FOX Should I Buy
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FOX is not a good buy right now for a beginner long-term investor with $50,000-$100,000 available. The stock is trading near resistance in pre-market, technical momentum is mixed-to-bearish, analysts have turned negative, and insiders are heavy sellers. I would not buy this immediately; the better choice is to wait for clearer confirmation or a lower entry.
FOX is pre-market at 56.5, slightly below the pivot at 57.364 and just above S1 at 56.071, so it is sitting in a narrow decision zone. RSI_6 at 52.314 is neutral, showing no strong momentum either way. However, the MACD histogram is -0.0984 and negatively expanding, which signals weakening short-term trend strength. Moving averages are converging, so the stock lacks a clear bullish breakout structure. Overall, the technical setup is neutral-to-bearish rather than a strong buy.
Revenue in 2026/Q2 increased 2.05% YoY to 5.182B, showing the top line is still growing. The stock also has some supportive options positioning with low put-call open interest. The broader market is pre-market positive, with the S&P 500 up 0.27%, which may offer a modest tailwind.
BofA downgraded FOX to Underperform from Buy and cut the price target sharply to $45 from $80, citing major exposure to NFL renewal risk and possible downside to FY27 EBITDA. Insiders are heavy sellers, with selling up 4319.28% over the last month. Net income fell 38.61% YoY, EPS fell 35.80% YoY, and gross margin declined 3.46% YoY in the latest quarter, which weakens the fundamental picture. Hedge funds are neutral, and there is no recent congress trading support. AI Stock Picker and SwingMax both show no signal.
In 2026/Q2, FOX posted revenue of 5.182B, up 2.05% YoY, so revenue growth remains positive. However, profitability weakened materially: net income fell to 229M, down 38.61% YoY, EPS dropped to 0.52, down 35.80% YoY, and gross margin declined to 22.91 from a year earlier. This is a mixed quarter with top-line growth but clearly softer earnings quality.
Recent analyst trend is negative. BofA downgraded Fox Corp. to Underperform from Buy and slashed the price target from $80 to $45, a very bearish revision. The reason given was FOX’s exposure to the NFL renewal process and the risk to future EBITDA. Wall Street’s pros view is that FOX still has valuable sports and news assets, but the cons view now dominates due to uncertainty, valuation pressure, and the recent downgrade trend.
