Formula One Group

FWONK · NASDAQ

$92.48+$2.55 (+2.84%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $89.93

FWONK analyst rating

BuyConsensus of 9 analysts over the last 12 months. 78% rate it a buy.

Strong buy0
Buy7
Hold2
Underperform0
Sell0

12-month price target · 13 analysts

Average $130.18 (+40.8% upside)

Low: $110.17
Now: $92.48
High: $153.48

Upgrades and downgrades

The latest rating actions, newest first

FWONK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 16, 2026	Maintains	Positive	$114.00 → $110.00	50%
Wells Fargo	Sep 29, 2026	Maintains	Equal-Weight	$105.00 → $96.00	60%
Jefferies	Sep 9, 2026	Initiates	Buy	$115.00	50%
Guggenheim	Aug 17, 2026	Maintains	Buy	$125.00 → $134.00	45%
UBS	Aug 7, 2026	Maintains	Neutral	$104.00 → $110.00	44%
JP Morgan	Aug 7, 2026	Maintains	Overweight	$124.00 → $125.00	69%
Wells Fargo	Aug 7, 2026	Maintains	Equal-Weight	$97.00 → $105.00	60%
Guggenheim	Jul 29, 2026	Maintains	Buy	$124.00 → $125.00	45%
Bernstein	Jul 28, 2026	Maintains	Outperform	$115.00 → $119.00	7%
JP Morgan	Jul 21, 2026	Maintains	Overweight	$111.00 → $124.00	69%

The case for and against

Updated Jan 12, 2026

Bull case

Liberty Media Corp is experiencing significant growth in its media and entertainment assets, as indicated by a 10% year-over-year increase in TV ratings and a remarkable 20% rise in average viewership to date. The company's robust performance in the U.S. market, with 11 out of 12 races reporting year-over-year viewership growth and 7 of those races achieving record numbers, underscores its strong competitive position. These stable rating trends, alongside a solid base of historical growth, contribute to a positive outlook for Liberty Media's financial future.

Bear case

Liberty Media's negative outlook stems from operational risks associated with the popularity of Formula One, including potential contract disputes and the ramifications of the termination of the 100-Year Agreement, which could severely disrupt operations. Additionally, there is increased execution risk in MotoGP, leading to a downward adjustment in the earnings multiple from 25.5x to 24.5x, indicating market concerns regarding profitability and growth potential. Furthermore, external factors like pandemics and geopolitical events pose significant threats to the company's ability to maintain stable cash flows and expand into new markets.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.