News Corporation (NWS)
NASDAQ: NWS · IEX Real-Time Price · USD
28.42
+0.27 (0.96%)
Jul 2, 2024, 4:00 PM EDT - Market closed
News Corp Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for News Corp stock have an average target of 29.5, with a low estimate of 27.5 and a high estimate of 32. The average target predicts an increase of 3.80% from the current stock price of 28.42.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 16, 2023.
Analyst Ratings
The average analyst rating for News Corp stock from 4 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 1 | 1 | 1 | 1 | 1 |
Buy | 2 | 3 | 3 | 3 | 3 | 3 |
Hold | 0 | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Macquarie | Macquarie | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Feb 8, 2024 |
JP Morgan | JP Morgan | Buy Maintains $28 → $29 | Buy | Maintains | $28 → $29 | +2.04% | Nov 16, 2023 |
JP Morgan | JP Morgan | Buy Maintains $27 → $28 | Buy | Maintains | $27 → $28 | -1.48% | Aug 21, 2023 |
Morgan Stanley | Morgan Stanley | Buy Initiates $28 | Buy | Initiates | $28 | -3.24% | Aug 16, 2023 |
Guggenheim | Guggenheim | Strong Buy Maintains $30 → $32 | Strong Buy | Maintains | $30 → $32 | +12.60% | Aug 14, 2023 |
Financial Forecast
Revenue This Year
10.19B
from 9.88B
Increased by 3.15%
Revenue Next Year
10.54B
from 10.19B
Increased by 3.45%
EPS This Year
0.70
from 0.26
Increased by 167.85%
EPS Next Year
0.85
from 0.70
Increased by 22.59%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 10.6B | 11.0B | 11.7B | 11.8B | 11.8B |
Avg | 10.2B | 10.5B | 10.9B | 11.0B | 11.2B |
Low | 9.8B | 10.0B | 10.2B | 10.1B | 10.2B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 6.9% | 7.6% | 11.1% | 7.5% | 6.7% |
Avg | 3.1% | 3.5% | 3.8% | 0.9% | 1.1% |
Low | -1.2% | -2.1% | -3.7% | -7.7% | -7.4% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 0.75 | 0.99 | 1.21 | 1.30 | 1.46 |
Avg | 0.70 | 0.85 | 1.06 | 1.24 | 1.40 |
Low | 0.65 | 0.74 | 0.95 | 1.17 | 1.32 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 186.7% | 41.7% | 41.4% | 22.5% | 17.8% |
Avg | 167.8% | 22.6% | 24.5% | 16.6% | 12.8% |
Low | 149.1% | 6.7% | 11.3% | 9.8% | 6.8% |
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.