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News Corp (NWSA) Receives a Buy from J.P. Morgan

Tipranks - Tipranks - Sun Feb 15, 6:10AM CST

In a report released yesterday, David Karnovsky from J.P. Morgan maintained a Buy rating on News Corp, with a price target of $36.00.

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Karnovsky covers the Communication Services sector, focusing on stocks such as Sphere Entertainment, Walt Disney, and TKO Group Holdings. According to TipRanks, Karnovsky has an average return of 13.7% and a 65.25% success rate on recommended stocks.

In addition to J.P. Morgan, News Corp also received a Buy from TipRanks – PerPlexity’s PerPlexity Entertainment in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on News Corp (NASDAQ: NWSA).

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Based on News Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.59 billion and a net profit of $121 million. In comparison, last year the company earned a revenue of $2.24 billion and had a net profit of $215 million

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