Guggenheim raised the firm's PT on Formula One Group (FWONA), Kept a Buy Rating

Formula One Group (NASDAQ:FWONA) is one of the Best All-Time High Stocks to Buy According to Analysts. On July 22, Guggenheim raised the firm’s price target on Formula One Group (NASDAQ:FWONA) from $104 to $122, while keeping a Buy rating on the stock.

The firm noted that it updated the model on Formula One Group (NASDAQ:FWONA) to include the company’s acquisition of MotoGP. The company completed the acquisition of MotoGP on July 3. The firm noted that it sees continued momentum for the company heading into the second half of 2025.

Moreover, Formula One Group (NASDAQ:FWONA) announced some strategic advancements during its fiscal first quarter of 2025. The company renewed agreements for key Formula 1 events, including the Mexico Grand Prix through 2028 and the Miami Grand Prix through 2041. In addition, the company also secured new sponsorship partnerships with Barilla Pasta and PwC.

Formula One Group (NASDAQ:FWONA) is part of the Liberty Media Corporation. The group includes global motorsport assets like Formula 1 and MotoGP, while the Liberty Live Group holds interests in live entertainment, including Live Nation and ticketing services.

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Disclosure: None. This article is originally published at Insider Monkey.