Do Wall Street Analysts Like Fox Corporation Stock?

New York-based Fox Corporation (FOXA) operates as a news, sports, and entertainment company. Valued at $27.7 billion by market cap, the company produces and licenses news, sports, and entertainment content for distribution through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors. It also manages broadcast studios, theaters, editing bays, sound stages, and other production facilities.

Shares of this media giant have underperformed the broader market over the past year. FOXA has declined 1.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 10.8%. In 2026, FOXA stock is down 10.1%, compared to the SPX’s 10.9% rise on a YTD basis. 

Narrowing the focus, FOXA’s underperformance looks more pronounced compared to Invesco Dynamic Leisure and Entertainment ETF (PEJ). The exchange-traded fund has gained about 14.1% over the past year. Moreover, the ETF’s 9.2% returns on a YTD basis outshine the stock’s low double-digit losses over the same time frame.

FOXA’s underperformance was heavily weighed down by industry-wide pressures in traditional television, compounded by secular declines in cable viewership and viewer fatigue affecting legacy cable news ratings comparisons. While its digital and streaming assets delivered growth, the persistent contraction in traditional TV viewership and advertising headwinds across its linear networks created a drag that limited overall momentum.

On Nov. 2, FOXA reported its Q1 results, and its shares surged 6.9% in the following trading session. Its adjusted EPS of $2.54 exceeded Wall Street expectations of $1.99. The company’s revenue was $4.6 billion, beating Wall Street forecasts of $4.2 billion.

For the current fiscal year, ending in June 2027, analysts expect FOXA’s EPS to grow 12.4% to $6.09 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.

Among the 20 analysts covering FOXA stock, the consensus is a “Moderate Buy.” That’s based on 13 “Strong Buy” ratings, one “Moderate Buy,” and six “Holds.”

This configuration is more bullish than a month ago, with 10 analysts suggesting a “Strong Buy,” and one recommending a “Moderate Sell.”

On Nov. 9, Seaport Research upgraded FOXA to a “Buy” rating with a $76 price target, implying a potential upside of 15.7% from current levels.

The mean price target of $80.05 represents a 21.8% premium to FOXA’s current price levels. The Street-high price target of $125 suggests an ambitious upside potential of 90.2%. 

On the date of publication, Neha Panjwani did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.