Fox Corporation (NASDAQ:FOXA) Price Target Raised Amid Strong Earnings and Valuation Debate
Font: Financial Modeling Prep • May 12, 2026
- Barclays increased the price target for Fox Corporation (NASDAQ:FOXA) to $67.00, just below its current trading price of $67.72.
- The company reported strong third-quarter earnings of $1.32 per share, surpassing estimates of $1.02 per share, supported by robust advertising sales.
- Despite positive performance, a GuruFocus analysis indicates Fox Corporation is "significantly overvalued," trading 33.2% above its GF Value of $50.84, though it maintains a strong GF Score of 84 out of 100.
Fox Corporation is a media company known for its news and sports broadcasting. It operates major television networks and has expanded into digital streaming with its Tubi service. The company competes in a dynamic media landscape against other major broadcasters and streaming platforms.
On May 12, 2026, an analyst at Barclays increased the price target for Fox Corporation to $67.00, up from a previous target of $63.00. A price target is an analyst's projection of a stock's future price. This new target was set just below the stock's trading price of $67.72.
The analyst update follows a strong performance for the stock, which rose 7.6% on May 11. This move was supported by better-than-expected quarterly results. For its third quarter, Fox Corporation reported earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.02 per share.
The company's revenue for the quarter was $3.99 billion, which also surpassed estimates. However, this figure is lower than the $4.37 billion reported in the same quarter last year. As highlighted by Reuters, strong advertising sales in its sports and news divisions helped drive the results.
Despite recent positive performance, a GuruFocus analysis suggests Fox Corporation is "significantly overvalued." Its price is 33.2% above its GF Value of $50.84. The company does, however, have a strong GF Score of 84 out of 100, indicating good long-term potential.
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