**Citizens Initiates Coverage of Formula One Group with Market Outperform Rating**
On March 30, 2026, Citizens announced a Market Outperform rating for Formula One Group (NasdaqGS:FWONA). The average one-year price target for the company is projected at $117.40 per share, reflecting a potential upside of 56.31% from its latest closing price of $75.11.
As of March 27, 2026, the projected annual revenue for Formula One Group is $3.37 billion, indicating a decrease of 24.81%. The average non-GAAP EPS is estimated at $1.47. Institutional ownership has shifted, with 302 funds currently reporting positions, a drop of 38.37% in the last quarter. The overall shares owned by institutions decreased by 6.26% to approximately 21.06 million shares. The put/call ratio stands at 0.46, suggesting a bullish market outlook.
