Analyst Peter Supino raises Fox’s price target to 71 USD, citing undervaluation after a post-acquisition stock decline.
Fox stock received an upgrade from Wolfe Research, which raised its rating to outperform from peer perform and set a 71 USD price target. The move follows a sharp drop in FOXA shares after the company announced plans to acquire Roku, a shift toward streaming video.
Prior to the upgrade, Fox stock had fallen on concerns over the strategic pivot and integration risks. Wolfe Research argued the sell-off was excessive, noting the combined entity could strengthen both companies’ market positions.
No immediate market reaction was detailed in the report, but the upgrade signals renewed confidence in Fox’s streaming strategy.