Bank of America has upgraded Fox Corp (NASDAQ:FOXA) to 'buy' from 'underperform' and raised its price target to $85 from $54. The bank expects Fox's pending acquisition of Roku Inc (NASDAQ:ROKU) the streaming platform operator, to improve its growth prospects and generate about $700 million in additional annual earnings by 2028.
Fox's acquisition gives the media titan a way to deliver its programming directly to views, a huge plus for its Sunday NFL games.
Fox (FOXA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
| Entertainment Industry | Communication Services Sector | Lachlan Keith Murdoch CEO | XFRA Exchange | 35137L204 CUSIP |
| US Country | 10,550 Employees | 2 Sep 2026 Last Dividend | - Last Split | 12 Mar 2019 IPO Date |
Fox Corporation is a diversified news, sports, and entertainment company rooted in the United States. Since its incorporation in 2018, it has embarked on servicing a wide audience across multiple platforms including traditional cable systems, direct broadcast satellite operators, telecommunication companies, and various digital channels. The company categorizes its operations into three primary segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. With its headquarters in New York, New York, Fox Corporation has etched its presence as a leading content provider in the competitive media landscape.
Fox Corporation extends its offerings through a variety of channels and services, which include: