Formula One Group·Communication Services

Formula One Group is rated Buy with an $85.15 price target, reflecting a 13.36% upside despite recent race cancellations. Cancellation of Bahrain and Saudi Arabian GPs creates a temporary revenue headwind, but diversified revenue streams, especially media rights, provide resilience. Apple's new five-year exclusive U.S. rights deal boosts media rights revenue by 56%, offsetting promoter fee losses and expanding F1's reach via Apple TV+ and Netflix.

The Middle East conflict has cut Formula One's race calendar and battered the share price of its owner Liberty Media , but market analysts believe both will ride out the crisis with long-term prospects intact.

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ: FWONA - Get Free Report) have been given a consensus recommendation of "Buy" by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation

Bamco Inc. NY lessened its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ: FWONA) by 4.7% during the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 317,764 shares of the company's stock after selling 15,553 shares during the period. Bamco Inc.

The average of price targets set by Wall Street analysts indicates a potential upside of 42% in Liberty Media Corporation - Liberty Formula One Series A (FWONA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Liberty Media Corporation - Liberty Formula One Series A (FWONA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.
Communication Services
Entertainment
6,667
2013-01-10
0.74