JPMorgan Chase & Co. Increases FOX (NASDAQ:FOXA) Price Target to $70.00

FOX (NASDAQ:FOXA) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $69.00 to $70.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.96% from the company’s previous close.

Several other research firms also recently issued reports on FOXA. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $79.00 price objective on shares of FOX in a report on Tuesday. Citigroup boosted their price target on FOX from $77.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Barclays boosted their price target on FOX from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday. Bank of America downgraded FOX from a “buy” rating to an “underperform” rating and set a $45.00 price target for the company. in a report on Wednesday, February 25th. Finally, Argus upgraded FOX to a “hold” rating in a report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FOX presently has an average rating of “Hold” and an average target price of $74.13.

FOX Trading Down 2.4%

Shares of NASDAQ FOXA traded down $1.66 during midday trading on Tuesday, hitting $66.06. The stock had a trading volume of 979,172 shares, compared to its average volume of 3,752,585. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 7.75 and a beta of 0.52. FOX has a 1-year low of $52.34 and a 1-year high of $76.39. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $60.55 and a 200 day moving average price of $64.89.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, May 11th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.02 by $0.30. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.78 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%.FOX’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. On average, analysts predict that FOX will post 4.6 earnings per share for the current year.

Insiders Place Their Bets

In other FOX news, COO John Nallen sold 242,309 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total transaction of $13,990,921.66. Following the completion of the transaction, the chief operating officer owned 357,653 shares in the company, valued at approximately $20,650,884.22. The trade was a 40.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.20, for a total value of $37,117,166.40. Following the transaction, the chief executive officer owned 152 shares of the company’s stock, valued at $8,846.40. This trade represents a 99.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,586,871 shares of company stock valued at $91,893,926 in the last quarter. 19.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Winnow Wealth LLC acquired a new stake in shares of FOX in the third quarter valued at $1,238,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of FOX by 23.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 150,522 shares of the company’s stock valued at $9,492,000 after buying an additional 28,118 shares during the period. SG Americas Securities LLC lifted its holdings in shares of FOX by 346.6% in the fourth quarter. SG Americas Securities LLC now owns 128,029 shares of the company’s stock valued at $9,355,000 after buying an additional 99,363 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of FOX by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,924,975 shares of the company’s stock valued at $121,389,000 after buying an additional 16,757 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of FOX by 3.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 572,145 shares of the company’s stock valued at $41,807,000 after buying an additional 16,716 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported fiscal Q3 EPS of $1.32, ahead of the $1.02 consensus, and revenue of $3.99 billion versus $3.78 billion expected, suggesting stronger-than-anticipated operating performance. Reuters: Fox posts upbeat results on Tubi strength, higher distribution fees
• Positive Sentiment: Growth in Tubi and higher distribution fees helped offset weaker advertising trends, showing that Fox’s streaming and affiliate revenue streams are helping diversify results. Reuters: Fox posts upbeat results on Tubi strength, higher distribution fees
• Neutral Sentiment: Management highlighted that the company is now looking ahead to major sports catalysts, including the World Cup, which could support future advertising and viewing trends. Deadline: Fox March Quarter Revenue Dips Without Super Bowl As Company Gears Up For World Cup
• Negative Sentiment: Advertising revenue was hurt by the absence of the Super Bowl this year, creating a tough comparison with last year and weighing on overall revenue growth. MSN: Fox Corp. FQ3 ad revenue hit by loss of Super Bowl LX
• Negative Sentiment: Despite the earnings beat, quarterly revenue fell 8.6% year over year to $3.99 billion, reinforcing that core ad sales remain under pressure without major event-driven programming. PR Newswire: FOX reports third quarter fiscal 2026 revenue…

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.