Benchmark Reiterates Buy Rating on Liberty Media Corp-Liberty Formula One (FWONA)

Benchmark analyst Matthew Harrigan reiterated a Buy rating and $110.00 price target on Liberty Media Corp-Liberty Formula One (NASDAQ: FWONA).

The analyst commented, "We maintain a BUY on Formula One Group and $110 2026 price target in the wake of yesterday’s Investor Day and F1 Business Summit as well as this weekend’s Las Vegas Grand Prix – albeit subject to possible weather annoyances. The December 15th Liberty Live split-off will transform Formula One Group to an asset backed security, almost certainly the premiere sports related public stock now accessible to a broader investor base as it graduates from a tracking stock. F1 itself, although still showing a strong global growth profile, has now significantly realized Liberty’s initial vision. This is as marketing symbiosis between F1 and MotoGP remains compelling as the motorcycle sport benefits from its larger F1 peer's established growth and marketing playbook. Excitement next year includes Cadillac, Audia and Ford joining the F1 grid as well as implementation of new engine rules that should foster even more competition as well as favourable economics. The signing of the new Concorde agreement governing the sport should be imminent and will run for the next five years. Sponsorship momentum is exemplified by the very high visibility of American Express, Disney and Lego at the LVGP. F1 Grand Prixes are especially well positioned as sports entertainment with an inherent celebrity culture edge even relative to the major U.S. team sports. F1 is also having a particularly competitive season for the Drivers’ Championship in its 75th anniversary year."

For an analyst ratings summary and ratings history on Liberty Media Corp-Liberty Formula One click here. For more ratings news on Liberty Media Corp-Liberty Formula One click here.

Shares of Liberty Media Corp-Liberty Formula One closed at $85.90 yesterday.

You May Also Be Interested In

• Bumble Inc. (BMBL) PT Lowered to $3.20 at Citi
• DeFi Technologies posts $7.8M revenue and $2.3M loss in Q2 2026
• Redwood AI acquires Quantum.IQ in an all-share deal