As previously reported, Macquarie upgraded News Corp. (NWS) (NWSA) to Outperform from Neutral with a price target of $29.40, up from $27. Fiscal Q3 showed growth across revenue and EBITDA ahead of Visible Alpha consensus, notes the analyst, who notes that News Corp. is executing on AI content license deals, reinforcing the proprietary nature of its data and providing earnings benefits. The firm cites robust growth, upside with Dow Jones and AI content deals and an “attractive” valuation for its upgrade.
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