FOXA Price Prediction Next Week
Prediction and Recommendation for FOXA
Based on the analysis of news sentiment, technical indicators, and recent developments, here is the prediction and recommendation for FOXA:
News Impact:
- Ontario's Ad Campaign: The continued investment in advertising on Fox platforms is expected to boost ad revenue, supporting FOXA's financial performance.
- Trump's Speech Viewership: High viewership numbers for Fox News during Trump's speech indicate strong engagement, which is positive for ad revenue.
- New Streaming Service: The launch of a new streaming service could drive long-term growth and diversify revenue streams.
Technical Indicators:
- RSI (14): 55.09, indicating the stock is not overbought.
- MACD: Positive, suggesting upward momentum.
- Bollinger Bands: The stock is near the lower band, indicating potential oversold conditions and a possible bounce.
Fibonacci Levels:
- Pivot Point: 56.57
- Support Levels: 53.85, 52.17
- Resistance Levels: 58.25, 59.29
Analyst Sentiment:
- Average Price Target: $55.00
- Recent Upgrades: Multiple analysts have raised their price targets, with some as high as $64.
Price Prediction:
- Target Price: $58.25
- Recommendation: Buy
Conclusion:
The combination of positive news and favorable technical indicators suggests that FOXA is likely to move upwards in the next trading week. The stock is expected to test the resistance level at $58.25.
FOXA Similar Chart Price Prediction
The price of FOXA is predicted to go up -8.68%, based on the high correlation periods with FOX. The similarity of these two price pattern on the periods is 99.55%.
FOXA
FOX
Down: -8.68%Similarity: 99.55%
FOXA Revenue Forecast
FOXA EPS Forecast
FOXA FAQs
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FOXA VS S&P500
Fox holds very attractive sports rights, and Fox News is the long-running leader in cable news viewership, giving Fox pricing power that helps it offset the decline in pay-TV subscribers and buck the industry trend of shrinking affiliate revenue.
Sports and news continue to attract live viewership, which puts Fox in a much stronger position than peers to grow advertising revenue.
Without a subscription streaming service requiring heavy investment, profits from cash cow pay-TV businesses will continue dropping to the bottom line.
FOXA Analyst's Forecast
Robert Fishman
MoffettNathanson
Strong Buy → Hold
2025-01-21
Price Target
$51 → $52
Upside
+8.56%
MoffettNathanson downgraded Fox Corp. to Neutral from Buy.
Michael Ng
Goldman Sachs
Strong Buy
2024-12-19
Price Target
$51 → $57
Upside
+16.71%
Jason Bazinet
Citigroup
Strong Buy
2024-12-18
Price Target
$50 → $58
Upside
+17.34%
