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Goldman Sachs Sticks to Its Buy Rating for Liberty Media Liberty Formula One (FWONK)

Tipranks - Tipranks - Sat Apr 11, 7:06AM CDT

In a report released today, from Goldman Sachs maintained a Buy rating on Liberty Media Liberty Formula One, with a price target of $114.00.

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In addition to Goldman Sachs, Liberty Media Liberty Formula One also received a Buy from Bank of America Securities’s Brent Navon CFA in a report issued on April 1. However, on April 7, Wells Fargo maintained a Hold rating on Liberty Media Liberty Formula One (NASDAQ: FWONK).

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Based on Liberty Media Liberty Formula One’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.62 billion and a net profit of $102 million. In comparison, last year the company earned a revenue of $1.17 billion and had a GAAP net loss of $248 million

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