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Investing.com - TD Cowen raised its price target on Liberty Media Corp-Liberty Formula One (NASDAQ:FWONA) to $105.00 from $104.00 while maintaining a Buy rating following the company’s second-quarter 2025 results. According to InvestingPro data, FWONA has delivered impressive 28.29% returns over the past year, with analysts maintaining a Strong Buy consensus and targets ranging from $99 to $110.
The firm noted that Formula 1 delivered strong performance with revenue and Operating Income Before Depreciation and Amortization (OIBDA) exceeding expectations despite a heavier event mix during the quarter. The company’s solid financial position is reflected in its healthy current ratio of 2.54 and moderate debt levels, as highlighted in InvestingPro’s comprehensive analysis, which includes 10+ additional key insights available to subscribers.
TD Cowen highlighted early strength in Las Vegas Grand Prix ticket sales and long-term contract extensions across race promotion and media rights as positive factors supporting the business.
The research firm acknowledged that a one-time benefit from an F1 movie may create challenging comparisons for next year, but emphasized that underlying growth trends for the business remain strong.
The new $105 price target for FWONA (and $116 for FWONK) reflects TD Cowen’s sum-of-the-parts valuation methodology for the Formula One business.
In other recent news, Liberty Media Corporation reported its financial results for the second quarter of 2025, showcasing a significant revenue increase for its Formula One Group. The company also announced the completion of its MotoGP acquisition, a strategic move aimed at expanding its sports portfolio. Despite these developments, Liberty Media’s stock saw a decline, though the earnings call focused on strategic initiatives and future growth potential in both MotoGP and Formula One. Additionally, Bernstein SocGen Group reiterated its Market Perform rating on Liberty Media, maintaining a price target of $110.00. The research firm recognized the solid quarterly results but expressed concerns about cost control and the financials related to MotoGP. These recent developments highlight Liberty Media’s ongoing efforts to expand and grow its operations. The company’s strategic moves and analyst evaluations provide investors with crucial insights into its future trajectory.
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