02:05 PM EDT, 07/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We initiate coverage on FWON.K with a 12-month target price at $125, using a forward TEV/EBITDA of 27.1x our 2026 EBITDA estimate of $1.24B, compared to the three-year historic average at 28.8x. Our EPS estimates are $1.70 in 2025 and $2.15 in 2026, near consensus estimates on revenue projections of $4.3B and $4.8B, respectively. Since Liberty Media's 2017 acquisition, FWON.K's revenue has grownto $3.7B from $1.78B, led by U.S. market expansion (e.g., Miami and Las Vegas GPs), digital transformation and social media growth, Netflix's "Drive to Survive," and an increase to 24 from 20 races per season. The recent F1 movie starring Brad Pitt has further broadened market awareness and has grossed nearly $500M since its July release. On July 3, 2025, the company completed the $4.5B purchase of MotoGP in a major motorsport consolidation deal. Competitive risks are declining ownership, team departures, and motorsport peers like IndyCar or NASCAR, which are both U.S.-centric, while F1 is a leading global brand.