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Research Alert: CFRA Reiterates Buy Opinion On Shares Of Fox Corporation
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Research Alert: CFRA Reiterates Buy Opinion On Shares Of Fox Corporation
May 12, 2026 5:18 AM

08:15 AM EDT, 05/12/2026 (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 keep our target at $80, using a forward TEV/EBITDA of 9.3x our FY 27 (Jun.) EBITDA view of $4.0B, vs. the three-year historical average of 7.0x. We justify our higher valuation given direct peers that have 10.0x to 12.0x TEV/EBITDA multiples from businesses in broadcast TV and local TV station franchises. FOXA's share price was up 25% in the last 12 months, but 15% lower YTD even though FOXA is beating consensus and has premier media assets in live sports and live news platforms. We like its overall profile with elevated risk from linear to digital distribution, as seen with early success of Tubi and Fox One provides meaningful strategic optionality. The addition of 550 new premium advertisers over two years suggests Fox News is successfully diversifying its advertiser base beyond traditional categories, reducing concentration risk, and creating a more resilient revenue stream. This pricing power appears underappreciated by the market. We lift our FY 26 EPS by $0.30 to $5.00 and FY 27's by $0.60 to $5.60.

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