Goldman Sachs analyst Michael Ng raised the firm’s price target on Fox Corp. (FOXA) to $60 from $57 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s Q2 EBITDA topped estimates on Television and Cable Network Programming, driven by broad-based strength across sports and Fox News Channel ratings, record political advertising revenue, Tubi’s 31% revenue growth y/y, and affiliate fees, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXA:
- MoffettNathanson sees questions around cash flow limiting Fox upside
- Fox (NASDAQ:FOXA) Goes Subscription Streaming This Year
- China retaliates with tariffs on U.S., Merck falls after earnings: Morning Buzz
- Morning Movers: Spotify and Pfizer climb after fourth quarter results
- Fox Corp. reports Q2 adjusted EPS 96c, consensus 64c