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Investing.com - Bernstein SocGen Group has raised its price target on Liberty Formula One (NASDAQ:FWONK) to $110.00 from $105.00 while maintaining a Market Perform rating on the stock. The company, currently valued at $25.58 billion, has seen its shares surge 27.15% over the past year, trading near its 52-week high of $106.26. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The firm adjusted its North American media rights estimates to the high-end of its projected range, contributing to the increased price target for the Formula One parent company.
Bernstein SocGen also updated the cadence of team payments for the current year and adjusted 2026 estimated team payments to approximately 61.5% of Formula One’s OIBDA (Operating Income Before Depreciation and Amortization).
The research note incorporated additional leverage in 2027 and beyond as a likely feature of the new Concorde Agreement with Formula One teams, which governs the relationship between teams, the FIA, and Formula One.
Bernstein SocGen also factored Q4 MotoGP results, net of foreign exchange changes, into its 2025 EBITDA projections for Liberty Formula One.
In other recent news, Liberty Formula One has been the subject of several analyst reports and projections. CFRA initiated coverage with a Buy rating and a price target of $125, projecting earnings per share of $1.70 in 2025 and $2.15 in 2026, with revenue forecasts of $4.3 billion and $4.8 billion for those years. Goldman Sachs also reinstated coverage with a Buy rating and a $120 price target, highlighting near-term revenue growth and operating leverage. Meanwhile, Bernstein maintained a Market Perform rating and a $105 price target, emphasizing the company’s unique sports assets and growth potential in the U.S. market. Rosenblatt raised its price target to $107, maintaining a Buy rating, and noted potential growth from the anticipated Dorna/MotoGP acquisition, which could boost OIBDA by 30%. These developments indicate a generally positive outlook from analysts on Liberty Formula One’s financial prospects.
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