News Corporation (NWSA)
NASDAQ: NWSA · IEX Real-Time Price · USD
27.19
+0.27 (1.00%)
At close: May 31, 2024, 4:00 PM
27.54
+0.35 (1.29%)
After-hours: May 31, 2024, 7:41 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 8.50% from the current stock price of 27.19.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 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 | +6.66% | Nov 16, 2023 |
| JP Morgan | JP Morgan | Buy Maintains $27 → $28 | Buy | Maintains | $27 → $28 | +2.98% | Aug 21, 2023 |
| Morgan Stanley | Morgan Stanley | Buy Initiates $28 | Buy | Initiates | $28 | +1.14% | Aug 16, 2023 |
| Guggenheim | Guggenheim | Strong Buy Maintains $30 → $32 | Strong Buy | Maintains | $30 → $32 | +17.69% | Aug 14, 2023 |
Financial Forecast
Revenue This Year
10.19B
from 9.88B
Increased by 3.16%
Revenue Next Year
10.55B
from 10.19B
Increased by 3.56%
EPS This Year
0.70
from 0.26
Increased by 169.81%
EPS Next Year
0.88
from 0.70
Increased by 24.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.6B | 11.0B | 11.7B | 11.8B | 12.2B |
| Avg | 10.2B | 10.6B | 11.0B | 11.2B | 11.4B |
| Low | 9.8B | 10.0B | 10.2B | 10.2B | 10.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.9% | 7.6% | 11.0% | 7.7% | 8.9% |
| Avg | 3.2% | 3.6% | 3.9% | 2.0% | 1.6% |
| Low | -1.2% | -2.1% | -3.8% | -6.8% | -7.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.75 | 0.99 | 1.21 | 1.42 | 1.65 |
| Avg | 0.70 | 0.88 | 1.10 | 1.35 | 1.50 |
| Low | 0.65 | 0.74 | 0.95 | 1.27 | 1.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 186.7% | 40.7% | 37.7% | 28.8% | 22.0% |
| Avg | 169.8% | 25.0% | 25.6% | 22.8% | 10.9% |
| Low | 149.1% | 5.9% | 8.4% | 15.7% | -0.7% |
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.