News Corporation (NWSA) Stock: $30 Target And Buy Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of News Corporation (NWSA) recently received a $30 price target from Guggenheim. These are the details.

The shares of News Corporation (NWSA) recently received a $30 price target from Guggenheim. And Guggenheim analyst Curry Baker is maintaining a “Buy” rating on the shares.

Baker adjusted the rating while noting he updated the model with a more conservative advertising outlook at News Media ahead of the company’s fiscal fourth-quarter earnings report. 

Going into FY23, Baker modeled ongoing strength at Dow Jones while taking an incrementally more conservative outlook on News Media advertising and margins in the Book Publishing segment.