Fox Corporation, listed on the NASDAQ as FOXA, is a prominent player in the media industry, known for its diverse portfolio that includes news, sports, and entertainment. The company competes with other media giants like Disney and Comcast. On October 30, 2025, Goldman Sachs reaffirmed its "Buy" rating for NASDAQ:FOXA, with the stock priced at $65.51. They also raised the price target from $74 to $79, indicating confidence in the company's future performance.
Fox Corp's recent financial performance supports Goldman Sachs' positive outlook. The company achieved a record-breaking first quarter in advertising revenue, reaching $1.4 billion, a 6% increase from the previous year. This growth in advertising revenue contributed to total quarterly revenues of $3.74 billion. Despite the absence of political ads, which typically boost revenue during election years, Fox Corp's financial results remain strong.
CEO Lachlan Murdoch attributes this success to robust performance across various segments, including news, sports, entertainment, and Tubi. The increased engagement across their portfolio distinguishes Fox from its competitors, highlighting the strength and leading positions of their brands within the media ecosystem. This strategic positioning has likely contributed to the stock's recent performance.
FOXA's stock price reflects this positive momentum, currently priced at $65.51, marking a 7.73% increase or $4.70. The stock has fluctuated between a low of $62 and a high of $66.56 today, with the latter being its highest price over the past year. The lowest price FOXA has reached in the past year is $41.78, showcasing significant growth.
With a market capitalization of approximately $29.19 billion, Fox Corp remains a formidable force in the media industry. Today's trading volume for FOXA is 6.26 million shares, indicating strong investor interest. As highlighted by the recent developments, Fox Corp's strategic initiatives and strong financial performance continue to drive its stock's upward trajectory.
