Fox Corp Surpasses Analyst Target Price: What’s Next?
In recent trading, shares of Fox Corp (Symbol: FOX) have risen above the average analyst 12-month target price of $44.12, currently valued at $44.22 per share. When a stock hits an analyst’s target, they typically face two choices: either downgrade their valuation or raise their target price. Their decision may be influenced by the company’s recent performance, which could warrant a reevaluation of the target price.
Analyzing Analyst Predictions
Eight analysts contribute to the average target for Fox Corp, but this average represents diverse opinions. Among them, one analyst predicts a price drop to $36.00, while another sees potential rising as high as $51.00. Notably, the standard deviation from these predictions is $6.621, indicating varying outlooks.
Market Insights and Investor Considerations
The purpose of examining the average target price for FOX is to leverage the collective judgments of multiple analysts instead of relying on just one expert’s opinion. Now that FOX has exceeded the average target price of $44.12 per share, investors may wish to closely assess the company’s potential. Is this just a stepping stone to an even higher price, or have valuations risen too far, making it prudent to consider selling some shares? The table below outlines the current perspectives from analysts covering Fox Corp:
| Recent FOX Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 4 | 3 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 1.86 | 1.67 |
The average rating in the table above ranges from 1 to 5, where 1 indicates a Strong Buy, and 5 signifies a Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
