Berenberg downgraded Future plc (FRNWF) to Hold from Buy with a price target of 330 GBp, down from 970 GBp. The firm expects the company’s programmatic and e-commerce revenue to continue to be negatively affected by audience declines as large language models scale.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRNWF:
- Future plc warns on margins as search shifts hit high-margin revenues but doubles down on AI and buybacks
- Future plc Buys Back Further Shares, Tightening Free Float
- Future plc downgraded to Hold from Buy at Jefferies
- Future plc: Structural Headwinds, Challenged Growth Outlook, and Justification for a Hold Rating
- Future plc advances share buyback, cutting share count