Formula One Group (FWONK)
NASDAQ: FWONK · Real-Time Price · USD
80.65
+0.81 (1.01%)
At close: Nov 1, 2024, 4:00 PM
81.82
+1.17 (1.45%)
After-hours: Nov 1, 2024, 5:40 PM EDT
Formula One Group Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Formula One Group stock have an average target of 87.5, with a low estimate of 85 and a high estimate of 90. The average target predicts an increase of 8.49% from the current stock price of 80.65.
Analyst Consensus: Buy
* Price targets were last updated on Sep 23, 2024.
Analyst Ratings
The average analyst rating for FWONK stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 1 | 1 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 4 | 4 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $80 → $85 | Hold | Maintains | $80 → $85 | +5.39% | Sep 23, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $83 → $80 | Hold | Maintains | $83 → $80 | -0.81% | Aug 9, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $85 → $90 | Buy | Maintains | $85 → $90 | +11.59% | Jun 4, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $80 → $85 | Buy | Maintains | $80 → $85 | +5.39% | Mar 11, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $80 → $70 | Buy → Hold | Downgrades | $80 → $70 | -13.21% | Dec 18, 2023 |
Financial Forecast
Revenue This Year
3.90B
from 3.22B
Increased by 21.07%
Revenue Next Year
4.30B
from 3.90B
Increased by 10.33%
EPS This Year
1.07
from 0.62
Increased by 74.23%
EPS Next Year
1.38
from 1.07
Increased by 28.83%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.3B | 5.1B | 5.4B | ||
| Avg | 3.9B | 4.3B | 4.6B | ||
| Low | 3.5B | 3.6B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.9% | 30.3% | 26.0% | ||
| Avg | 21.1% | 10.3% | 6.6% | ||
| Low | 7.1% | -7.5% | -11.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.29 | 2.05 | 2.60 | ||
| Avg | 1.07 | 1.38 | 1.91 | ||
| Low | 0.70 | 0.80 | 1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 109.4% | 90.6% | 88.1% | ||
| Avg | 74.2% | 28.8% | 38.0% | ||
| Low | 12.8% | -25.2% | -10.9% |
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.