Liberty Formula One price target raised to $120 from $119 at Susquehanna

Susquehanna analyst Joseph Stauff raised the firm’s price target on Liberty Formula One (FWONK) to $120 from $119 and keeps a Positive rating on the shares. The firm previewed the company’s Q4 results which they expect to LVGP to be the focal point given the financial significance of its only vertically integrated race, pace of its ramp since its 2023 debut, and 2026 assumptions. Susquehanna sees most of the upward revision potential in 2026 from higher-than-expected sponsorship deals/revenue given the pricing power F1 possesses from its growing appeal for premium brands and the global relevance of its races/fans/stars.