Liberty Media Corp’s Stock Surpasses Analyst Price Target
In recent trading, shares of Liberty Media Corp (Symbol: FWONK) have climbed above the average analyst 12-month target price of $99.71, currently selling for $100.05 per share. When this occurs, analysts face a decision: they can either downgrade their valuation or raise their target price. Their reactions may vary based on recent business developments that could justify the stock’s rise — if the outlook is positive, adjusting the target price higher might be appropriate.
Analyst Target Breakdown Offers Insight into Stock Performance
There are seven different analyst targets contributing to the Zacks coverage average for Liberty Media Corp. While the average provides a general idea, it is influenced by individual analyst opinions. For instance, one analyst projects a price of $85.00, while another is optimistic with a target as high as $115.00, resulting in a standard deviation of $9.551.
The purpose of considering the average FWONK price target is to leverage a “wisdom of crowds” strategy. This aggregates insights from multiple analysts rather than relying on a single perspective. With FWONK surpassing the average target price of $99.71 per share, investors now have a valuable opportunity to assess whether this price is just a milestone on the way to a higher target, or if it signals an overvalued stock that might warrant reducing their holdings. Below is a table showing the current thinking of analysts covering Liberty Media Corp:
| Recent FWONK Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 5 | 6 |
| Buy ratings: | 1 | 1 | 0 | 0 |
| Hold ratings: | 2 | 2 | 3 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.56 | 1.56 | 1.75 | 1.5 |
The average rating presented in the last row of the table ranges from 1 to 5, where 1 indicates a strong buy and 5 suggests a strong sell. This article utilized data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on FWONK, please check their website.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
