According to Securities Times Online, Goldman Sachs has raised its target stock price for Fox from $51 to $57 and maintained a buy rating.
Multiple institutions are optimistic about Fox, with UBS stating in a report that a record breaking political cycle and strong demand for sports events will drive Fox's Q2 performance growth. Citigroup has raised its target stock price for Fox to $58, while Guggenheim has raised it to $55. Fox's main businesses include cable network programs (news and sports), television broadcasting, consumer finance markets, and film and television production.
Recently, Fox signed a multi-year content streaming partnership agreement with Hulu. But executives have recently sold stocks worth tens of millions of dollars.