TD Cowen Remains a Buy on Liberty Media Liberty Formula One (FWONK)

In a report released today, Lance Vitanza from TD Cowen maintained a Buy rating on Liberty Media Liberty Formula One, with a price target of $117.00. The company’s shares closed yesterday at $102.02.

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According to TipRanks, Vitanza is a 5-star analyst with an average return of 25.3% and a 54.21% success rate. Vitanza covers the Communication Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Clear Channel Outdoor, and TKO Group Holdings.

Currently, the analyst consensus on Liberty Media Liberty Formula One is a Moderate Buy with an average price target of $113.93, representing an 11.67% upside. In a report released on September 11, Goldman Sachs also maintained a Buy rating on the stock with a $120.00 price target.

The company has a one-year high of $106.26 and a one-year low of $74.34. Currently, Liberty Media Liberty Formula One has an average volume of 1.01M.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWONK in relation to earlier this year. Earlier this month, Brian J Wendling, the CAO of FWONK sold 9,451.00 shares for a total of $954,964.20.