B of A Securities Upgrades Fox to Buy from Underperform
Fintel reports that on October 16, 2026, B of A Securities upgraded their outlook for Fox (NASDAQGS:FOX) (BIT:1FOX) from Underperform to Buy.
This rating action follows a prior action by B of A Securities on February 25, 2026, when the firm downgraded the company from Buy to Underperform. In other recent analyst activity, Guggenheim reiterated its Buy rating on Fox on September 23, 2026.
On October 15, 2026, the day before the upgrade, the stock's pre-action close was $57.14. This latest close of $57.14 on October 15, 2026, compares to a one-week baseline close of $56.97 on October 8, 2026, representing a price change of +0.30%. Over a longer timeframe, the stock experienced a one-month price change of -5.30% relative to its baseline close of $60.34 on September 15, 2026.
As of October 2, 2026, the current consensus target mean for Fox stands at $69.17, with a median target of $68.00. This current mean target represents an implied change of +21.05% from the stock's price. The prior consensus target mean was $67.22 as of September 16, 2026, reflecting a consensus target revision of +2.89%.
In the current recommendation period of September 1, 2026, the aggregate analyst sentiment shows a total of 27 recommendations. These consist of 5 strong buy, 11 buy, 10 hold, 1 sell, and 0 strong sell ratings, translating to 59.3% positive, 37.0% hold, and 3.7% negative recommendations. This represents a shift from the prior recommendation period of August 1, 2026, which also had 27 total recommendations but consisted of 5 strong buy, 10 buy, 11 hold, 1 sell, and 0 strong sell ratings, representing 55.6% positive, 40.7% hold, and 3.7% negative recommendations.
Fox Corporation, headquartered in the United States, operates primarily in the media and entertainment industry. The company focuses on television broadcasting and cable network programming, leveraging its assets to deliver content across multiple platforms. Fox Corporation owns and operates the Fox News Channel, Fox Business Network, Fox Broadcasting Company, and various other television stations and multi-channel video programming networks.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 16, 2026 | B of A Securities | Underperform | Buy | upgrade |
| September 23, 2026 | Guggenheim | Buy | Buy | reiterated |
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This story originally appeared on Fintel.