Formula One stock upgraded to 'Buy' from 'Neutral' with $96 price target, analysts bullish

From Stocktwits: 2025-03-17 01:40:20

Seaport Research upgraded Formula One Group (FWONK) stock to ‘Buy’ from ‘Neutral’ with a $96 price target, citing potential upside of about 12%. Analysts at the firm believe the stock has become oversold due to concerns about tariffs and consumer spending slowdowns. Formula One is seen as insulated from recessionary effects, with a growing demand for live experiences and sponsorship growth. JPMorgan analysts also raised their price target for the stock and maintained an ‘Overweight’ rating, predicting revenue growth and margin improvement. Retail sentiment toward Formula One stock remains ‘extremely bullish’ on Stocktwits.



Read more at Stocktwits: Formula One Analyst Says Investor Fears Over Recession Impact Unfounded, Upgrades Stock: Retail’s Bullish