Fox Stock Thrives On Sports, Politics Strategy: Analyst Says It Will 'Weather Secular Headwinds'
Portfolio Pulse from Chris Katje
Fox Corporation is expected to benefit from its focus on sports and politics, with major events like the Super Bowl LIX and the 2024 election acting as catalysts. Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating on Fox, raising the price target from $45 to $50, citing strong growth in advertising and viewership trends.
September 25, 2024 | 8:29 pm
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POSITIVE IMPACT
Fox Corporation is expected to benefit from its focus on sports and politics, with major events like the Super Bowl LIX and the 2024 election acting as catalysts. Analyst Jessica Reif Ehrlich reiterated a Buy rating and raised the price target to $50.
The analyst's positive outlook and increased price target suggest a bullish sentiment towards Fox's stock. The focus on sports and politics, particularly the Super Bowl and 2024 election, are expected to drive advertising and viewership growth, supporting the stock's upward momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Fox Corporation's Class A shares are expected to benefit from its strategic focus on sports and politics, with major events like the Super Bowl LIX and the 2024 election acting as catalysts. Analyst Jessica Reif Ehrlich reiterated a Buy rating and raised the price target to $50.
The analyst's positive outlook and increased price target suggest a bullish sentiment towards Fox's Class A shares. The focus on sports and politics, particularly the Super Bowl and 2024 election, are expected to drive advertising and viewership growth, supporting the stock's upward momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100