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 18.90% from the current stock price of 24.81.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$27.5	$29.5	$29	$32
Change	+10.84%	+18.90%	+16.89%	+28.98%

* 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	2	2	1	1	1
Buy	2	2	2	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
Darren Leung Macquarie	Macquarie	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Feb 8, 2024
Alexia Quadrani JP Morgan	JP Morgan	Buy Maintains $28 → $29	Buy	Maintains	$28 → $29	+16.89%	Nov 16, 2023
Alexia Quadrani JP Morgan	JP Morgan	Buy Maintains $27 → $28	Buy	Maintains	$27 → $28	+12.86%	Aug 21, 2023
Andrew McLeod Morgan Stanley	Morgan Stanley	Buy Initiates $28	Buy	Initiates	$28	+10.84%	Aug 16, 2023
Curry Baker Guggenheim	Guggenheim	Strong Buy Maintains $30 → $32	Strong Buy	Maintains	$30 → $32	+28.98%	Aug 14, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

10.29B

from 9.88B

4.13%

from 9.88B

Revenue Next Year

10.68B

from 10.29B

3.79%

from 10.29B

EPS This Year

0.75

from 0.26

189.62%

from 0.26

EPS Next Year

0.91

from 0.75

21.12%

from 0.75

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	10.07B	9.01B	9.36B	10.39B	9.88B	10.29B	10.68B	11.01B	11.06B	11.12B
Revenue Growth	11.64%	-10.58%	3.89%	10.97%	-4.87%	4.13%	3.79%	3.08%	0.49%	0.57%
EPS	0.26	-2.16	0.56	1.05	0.26	0.75	0.91	1.10	1.33	1.42
EPS Growth	-	-	-	87.50%	-75.24%	189.62%	21.12%	20.38%	20.77%	6.92%
No. Analysts	-	-	-	-	-	10	10	9	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	10.6B	11.2B	11.8B	11.7B	11.8B
Avg	10.3B	10.7B	11.0B	11.1B	11.1B
Low	9.8B	10.1B	10.2B	10.2B	10.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.7%	8.7%	10.6%	6.0%	6.9%
Avg	4.1%	3.8%	3.1%	0.5%	0.6%
Low	-0.4%	-2.1%	-4.3%	-7.1%	-6.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.85	1.07	1.28	1.37	1.46
Avg	0.75	0.91	1.10	1.33	1.42
Low	0.70	0.72	0.82	1.27	1.36

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	227.1%	42.2%	40.4%	24.3%	10.1%
Avg	189.6%	21.1%	20.4%	20.8%	6.9%
Low	167.6%	-5.0%	-9.7%	16.0%	2.7%

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.