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Citi Remains a Buy on Fox (FOXA)

Tipranks - Tipranks - Tue Mar 17, 5:58AM CDT

In a report released on March 13, Jason Bazinet from Citi maintained a Buy rating on Fox, with a price target of $78.00. The company’s shares closed last Friday at $57.39.

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According to TipRanks, Bazinet is a 5-star analyst with an average return of 14.7% and a 58.06% success rate. Bazinet covers the Communication Services sector, focusing on stocks such as AppLovin, Spotify, and Electronic Arts.

In addition to Citi, Fox also received a Buy from TipRanks – PerPlexity’s PerPlexity Entertainment in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Fox (NASDAQ: FOXA).

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Based on Fox’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.18 billion and a net profit of $229 million. In comparison, last year the company earned a revenue of $5.08 billion and had a net profit of $373 million

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