Research Alert: CFRA Reiterates Buy Opinion On Shares Of News Corp
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CFRA has reiterated its Buy opinion on News Corp shares, raising the 12-month target price by $2 to $31. The FY 26 EPS estimate is increased to $1.03, and FY 27's to $1.19. Positive results from Dow Jones show revenue growth in Risk & Compliance (+19% Y/Y) and Energy (+12% Y/Y), with Wall Street Journal subscriptions reaching 4.7M (+8% Y/Y). Digital Real Estate Services also saw an 8% revenue increase. Shares are trading at a discount compared to the five-year average, indicating potential for re-rating as operational momentum continues.
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