JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FOX (NASDAQ:FOXA) Stock

FOX (NASDAQ:FOXA) had its price target raised by JPMorgan Chase & Co. from $82.00 to $83.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 22.98% from the stock’s current price.

A number of other equities research analysts have also weighed in on FOXA. Rothschild & Co Redburn upgraded FOX from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, July 10th. Jefferies Financial Group cut shares of FOX to a “hold” rating in a report on Friday, October 16th. Citigroup started coverage on shares of FOX in a report on Monday, September 14th. They set an “outperform” rating for the company. Weiss Ratings raised shares of FOX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 26th. Finally, Zacks Research upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, FOX currently has an average rating of “Moderate Buy” and an average price target of $77.00.

FOX Trading Up 7.5%

Shares of NASDAQ:FOXA traded up $4.73 during midday trading on Tuesday, reaching $67.49. The company’s stock had a trading volume of 4,081,252 shares, compared to its average volume of 4,828,516. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. The business has a 50 day moving average price of $64.97 and a 200 day moving average price of $62.26. FOX has a 1 year low of $48.34 and a 1 year high of $76.39. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56.

FOX (NASDAQ:FOXA) last released its earnings results on Monday, November 2nd. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.55. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.32 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. FOX’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. Research analysts forecast that FOX will post 6.06 EPS for the current year.

Insider Buying and Selling at FOX

In other FOX news, CEO Lachlan Murdoch purchased 149,934 shares of FOX stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $68.53 per share, for a total transaction of $10,274,977.02. Following the transaction, the chief executive officer owned 1,401,713 shares in the company, valued at $96,059,391.89. This represents a 11.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On FOX

Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB bought a new position in FOX in the third quarter worth about $44,000. PFS Partners LLC bought a new position in shares of FOX during the third quarter valued at approximately $44,000. Elevation Wealth Partners LLC grew its holdings in shares of FOX by 811.0% during the third quarter. Elevation Wealth Partners LLC now owns 911 shares of the company’s stock valued at $57,000 after purchasing an additional 811 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in shares of FOX by 75.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,056 shares of the company’s stock worth $66,000 after purchasing an additional 455 shares during the period. Finally, Covestor Ltd raised its position in shares of FOX by 99.1% during the 3rd quarter. Covestor Ltd now owns 1,105 shares of the company’s stock worth $69,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported fiscal Q1 2027 revenue of $4.57 billion, up 22% year over year, net income of $957 million and adjusted EBITDA of $1.64 billion. Fox fiscal first-quarter results
• Positive Sentiment: Adjusted earnings were $2.54 per share, well above the $1.99 analyst consensus and up from $1.51 a year earlier. Revenue also exceeded estimates of approximately $4.32 billion. Fox earnings and revenue beat
• Positive Sentiment: Advertising revenue surged 47.4%, supported by World Cup broadcasts, political advertising exceeding $350 million and continued momentum at streaming service Tubi. The results suggest Fox is converting major sports and election events into significant near-term revenue growth. Fox advertising revenue growth
• Neutral Sentiment: Management’s comments indicate that large sporting events and election-related advertising remain important earnings catalysts, although the strength of these revenue sources may vary between reporting periods. Fox first-quarter results and outlook
• Negative Sentiment: CEO Lachlan Murdoch acknowledged “viewer fatigue” at Fox News and year-over-year audience declines around the midterm election cycle, creating a risk for ratings-sensitive advertising and the company’s core cable-news business. Fox News viewer fatigue
• Negative Sentiment: Some commentary argues that FOXA may now be fully valued after a roughly 109% rise, increasing the risk of profit-taking if future results do not sustain the unusually strong advertising growth. Fox valuation commentary

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.