Formula One Group (FWONK)

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 89.33, with a low estimate of 85 and a high estimate of 93. The average target predicts an increase of 6.26% from the current stock price of 84.07.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$85	$89.33	$90	$93
Change	+1.11%	+6.26%	+7.05%	+10.62%

Analyst Ratings

The average analyst rating for FWONK stock from 3 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	0	0	1
Buy	2	2	2	1	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	4	4	4	2	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Barton Crockett Rosenblatt	Rosenblatt	Strong Buy Maintains $91 → $93	Strong Buy	Maintains	$91 → $93	+10.62%	Nov 8, 2024
Benjamin Swinburne Morgan Stanley	Morgan Stanley	Hold Maintains $80 → $85	Hold	Maintains	$80 → $85	+1.11%	Sep 23, 2024
Benjamin Swinburne Morgan Stanley	Morgan Stanley	Hold Maintains $83 → $80	Hold	Maintains	$83 → $80	-4.84%	Aug 9, 2024
Vijay Jayant Evercore ISI Group	Evercore ISI Group	Buy Maintains $85 → $90	Buy	Maintains	$85 → $90	+7.05%	Jun 4, 2024
Vijay Jayant Evercore ISI Group	Evercore ISI Group	Buy Maintains $80 → $85	Buy	Maintains	$80 → $85	+1.11%	Mar 11, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.89B

Increased by 20.76%

from 3.22B

Revenue Next Year

4.25B

Increased by 9.30%

from 3.89B

EPS This Year

1.07

Increased by 74.23%

from 0.62

EPS Next Year

1.38

Increased by 27.99%

from 1.07

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	3.89B	4.25B	4.58B
Revenue Growth	10.67%	-43.37%	86.55%	20.46%	25.22%	20.76%	9.30%	7.59%
EPS	-1.35	-2.57	-0.82	2.15	0.62	1.07	1.38	1.89
EPS Growth	-	-	-	-	-71.29%	74.23%	27.99%	37.14%
Forward PE	-	-	-	-	-	78.25	61.13	44.58
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	5.1B	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%	30.7%	27.6%
Avg	20.8%	9.3%	7.6%
Low	7.1%	-7.3%	-10.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.29	2.05	2.60
Avg	1.07	1.38	1.89
Low	0.70	0.80	1.23

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	109.4%	90.6%	89.4%
Avg	74.2%	28.0%	37.1%
Low	12.8%	-25.2%	-10.4%

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.