bidding is seen as a positive trend, enhancing the attractiveness of Liberty Media’s assets. Despite some risks, the overall outlook for global sports remains highly appealing, supporting the Buy rating for FWONK.
According to TipRanks, Wlodarczak is a 4-star analyst with an average return of 3.6% and a 53.05% success rate. Wlodarczak covers the Communication Services sector, focusing on stocks such as Charter Communications, TKO Group Holdings, and Netflix.
In another report released on August 1, Evercore ISI also maintained a Buy rating on the stock with a $124.00 price target.