PARAA - Fox's Growth Prospects Competitive Valuation Stand Out Against Disney Paramount; Analyst Sees Momentum With Tubi Sports | Benzinga
BofA Securities analyst Jessica Reif Ehrlich reiterated a Buy rating on Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA) with a price target of $40, up from $34.
Reif Ehrlich noted fiscal 2024 was set to be a challenging year given the tough comparisons to fiscal 2023, which included the Super Bowl, the World Baseball Classic, a midterm political cycle and the Men’s World Cup.
According to the analyst, Fox is now well-positioned to accelerate earnings in fiscal 2025.
Also Read: Fox Beats Revenue Estimates, Plans New Streaming Venture With Warner Bros. And Disney
Her bullish thesis reflected an improving advertising backdrop that should benefit from a U.S. presidential, congressional and ballot election cycle in the second half of 2024, continued momentum ...