The average of price targets set by Wall Street analysts indicates a potential upside of 29.3% in Manchester United (MANU). 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.
Does Manchester United (MANU) have what it takes to be a top stock pick for momentum investors? Let's find out.
It is not that often that we see a professional sports team be a public company but that is just what MANU is.
Manchester United (MANU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The mean of analysts' price targets for Manchester United (MANU) points to a 29.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Manchester United Plc (NYSE:MANU) shares are a ‘Buy' but the football club's revenue forecast of £690 million for the year is very unlikely to be achievable, that's according to UBS analyst Ivar Billfalk-Kelly. The Swiss bank's own revenue forecast is pitched at £662 million, and it is based on United finishing the premier league in fifteenth place and doesn't assume any European success.
Manchester United Plc (NYSE:MANU) has unveiled plans to build a new 100,000-seat stadium to replace its current 115-year-old Old Trafford home. What would be the largest stadium in the country, topping Wembley's 90,000 capacity, is part of plans for a regeneration of the Old Trafford area, also including the building of 17,000 new homes.
MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), has thrown its support behind the Government's growth agenda by announcing its intention to pursue a new 100,000-seat stadium as the centrepiece of the regeneration of the Old Trafford area. The stadium, and wider regeneration project, have the potential to deliver an additional £7.3bn per year to the UK economy which brings large-scale social and economic benefits to the community and wider region, including the possible.
UBS is playing the long game on Manchester United Plc (NYSE:MANU), despite the club being on track for its worst-ever Premier League finish. The bank has cut its earnings estimates for 2025 and 2026, reflecting a predicted 15th-place finish this season and a mid-table recovery to 10th next year.
Manchester United PLC swung to a loss in the second quarter as the Premier League football club's absence from the top flight of European football hampered revenue. A £27.7 million loss was recorded for the three months to December 31, the club reported Wednesday, against a £24.4 million profit a year earlier.
Manchester United (MANU) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.14 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 28% in Manchester United (MANU). 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.