Formula One Group (FWONA) Q2 Revenue Misses Estimates
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Formula 1 stock target raised at Benchmark despite soft results
August 9, 2024 10:59 AM EDTBenchmark analysts raised their price target for Formula One Group (NASDAQ: FWONA) stock to $81 from $77 in a note Friday, extending the realization to 2025 and maintaining a Buy rating on the stock.
"The disciplined price target is off Benchmark's growth relative to S&P 500 discounted cash flow approach and does not assign any discrete premium to F1's sports scarcity value," explained the... More
