Evercore Increases FOX (NASDAQ:FOXA) Price Target to $70.00

FOX (NASDAQ:FOXA) had its price objective raised by investment analysts at Evercore from $66.00 to $70.00 in a report released on Thursday, Marketbeat.com reports. The brokerage presently has an “in-line” rating on the stock. Evercore’s target price indicates a potential upside of 8.06% from the stock’s previous close.

FOXA has been the subject of a number of other research reports. Bank of America lifted their target price on shares of FOX from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Citigroup raised their price target on FOX from $77.00 to $78.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of FOX in a research note on Monday, December 29th. Finally, Arete Research raised FOX from a “neutral” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.07.

FOX Stock Down 1.7%

Shares of NASDAQ FOXA opened at $64.78 on Thursday. FOX has a 52-week low of $46.42 and a 52-week high of $76.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.03 and a current ratio of 2.78. The business has a fifty day moving average of $71.73 and a two-hundred day moving average of $64.27. The stock has a market cap of $28.76 billion, a PE ratio of 15.57, a PEG ratio of 9.28 and a beta of 0.51.

FOX (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.35. FOX had a net margin of 11.41% and a return on equity of 18.14%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that FOX will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 138,397 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $66.54, for a total transaction of $9,208,936.38. Following the completion of the sale, the chief financial officer directly owned 180,556 shares of the company’s stock, valued at approximately $12,014,196.24. The trade was a 43.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $59.26, for a total transaction of $5,926,000.00. Following the transaction, the chairman owned 1,100,862 shares in the company, valued at approximately $65,237,082.12. The trade was a 8.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,294 shares of company stock worth $17,214,273 over the last three months. 19.68% of the stock is currently owned by company insiders.

Institutional Trading of FOX

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of FOX by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,924,975 shares of the company’s stock worth $121,389,000 after purchasing an additional 16,757 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in FOX by 72.0% in the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock valued at $101,948,000 after purchasing an additional 762,645 shares during the last quarter. Andra AP fonden lifted its stake in FOX by 2.6% in the third quarter. Andra AP fonden now owns 944,500 shares of the company’s stock valued at $59,560,000 after buying an additional 23,700 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in FOX during the fourth quarter worth about $67,467,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of FOX by 9.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 662,247 shares of the company’s stock worth $41,761,000 after buying an additional 56,234 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Key FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Q4 deep-dive highlights broad-based growth from news, sports and streaming, reinforcing revenue diversification and subscriber/advertising strength. FOXA Q4 Deep Dive: News, Sports, and Streaming Drive Broad-Based Growth
• Positive Sentiment: Transcript of Fox’s Q2 2026 earnings call shows managementbeat consensus on EPS and revenue, and commentary that supports the quarter’s outperformance — a near-term fundamental positive for the stock. Fox (FOXA) Q2 2026 Earnings Call Transcript
• Positive Sentiment: Morgan Stanley raised its price target to $77 (equal weight), the largest upside among recent broker moves, signaling confidence in Fox’s outlook and valuation upside. Morgan Stanley PT Raise
• Positive Sentiment: Evercore ISI lifted its target to $70 (in-line), another signal that sell-side analysts see modest upside from current levels. Evercore ISI PT Raise
• Neutral Sentiment: JPMorgan raised its price target to $69 but kept a “neutral” rating — a modest positive to target but not a directional endorsement, so impact on price may be limited. JPMorgan PT Adjustment
• Negative Sentiment: Wells Fargo downgraded Fox from “overweight” to “equal weight” and trimmed its target from $80 to $75, signaling reduced conviction on near-term outperformance and likely contributing to selling pressure. Wells Fargo Downgrades Fox (FOXA)

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.