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UBS has initiated coverage on Liberty Formula One (NASDAQ: FWONK) with a Neutral rating and a target price of €85.00, citing a slowdown in future growth despite recent revenue increases. The bank projects primary revenues and OIBDA to grow at 8% and 12% CAGR from 2024 to 2026, slightly below market expectations. Meanwhile, Rosenblatt Securities adjusted its target price for Liberty Formula One to €91, maintaining a Buy rating, despite the company’s recent earnings miss.
UBS has initiated a Neutral rating on Liberty Formula One (NASDAQ: FWONK) with a price target of $85, citing a slowdown in growth despite recent revenue increases. The firm projects primary F1 revenues and OIBDA to grow at 8% and 12% CAGR from 2024 to 2026, below market expectations. Meanwhile, Rosenblatt Securities adjusted its price target to $91 while maintaining a Buy rating, highlighting strong cash flow and sponsorship opportunities despite a recent earnings miss.
UBS analyst Ryan Gravett has initiated coverage of Liberty Formula One with a Neutral rating and a price target of $85. The firm anticipates solid growth for the company but expects a deceleration due to lower operating leverage on team payments and limited upside from race promotion and U.S. rights renewal.
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