Fintel reports that on February 27, 2026, Wells Fargo upgraded their outlook for Formula One Group (NasdaqGS:FWONK) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 50.64% Upside
As of February 25, 2026, the average one-year price target for Formula One Group is $130.36/share. The forecasts range from a low of $111.38 to a high of $156.31. The average price target represents an increase of 50.64% from its latest reported closing price of $86.54 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Formula One Group is 3,370MM, a decrease of 16.58%. The projected annual non-GAAP EPS is 1.47.
What is the Fund Sentiment?
There are 897 funds or institutions reporting positions in Formula One Group. This is an decrease of 147 owner(s) or 14.08% in the last quarter. Average portfolio weight of all funds dedicated to FWONK is 0.49%, an increase of 7.28%. Total shares owned by institutions decreased in the last three months by 4.27% to 254,139K shares. 
The put/call ratio of FWONK is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
Principal Financial Group holds 12,696K shares representing 5.68% ownership of the company. In its prior filing, the firm reported owning 12,566K shares , representing an increase of 1.02%. The firm decreased its portfolio allocation in FWONK by 50.55% over the last quarter.
Janus Henderson Group holds 10,581K shares representing 4.73% ownership of the company. In its prior filing, the firm reported owning 10,739K shares , representing a decrease of 1.49%. The firm decreased its portfolio allocation in FWONK by 13.66% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,710K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 6,589K shares , representing an increase of 1.81%. The firm increased its portfolio allocation in FWONK by 5.49% over the last quarter.
T. Rowe Price Investment Management holds 5,609K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 8,586K shares , representing a decrease of 53.07%. The firm increased its portfolio allocation in FWONK by 6.78% over the last quarter.
Ruane, Cunniff & Goldfarb holds 5,491K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 5,569K shares , representing a decrease of 1.42%. The firm decreased its portfolio allocation in FWONK by 12.33% over the last quarter.
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