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).
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Roku's platform strategy and key partnerships strengthen its competitive position. The company is poised to benefit from the continued shift from cable to connected TV. The Fox acquisition enhances Roku's content offerings and partnership opportunities, further boosting its user growth and revenue potential.
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Fox Corporation (FOXA) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
Fox's $22 billion plan to buy Roku has hit a new hurdle.
Fox and Roku said they would work cooperatively with the Justice Department, providing the requested additional information and documentary material.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
$0.39. That is how much Newsmax collects per subscriber per month through affiliate fees, which are the payments cable and satellite providers make to carry a channel. Fox News collects $2.67 per subscriber, marking a roughly sevenfold difference despite comparable household reach, Newsmax's investor presentation said.