Guggenheim Sticks to Its Buy Rating for News Corp (NWSA)
In a report released yesterday, Curry Baker from Guggenheim maintained a Buy rating on News Corp, with a price target of $43.00. The company’s shares closed yesterday at $26.82.
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According to TipRanks, Baker is a 4-star analyst with an average return of 10.9% and a 56.97% success rate. Baker covers the Communication Services sector, focusing on stocks such as Gray Television, Sphere Entertainment, and News Corp.
News Corp has an analyst consensus of Strong Buy, with a price target consensus of $40.60.
Based on News Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.14 billion and a net profit of $112 million. In comparison, last year the company earned a revenue of $2.58 billion and had a net profit of $119 million
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