Fox Corporation

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Evercore ISI Reaffirms Their Hold Rating on Fox (FOXA)

πŸ“Š Evercore ISI analyst Kutgun Maral reaffirmed a Hold rating on Fox Corp. (NASDAQ: FOXA) with a price target of $73.00.

πŸ“ˆ Based on fourth-quarter results, the company reported revenue of $5.18 billion and net profit of $229 million.

πŸ“‰ This represents an increase in revenue from last year's $5.08 billion but a decrease in net profit compared to the previous year's $373 million.

πŸ”„ Barclays analyst Kannan Venkateshwar also issued a Hold rating on Fox Corp. in a report released today.

πŸ’š Conversely, Deutsche Bank maintained its Buy rating on Fox Corp. with a price target of $45.00 (as referenced in similar analysis).

πŸ”Ό Wells Fargo raised their price target for Fox Corp. from $67 to $71.

πŸ”Ό JPMorgan increased their price target for Fox Corp. from $69 to $70.

πŸ”½ BofA lowered their price target for Fox Corp. from $45 to $54, though this may refer to a different ticker or specific class.

πŸ’° Analyst Kutgun Maral has an average return of 1.3% and a 46.58% success rate on recommended stocks.

πŸ“° The report was released via TipRanks on Wednesday, May 13, at 9:48 AM CDT.

Full Analysis
In a report released on May 13, Kutgun Maral of Evercore ISI maintained a Hold rating on Fox Corp. Class A shares (ticker FOXA), setting a price target of $73.00. The analyst specifically covers the Communication Services sector, noting his historical performance includes an average return of 1.3% and a 46.58% success rate on his recommendations. This update comes amidst mixed analyst sentiment for the company on the same day, as Barclays kept its Hold rating with a target around $70 while Deutsche Bank maintained a Buy position. The report context highlights Fox Corp.'s latest quarterly financial results released for the quarter ending December 31. The company reported total revenue of $5.18 billion against a net profit of $229 million, compared to previous year figures of $5.08 billion in revenue and $373 million in net profit. Despite the decline in annualized earnings, the market remains active with Wells Fargo raising its price target to $71 from $67, and JPMorgan increasing its target to $70 from $69. Additional analyst movements show Barclays previously raising its price target to $67 from $63, though Bank of America has a lower target at $54 after an earlier revision. The consensus suggests that while the company is seeing volatility in profitability, it continues to hit record EBITDA levels and trade on expectations for future growth within the media landscape. Investors should note this analysis is syndicated content from third-party providers like TipRanks and Barchart, where editorial review may not have been conducted by the hosting publication.