Fox Corp Stock Surpasses Analyst Target, Signals Potential Growth

Fox Corp stock recently exceeded the average analyst target price, which may indicate further potential for growth. Analysts are divided in their outlooks, offering insight into investor strategies moving forward.

Date: 03-02-2025

AI Rating: 6

**Stock Performance and Analyst Recommendations**

Fox Corp (Symbol: FOX) recently saw its shares rise above the average analyst 12-month target price of $48.40, trading at approximately $48.60. This movement may prompt analysts to evaluate their ratings on the stock. The reactions from analysts could range from downgrading on valuation to potentially raising the price targets, depending on their assessment of business fundamentals driving the stock price.

It is noteworthy that within the Zacks coverage universe, there are 10 different analyst targets for Fox Corp. One analyst has set a lower target at $35.00, while another believes in a target as high as $58.00. The standard deviation of $8.058 suggests variability in analyst predictions. With a current stock price crossing above the average target, investors are encouraged to consider whether this milestone indicates a stopping point or the beginning of further ascent.

**Current Analyst Ratings**

The recent breakdown of analyst ratings for Fox Corp shows a shift in sentiment. The number of strong buy ratings has decreased from 6 to 5 over the past month, while hold ratings have increased from 5 to 6 in the same timeframe. Notably, there have been no buy, sell, or strong sell ratings in the past three months. The average rating has slightly deteriorated, moving from 1.91 to 2.09, indicating a cautious approach among analysts.

Overall, while analysts are not signaling strong confidence at this moment, the fact that there are more hold ratings compared to strong buy ratings suggests a tempered optimism. Investors will need to weigh the information about analyst targets and ratings seriously when making decisions.

Stocks: FOX