News Corporation (NWS)
NASDAQ: NWS · IEX Real-Time Price · USD
28.37
-0.27 (-0.94%)
At close: Jul 12, 2024, 4:00 PM
28.09
-0.28 (-0.99%)
After-hours: Jul 12, 2024, 5:49 PM EDT

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 3.98% from the current stock price of 28.37.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $27.5 $29.5 $29 $32
Change -3.07% +3.98% +2.22% +12.80%
* 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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 111111
Buy 333333
Hold 000000
Sell 000000
Strong Sell 000000
Total 444444

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Macquarie
Macquarie
Buy
Upgrades
n/a
Buy Upgrades n/a n/a Feb 8, 2024
JP Morgan
JP Morgan
Buy
Maintains
$28$29
Buy Maintains $28$29 +2.22% Nov 16, 2023
JP Morgan
JP Morgan
Buy
Maintains
$27$28
Buy Maintains $27$28 -1.30% Aug 21, 2023
Morgan Stanley
Morgan Stanley
Buy
Initiates
$28
Buy Initiates $28 -3.07% Aug 16, 2023
Guggenheim
Guggenheim
Strong Buy
Maintains
$30$32
Strong Buy Maintains $30$32 +12.80% Aug 14, 2023
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
10.07B9.01B9.36B10.39B9.88B10.19B10.54B10.94B11.04B11.15B
Revenue Growth
11.64%-10.58%3.89%10.97%-4.87%3.15%3.45%3.79%0.87%1.06%
EPS
0.26-2.160.561.050.260.700.851.061.241.40
EPS Growth
---87.50%-75.24%167.85%22.59%24.46%16.63%12.76%
Forward PE
-----40.7433.2326.7022.8920.30
No. Analysts -----10101044
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.