Key Highlights:
- News Corp sells Foxtel to DAZN, gaining a strategic 6% stake.
- Analysts anticipate a 35.32% upside in News Corp's stock price.
- Current valuation forecasts suggest potential overvaluation by 29.71%.
News Corp Sells Foxtel to DAZN
News Corp (NWSA, Financial) has successfully completed its divestiture of the Australian pay-TV entity Foxtel Group to DAZN Group, a prominent sports media company. This strategic decision included the settlement of A$592 million in shareholder loans and rewarded News Corp with a strategic 6% minority interest in DAZN. After receiving all necessary regulatory approvals, News Corp anticipates that this move will significantly fortify its balance sheet and potentially enhance its earnings per share metrics. Additionally, Andrew Cramer from News Corp has secured a position on DAZN's board, further strengthening the alliance.
Analyst Price Targets for News Corp
Wall Street analysts provide a positive outlook for News Corp (NWSA, Financial), with 8 experts predicting a one-year average price target of $36.35. This target price spans from a high of $44.00 to a low of $26.77, indicating a potential upside of 35.32% from the current stock price of $26.86. For more detailed projections, please visit the News Corp (NWSA) Forecast page.
Brokerage Recommendations
The consensus recommendation from 10 brokerage firms places News Corp (NWSA, Financial) at an average rating of 1.9, categorizing it as "Outperform." This rating is on a scale from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell. This suggests that many analysts are optimistic about the company's near-term performance.
GF Value Estimation
The GF Value calculated by GuruFocus estimates the fair value of News Corp (NWSA, Financial) at $18.88 over the next year, indicating a possible downside of 29.71% from the current price of $26.86. The GF Value represents a comprehensive assessment considering historical trading multiples, past growth, and anticipated future business performance. To explore more in-depth analytics, refer to the News Corp (NWSA) Summary page.
