B of A Securities Raises Fox (FOXA) Price Target to $85

B of A Securities upgraded Fox Corporation (NasdaqGS: FOXA) to a Buy rating on October 16, 2026, raising its price target from $54 to $85. This change reflects a more optimistic view of the company's potential.

The new target represents a significant increase, moving up by $31. The stock recently traded around $64.01, which is about 24.7% below the new target price, indicating potential upside according to the analysts.

Other Institutional Activity in Fox Corporation

Jericho Capital Asset Management, LP grew its holdings by 7,649,575 shares, ending with 14,334,514 shares worth approximately $919.6 million. Meanwhile, Blackrock Inc. trimmed its position by 348,211 shares, leaving it with 19,549,573 shares valued at about $1.25 billion. State Street Corporation also reduced its stake by 2,204,932 shares, bringing its total to 17,464,395 shares worth roughly $1.12 billion. Goldman Sachs Group Inc. decreased its holdings by 603,876 shares, ending with 12,639,026 shares valued at about $810.8 million. Vanguard Capital Management LLC pared its position by 108,475 shares, now holding 12,359,875 shares worth around $792.9 million.

Fox Corporation Stock Down 0.7%

Fox Corporation's shares are currently trading at $64.01, which is below the new analyst target of $85. This suggests that the stock may have room to grow, especially considering its recent performance and the favorable rating from B of A Securities. The stock's price has been relatively stable, reflecting its position in the communication services sector.

Recent Earnings

For the trailing twelve months, Fox Corporation reported revenue of approximately $17.13 billion and earnings per share (EPS) of $3.84. The company has shown a revenue growth rate of 28.1% year-over-year and a net margin of 9.8%. The next earnings report is scheduled for October 29, 2026.

Dividend

Fox Corporation pays an annual dividend of $0.58 per share, which translates to a dividend yield of about 0.9%. The dividend payout ratio stands at 14.6%, indicating a sustainable dividend policy.

Insider Buying and Selling at Fox Corporation

Several insiders have made notable transactions. Lachlan K. Murdoch, the CEO, bought 149,934 shares at an average price of $68.53 on September 15, 2026, totaling around $10.27 million. Other insiders, including Adam Grey Ciongoli and John Nallen, sold shares earlier in December and March, respectively, but those transactions do not imply bearish sentiment.

Analysts Set New Price Targets

On October 16, 2026, B of A Securities raised its price target for Fox Corporation to $85 from $54, maintaining a Buy rating. Earlier, Wells Fargo upgraded its rating to Overweight with a price target of $80, and Guggenheim reiterated its Buy rating with a target of $85. The consensus among analysts is positive, reflecting confidence in the company's growth trajectory.

About Fox Corporation

Fox Corporation operates in the communication services sector, focusing on news, sports, and entertainment in the United States. It has two main segments: Cable Network Programming and Television. The company produces and licenses content for various platforms, making it a significant player in the media landscape.

Bottom Line

Investors will be watching Fox Corporation closely as it prepares for its next earnings announcement on October 29, 2026. With a new Buy rating and an increased price target from B of A Securities, the market sentiment appears favorable for the company, suggesting potential growth ahead.