Bank of America Downgrades Fox (FOX), Slashes Price Target to $45

Fox Corporation (NASDAQ:FOX) is one of the Top 10 Stocks Warren Buffett Would Buy in 2026.

On February 25, 2026, Bank of America downgraded its rating on Fox Corporation (NASDAQ:FOX) from Buy to Underperform and cut the price target from $80 to $45. The firm has shifted its stance on the stock after anticipating its potential vulnerability to upcoming NFL contract renewals. The analyst has cited a strong sports and news portfolio, but alongside a potential 22% downside to fiscal 2027 EBITDA estimates, assuming the average annual value increases by 1.5 times. The company’s stock has dropped significantly since early January, and the firm expects it to remain under pressure until the financial terms of the NFL deal are finalized.

In another update, on February 24, 2026, Seaport Research upgraded Fox Corporation (NASDAQ:FOX) from Neutral to Buy and kept a price target of $64. The analyst cited strong catalysts like the FIFA World Cup and mid-term elections and called the recent pullback in the shares as overdone. Additionally, the analyst also noted that the company reduced its linear subscriber losses with direct-to-consumer services.

Formed in 2019 following the spin-off of 21st Century Fox’s assets to Disney, Fox Corporation (NASDAQ:FOX) is a news and sports-focused media giant with headquarters in New York.

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