Completion of Split-Off: Liberty Media successfully completed the split-off of Liberty Live Holdings at 4:05 PM NYC time today, marking the establishment of two independent publicly traded companies, which is expected to enhance their market performance.
Stock Trading Arrangements: Liberty Live Holdings' Series A and C common stocks will begin trading on the Nasdaq Global Select Market on December 16, 2025, while Series B is expected to quote on OTC Markets around December 17, 2025, thereby enhancing liquidity options for investors.
Share Structure: Post-split, Liberty Live Holdings has approximately 25.6 million shares of Series A, 2.5 million shares of Series B, and 63.8 million shares of Series C common stock, providing diverse investment opportunities that may attract various types of investors.
Asset Reallocation: In conjunction with the split-off, Liberty Media reattributed certain assets and liabilities between the Formula One Group and Liberty Live Group, aiming to optimize the financial structure and operational efficiency of both companies.
FWONA
$87.12+Infinity%1D
Analyst Views on FWONA
Wall Street analysts forecast FWONA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWONA is 108.50 USD with a low forecast of 107.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast FWONA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWONA is 108.50 USD with a low forecast of 107.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 86.410
Low
107.00
Averages
108.50
High
110.00
Current: 86.410
Low
107.00
Averages
108.50
High
110.00
TD Cowen
Buy
maintain
$106 -> $107
2025-11-06
Reason
TD Cowen
Price Target
$106 -> $107
2025-11-06
maintain
Buy
Reason
TD Cowen raised the firm's price target on Liberty Formula One to $107 from $106 and keeps a Buy rating on the shares. The firm said Q3 results exceeded expectations, with F1 outperforming on stronger sponsorship and hospitality.
TD Cowen
Lance Vitanza
Buy
maintain
$105 -> $106
2025-09-18
Reason
TD Cowen
Lance Vitanza
Price Target
$105 -> $106
2025-09-18
maintain
Buy
Reason
TD Cowen analyst Lance Vitanza raised the firm's price target on Liberty Formula One to $106 from $105 and keeps a Buy rating on the shares. The firm met with management at the San Marino GP which reinforced MotoGP's potential as they estimate promoter renewals are delivering 15-20% uplifts with annual escalators while sponsorship is shifting beyond endemic partners towards global brands.
TD Cowen
Buy
maintain
$104 -> $105
2025-08-08
Reason
TD Cowen
Price Target
$104 -> $105
2025-08-08
maintain
Buy
Reason
TD Cowen raised the firm's price target on Liberty Formula One to $105 from $104 and keeps a Buy rating on the shares. The firm said they delivered a clean beat on revenue and OIBDA despite a heavier event mix.
Guggenheim
Curry Baker
Buy
maintain
$95 -> $110
2025-07-22
Reason
Guggenheim
Curry Baker
Price Target
$95 -> $110
2025-07-22
maintain
Buy
Reason
Guggenheim analyst Curry Baker raised the firm's price target on Liberty Formula One A shares to $110 from $95 and keeps a Buy rating on the shares after updating the firm's model to include the acquisition of MotoGP that was completed on July 3. At the Formula 1 business, the firm continues to see momentum heading into the second half, the analyst noted.
About FWONA
Formula One Group (Formula One) is a tracking stock of Liberty Media Corporation (Liberty Media), which is based in the United States. Formula One consists of Liberty Media's interest in Formula 1 and Quint and other minority investments. The Series A and Series C Liberty Formula One common stock trade on the Nasdaq Global Select Market under the stock symbols FWONA and FWONK, respectively. The Series B Liberty Formula One common stock is quoted on the OTC Markets under the symbol FWONB.
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.
