Formula One Group (FWONA)

Formula One Group Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Formula One Group stock have an average target of 75, with a low estimate of 71 and a high estimate of 81. The average target predicts an increase of 7.73% from the current stock price of 69.62.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$71	$75	$73	$81
Change	+1.98%	+7.73%	+4.85%	+16.35%

* Price targets were last updated on Aug 9, 2024.

Analyst Ratings

The average analyst rating for FWONA stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Mar '24	Apr '24	May '24	Jun '24	Jul '24	Aug '24
Strong Buy	2	2	2	2	2	2
Buy	1	1	1	1	1	0
Hold	0	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	4	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Harrigan Benchmark	Benchmark	Strong Buy Maintains $77 → $81	Strong Buy	Maintains	$77 → $81	+16.35%	Aug 9, 2024
Matthew Harrigan Benchmark	Benchmark	Strong Buy Reiterates $77	Strong Buy	Reiterates	$77	+10.60%	May 22, 2024
Bryan Kraft Deutsche Bank	Deutsche Bank	Hold Maintains $73	Hold	Maintains	$73	+4.85%	Apr 2, 2024
Jason Bazinet Citigroup	Citigroup	Hold → Strong Buy Upgrades $71	Hold → Strong Buy	Upgrades	$71	+1.98%	Oct 6, 2023
Matthew Harrigan Benchmark	Benchmark	Strong Buy Reiterates $77	Strong Buy	Reiterates	$77	+10.60%	Aug 8, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

3.92B

Increased by 21.66%

from 3.22B

Revenue Next Year

4.28B

Increased by 9.08%

from 3.92B

EPS This Year

1.05

Increased by 70.25%

from 0.62

EPS Next Year

1.39

Increased by 32.32%

from 1.05

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.02B	1.15B	2.14B	2.57B	3.22B	3.92B	4.28B	4.62B
Revenue Growth	10.67%	-43.37%	86.55%	20.46%	25.22%	21.66%	9.08%	7.97%
EPS	-1.35	-2.57	-0.82	2.15	0.62	1.05	1.39	1.93
EPS Growth	-	-	-	-	-71.29%	70.25%	32.32%	38.63%
Forward PE	-	-	-	-	-	66.31	50.12	36.15
No. Analysts	-	-	-	-	-	13	13	13

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.3B	5.0B	5.3B
Avg	3.9B	4.3B	4.6B
Low	3.5B	3.8B	4.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	31.9%	27.7%	23.0%
Avg	21.7%	9.1%	8.0%
Low	7.1%	-3.2%	-6.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.28	2.05	2.60
Avg	1.05	1.39	1.93
Low	0.71	0.90	1.23

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	107.7%	95.0%	87.4%
Avg	70.2%	32.3%	38.6%
Low	14.4%	-14.0%	-11.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.