In a report released today, Alan Gould from Loop Capital Markets reiterated a Buy rating on News Corp (NWSA – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $20.31.
Gould covers the Technology sector, focusing on stocks such as Netflix, Snap, and Roku. According to TipRanks, Gould has an average return of 4.7% and a 56.22% success rate on recommended stocks.
News Corp has an analyst consensus of Moderate Buy, with a price target consensus of $26.00, representing a 28.02% upside. In a report released on July 27, J.P. Morgan also maintained a Buy rating on the stock with a $27.00 price target.
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NWSA market cap is currently $11.72B and has a P/E ratio of 44.36.
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News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing. The Book Publishing segment consists of HarperCollins which publishes and supply consumer books through print, digital, and audio formats. The Digital Real Estate Services segment offers property and property-related advertising and services as well as financial services. The Subscription Video Services segment provides video sports, entertainment, and news services to pay-TV subscribers, and other commercial licensees via cable, satellite and Internet Protocol, and distribution. The Other segment refers to general corporate overhead expenses, corporate strategy group, and costs related to the U.K. Newspaper Matters. The company was founded in 1979 and is headquartered in New York, NY.
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