Fox Corporation (NASDAQ:FOXA) is a prominent player in the media industry, known for its diverse portfolio that includes cable, broadcast television, and streaming services. The company operates well-known brands such as Fox News, Fox Sports, and Tubi. In a competitive landscape, Fox faces rivals like Disney and Comcast, but it continues to carve out its niche with strong content offerings.
On February 4, 2026, Michael Ng from Goldman Sachs set a price target of $80 for FOXA, suggesting a potential upside of 18.12% from its current trading price of $67.73. This optimistic outlook aligns with Fox's recent financial performance. The company reported a total revenue of $5.18 billion for the second quarter, marking a 2% increase from the previous year. This growth was driven by a 1% rise in companywide ad revenue and a notable 7% increase in cable advertising.
Fox's streaming service, Tubi, also contributed to the company's positive performance. Tubi achieved record quarterly revenue growth of 19% and reached EBITDA profitability for the second consecutive quarter. This success highlights Fox's ability to adapt to changing consumer preferences and capitalize on the growing demand for ad-supported streaming content.
Lachlan Murdoch, Fox Corp's Executive Chair and CEO, emphasized the company's robust performance in the second quarter. Fox has also been active in returning capital to shareholders, repurchasing $1.8 billion worth of stock in the fiscal year to date. Since 2019, the company has repurchased $8.4 billion in stock, representing approximately 35% of the shares outstanding.
Despite the positive financial results, FOXA's stock price has experienced some fluctuations. Currently priced at $67.73, the stock has decreased by 3.61% or $2.54. Today, it traded between a low of $67.02 and a high of $72.20. Over the past year, FOXA has seen a high of $76.39 and a low of $46.42. The company's market capitalization is approximately $30.58 billion, with a trading volume of 6.17 million shares.
