Goldman Sachs raised the firm’s price target on Fox Corp. (FOXA) to $87 from $79 and keeps a Buy rating on the shares. Fox’s focused sports and news portfolio positions it well amid pay-TV shifts, supported by modest affiliate fee growth and strong advertising tailwinds from the World Cup and U.S. midterm elections, the analyst tells investors in a research note. Additional upside comes from accelerating growth and profitability at Tubi and early traction at Fox One, where subscriber additions are exceeding expectations, the firm says.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXA:
- Fox Corp. price target raised to $74 from $70 at Morgan Stanley
- Now Streaming: Paramount commences tender offer for Warner Bros. Discovery
- Fox Corp.: Q2 ‘a bit of a funky quarter’ for Tubi
- Now Streaming: Netflix to acquire Warner Bros. in $72B deal
- New York Times sues Defense Department over press rules, WSJ says