# Formula One Group  Share Price Target ‘$86.14’, now 16.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/formula-one-group-share-price-target-86.14-now-16.8-upside-potential/4121168224
- Published: 2024-08-13T13:19:44+01:00
- Author: Charlotte Edwards

**Formula One Group** with ticker code (FWONK) now have 7 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The range between the high
target price and low target price is between $115.00 and $54.00 with the average
share target price sitting at $86.14. (at the time of writing). Given that the stocks
previous close was at $73.75 this would imply there is now a potential upside of
16.8%. The 50 day MA is $75.12 and the 200 day moving average is $69.02. The market
cap for the company is 17.62B. Currently the stock stands at: $75.39 USD

 The potential market cap would be $20,581,658,329 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 70.46, revenue per share of $15.69
and a 2.3% return on assets.

Liberty Media Corporation operates and owns interests in a range of media, communications
and entertainment businesses. The Company’s businesses are attributed to three tracking
stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group.
The Company operates through two segments. Sirius XM Holdings segment operates two
complementary audio entertainment businesses, Sirius XM and Pandora and Off-platform.
Sirius XM features music, sports, entertainment, comedy, talk, news, traffic and
weather channels and other content, as well as podcasts and infotainment services,
in the U.S. on a subscription fee basis. The Pandora and Off-platform business operates
a music, comedy and podcast streaming platform. Formula 1 segment is a global motorsports
business that holds commercial rights with respect to the World Championship, an
annual, approximately nine-month long, motor race-based competition.

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