Guggenheim raised the firm’s price target on Fox Corp. (FOX) (FOXA) to $85 from $75 and keeps a Buy rating on the shares, highlighting it as the analyst’s top Buy idea among the firm’s media coverage universe ahead of 2026. Looking forward, the firm views the company as positioned to benefit from advertising demand; relative outperformance in subscription trends; a new cycle of distributor renewals, where Fox will continue as a relative share taker; a robust content cycle including the World Cup and U.S. elections; and measured investment into incremental growth areas including Tubi, Fox One and sports gambling, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXA:
- Now Streaming: Warner Bros. urges shareholders to reject Paramount bid
- Fox Corp. price target raised to $80 from $75 at BofA
- Fox Corporation: Resilient Live Sports and News, Tubi Growth, and World Cup Tailwinds Support Raised Buy Rating and $80 Target
- Fox Corp. price target raised to $87 from $79 at Goldman Sachs
- Fox Corp. price target raised to $74 from $70 at Morgan Stanley