Analysts Have Maintained Buy Ratings On Formula One Group (FWONA)

Formula One Group (NASDAQ:FWONA) is among the best holding company stocks to buy according to analysts. As of December 12, Formula One Group (NASDAQ:FWONA) has a rating of ‘Buy’ or equivalent from 78% of the analysts covering the stock. With a median price target of $110, the stock has an upside potential of 27.30% from the current price.

On December 2, David Karnovsky, an analyst at JPMorgan, lifted the price target on Formula One Group (NASDAQ:FWONA) to $122 from $120, while keeping an ‘Overweight’ rating on the stock. The firm is “incrementally positive” on the company’s post-2026 growth trajectory after the investor day. JPMorgan believes the “F1 ecosystem appears to be very healthy.”

Earlier on November 25, Benchmark reaffirmed its ‘Buy’ rating for Formula One Group (NASDAQ:FWONA) and $110.00 price target for 2026. This followed the Las Vegas Grand Prix race, Investor Day, and Formula 1 Business Summit. The firm pointed to the comments from Liberty Media CEO Derek Chang, who highlighted that Apple is poised to be “quite active” in bidding for global Formula 1 rights.

Benchmark is quite positive on the upcoming F1 movie, which it calls “the biggest sports movie ever,” and is “inevitably positioned to transition to a major franchise.” Rising F1 sponsorship activity, mainly involving CAA and global partners, will impact Formula One Group (NASDAQ:FWONA) positively.

Formula One Group (NASDAQ:FWONA) is a Colorado-based company specializing in the motorsports business in the United States and the United Kingdom. Incorporated in 1950, the company has commercial rights for the FIA Formula One World Championship.

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