Seaport Research Partners Upgrades Fox to Buy Amid Positive Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Source: seekingalpha
Fox Corporation's stock rose by 5.02% as it crossed above the 5-day SMA, despite the broader market decline with the Nasdaq-100 down 1.26% and the S&P 500 down 0.56%.
The upgrade from Seaport Research Partners, which raised Fox's rating from 'neutral' to 'buy', is based on the belief that the recent pullback in shares was overdone. They highlighted upcoming catalysts such as the FIFA World Cup programming and midterm elections, which are expected to boost advertising revenue, particularly in sports and news. Additionally, the strong performance of Fox's Tubi streaming platform supports a positive outlook, with a new price target of $64 indicating a 15.6% upside potential.
This upgrade reflects analysts' confidence in Fox's ability to leverage its strengths in the media landscape, suggesting that the company is well-positioned for growth despite recent market challenges.
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Analyst Views on FOXA
Wall Street analysts forecast FOXA stock price to rise
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 63.920
Low
63.00
Averages
74.46
High
85.00
Current: 63.920
Low
63.00
Averages
74.46
High
85.00
About FOXA
Fox Corporation produces and distributes news, sports, and entertainment content through its primary domestic brands, including FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. Its operating segments include Cable Network Programming, Television, Credible and the FOX Studio Lot. Cable Network Programming produces and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors (virtual MVPDs) and other digital platforms. Television produces, acquires, markets and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, approximately 29 full power broadcast television stations, including 11 duopolies, and other digital platforms. The FOX Studio Lot provides television and film production services. Credible is a United States consumer finance marketplace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Revenue Drop: The company's revenue for the third quarter fell to $3.994 billion, down 8.6% from $4.371 billion last year, highlighting the direct impact of a sluggish advertising market on its top line.
- Market Reaction: With both profit and revenue declining, Fox Corporation's stock price may face pressure, prompting investors to closely monitor future market strategies and plans for growth recovery.
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