Fox Corporation Class B (FOXA) is making significant strides. Various organizations such as
SteelPeak Wealth LLC, Baader Bank Aktiengesellschaft, Pacer Advisors Inc, KBC Group NV, and Brookstone Capital Management have recently invested in FOXA, reflecting industry confidence. Q1 Fiscal 2025 results showed impressive figures, including revenues of $3.56 billion, net income of $832 million, and adjusted EBITDA of $1.05 billion - contributing to the surge in Fox Corp's stock price to an all-time high of $44.91. However,
FOX's stock also saw substantial sell-offs from Manning & Napier Advisors LLC, Assenagon Asset Management S.A, and First Hawaiian Bank. A defamation lawsuit of $2.7B over 2020 election coverage is currently against the corporation. Reduced viewership post-Tucker Carlson may also impact the corporation. Amid challenges, Fox announced new advertising integrations across their portfolio, strategic team realignment, and Fox Future studio lot project. Market watchers maintain varied opinions: JPMorgan Chase & Co predicts a stock-price rise; Moffett Nathanson downgrades to neutral rating, but the price target has been raised to $59.
Fox Corporation Class A FOXA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sat, 01 Feb 2025 04:17:17 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor -3
