Formula One Group (FWONA) Q2 Revenue Misses Estimates

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Go back to Formula One Group (FWONA) Q2 Revenue Misses Estimates

Formula 1 stock target raised at Benchmark despite soft results

August 9, 2024 10:59 AM EDT

Benchmark analysts raised their price target for Formula One Group (NASDAQ: FWONA) stock to $81 from $77 in a note Friday, extending the realization to 2025 and maintaining a Buy rating on the stock.

"The disciplined price target is off Benchmark's growth relative to S&P 500 discounted cash flow approach and does not assign any discrete premium to F1's sports scarcity value," explained the... More