Formula One Group (BATRK) Stock Forecast, Price Target & Predictions

BATRK Stock Forecast

Formula One Group stock forecast is as follows: an average price target of $33.50 (represents a -12.33% downside from BATRK’s last price of $38.21) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.

BATRK Price Target

The average price target for Formula One Group (BATRK) is $33.50 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $32.00. This represents a potential -12.33% downside from BATRK's last price of $38.21.

BATRK Analyst Ratings

Hold

According to 2 Wall Street analysts, Formula One Group's rating consensus is 'Hold'. The analyst rating breakdown for BATRK stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Formula One Group Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 02, 2022		Morgan Stanley	$32.00	$25.56	25.20%	-16.25%
Apr 26, 2022		Rosenblatt Securities	$35.00	$26.08	34.20%	-8.40%

The latest Formula One Group stock forecast, released on May 02, 2022 by Morgan Stanley company, set a price target of $32.00, which represents a 25.20% increase from the stock price at the time of the forecast ($25.56), and a -16.25% decrease from BATRK last price ($38.21).

Formula One Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$38.21	$38.21	$38.21
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of Formula One Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Formula One Group's last price of $38.21. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
May 02, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Apr 26, 2022	Zacks Investment Research		Hold	Downgrade

Formula One Group's last stock rating was published by Morgan Stanley on May 02, 2022. The company gave BATRK a "Equal-Weight" rating, the same as its previous rate.

Formula One Group Financial Forecast

Formula One Group Revenue Forecast

	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Sep 17	Jun 17	Dec 16	Sep 16	Jun 16
Revenue	-	-	-	-	$31.00M	$53.00M	$252.00M	$260.00M	$23.00M	$102.00M	$234.00M	$216.00M	$16.00M	$110.00M	$11.00M	$22.00M	$34.00M	$212.00M	$208.00M	$22.00M	$32.00M	$200.00M	$182.00M	$28.00M	$185.00M	$176.00M	$18.00M	$109.00M	$131.00M
Avg Forecast	$3.16B	$190.43M	$200.20M	$90.88M	$3.38B	$150.53M	$214.12M	$97.19M	$3.61B	$119.00M	$229.00M	$103.95M	$15.71M	$168.83M	$13.58M	$27.50M	$95.38M	$438.84M	$289.71M	$15.46M	$64.68M	$183.36M	$280.80M	$25.41M	$737.36M	$443.52M	$13.74M	$275.91M	$269.49M
High Forecast	$3.79B	$228.51M	$240.24M	$109.05M	$4.05B	$180.64M	$256.94M	$116.63M	$4.33B	$142.80M	$274.80M	$124.74M	$18.86M	$202.59M	$16.30M	$33.00M	$114.45M	$526.61M	$347.66M	$18.55M	$77.61M	$220.03M	$336.96M	$30.49M	$884.83M	$532.22M	$16.48M	$331.09M	$323.38M
Low Forecast	$2.52B	$152.34M	$160.16M	$72.70M	$2.70B	$120.43M	$171.29M	$77.75M	$2.89B	$95.20M	$183.20M	$83.16M	$12.57M	$135.06M	$10.87M	$22.00M	$76.30M	$351.07M	$231.77M	$12.37M	$51.74M	$146.69M	$224.64M	$20.33M	$589.89M	$354.82M	$10.99M	$220.72M	$215.59M
# Analysts	15	17	14	20	19	12	19	12	12	18	8	18	18	12	17	7	17	12	16	11	8	7	13	20	9	11	14	12	20
Surprise %	-	-	-	-	0.01%	0.35%	1.18%	2.68%	0.01%	0.86%	1.02%	2.08%	1.02%	0.65%	0.81%	0.80%	0.36%	0.48%	0.72%	1.42%	0.49%	1.09%	0.65%	1.10%	0.25%	0.40%	1.31%	0.40%	0.49%

Formula One Group's average Quarter revenue forecast for Jun 23 based on 20 analysts is $90.88M, with a low forecast of $72.70M, and a high forecast of $109.05M. BATRK's average Quarter revenue forecast represents a 193.15% increase compared to the company's last Quarter revenue of $31.00M (Mar 23).

Formula One Group EBITDA Forecast

	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Sep 17	Jun 17	Dec 16	Sep 16	Jun 16
# Analysts	15	17	14	20	19	12	19	12	12	18	8	18	18	12	17	7	17	12	16	11	8	7	13	20	9	11	14	12	20
EBITDA	-	-	-	-	$-47.00M	$-431.00M	$241.00M	$96.00M	$3.00M	$9.00M	$74.00M	$59.00M	$-49.00M	$-13.00M	$-21.00M	$60.00M	$-36.00M	$-102.00M	$206.00M	$-62.00M	$35.00M	$58.00M	$35.00M	$-36.00M	$72.00M	$21.00M	$-40.00M	$-9.00M	$38.00M
Avg Forecast	$907.87M	$16.80M	$451.23M	$24.82M	$970.99M	$13.28M	$482.60M	$26.55M	$1.04B	$10.50M	$516.15M	$28.39M	$-32.08M	$-19.95M	$-25.93M	$75.00M	$-100.99M	$-211.14M	$286.93M	$-35.78M	$70.74M	$52.74M	$54.00M	$-21.78M	$286.97M	$52.92M	$-30.53M	$-22.78M	$78.17M
High Forecast	$1.09B	$20.16M	$541.48M	$29.79M	$1.17B	$15.94M	$579.12M	$31.86M	$1.25B	$12.60M	$619.38M	$34.07M	$-25.67M	$-15.96M	$-20.74M	$90.00M	$-80.79M	$-168.91M	$344.31M	$-28.62M	$84.89M	$63.28M	$64.80M	$-17.42M	$344.37M	$63.50M	$-24.42M	$-18.23M	$93.81M
Low Forecast	$726.30M	$13.44M	$360.98M	$19.86M	$776.79M	$10.63M	$386.08M	$21.24M	$830.79M	$8.40M	$412.92M	$22.71M	$-38.50M	$-23.94M	$-31.11M	$60.00M	$-121.18M	$-253.37M	$229.54M	$-42.93M	$56.59M	$42.19M	$43.20M	$-26.14M	$229.58M	$42.34M	$-36.63M	$-27.34M	$62.54M
Surprise %	-	-	-	-	-0.05%	-32.45%	0.50%	3.62%	0.00%	0.86%	0.14%	2.08%	1.53%	0.65%	0.81%	0.80%	0.36%	0.48%	0.72%	1.73%	0.49%	1.10%	0.65%	1.65%	0.25%	0.40%	1.31%	0.40%	0.49%

12 analysts predict BATRK's average Quarter EBITDA for Dec 22 to be $13.28M, with a high of $15.94M and a low of $10.63M. This is -94.49% lower than Formula One Group's previous annual EBITDA (Sep 22) of $241.00M.

Formula One Group Net Income Forecast

	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Sep 17	Jun 17	Dec 16	Sep 16	Jun 16
# Analysts	15	17	14	20	19	12	19	12	12	18	8	18	18	12	17	7	17	12	16	11	8	7	13	20	9	11	14	12	20
Net Income	-	-	-	-	$-59.00M	$-495.00M	$191.00M	$64.00M	$-13.00M	$-19.00M	$36.00M	$25.00M	$-59.00M	$-31.00M	$-38.00M	$53.00M	$-44.00M	$12.00M	$26.00M	$-71.00M	$18.00M	$41.00M	$-2.00M	$-52.00M	$22.00M	$-2.00M	$-40.00M	$-22.00M	$25.00M
Avg Forecast	$272.73M	$-24.27M	$219.52M	$10.52M	$291.69M	$-19.19M	$234.78M	$11.25M	$311.97M	$-15.17M	$251.10M	$12.03M	$-38.63M	$-47.58M	$-46.92M	$66.25M	$-123.43M	$24.84M	$36.21M	$-40.97M	$36.38M	$37.28M	$-3.09M	$-31.46M	$87.69M	$-5.04M	$-30.53M	$-55.69M	$51.43M
High Forecast	$327.28M	$-19.42M	$263.42M	$12.62M	$350.03M	$-15.35M	$281.73M	$13.50M	$374.36M	$-12.13M	$301.32M	$14.44M	$-30.90M	$-38.06M	$-37.53M	$79.50M	$-98.74M	$29.81M	$43.46M	$-32.78M	$43.66M	$44.74M	$-2.47M	$-25.17M	$105.22M	$-4.03M	$-24.42M	$-44.55M	$61.71M
Low Forecast	$218.18M	$-29.12M	$175.61M	$8.41M	$233.35M	$-23.02M	$187.82M	$9.00M	$249.57M	$-18.20M	$200.88M	$9.63M	$-46.36M	$-57.09M	$-56.30M	$53.00M	$-148.11M	$19.87M	$28.97M	$-49.17M	$29.11M	$29.82M	$-3.70M	$-37.75M	$70.15M	$-6.05M	$-36.63M	$-66.83M	$41.14M
Surprise %	-	-	-	-	-0.20%	25.80%	0.81%	5.69%	-0.04%	1.25%	0.14%	2.08%	1.53%	0.65%	0.81%	0.80%	0.36%	0.48%	0.72%	1.73%	0.49%	1.10%	0.65%	1.65%	0.25%	0.40%	1.31%	0.40%	0.49%

Formula One Group's average Quarter net income forecast for Dec 22 is $-19.19M, with a range of $-23.02M to $-15.35M. BATRK's average Quarter net income forecast represents a -110.04% decrease compared to the company's last Quarter net income of $191.00M (Sep 22).

Formula One Group SG&A Forecast

	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Sep 17	Jun 17	Dec 16	Sep 16	Jun 16
# Analysts	15	17	14	20	19	12	19	12	12	18	8	18	18	12	17	7	17	12	16	11	8	7	13	20	9	11	14	12	20
SG&A	-	-	-	-	$26.00M	$17.00M	$33.00M	$33.00M	$22.00M	$26.00M	$28.00M	$24.00M	$21.00M	$17.00M	-	$22.00M	$27.00M	$26.00M	$24.00M	$30.00M	$32.00M	$33.00M	$30.00M	$23.00M	$61.00M	$29.00M	$16.00M	$18.00M	$19.00M
Avg Forecast	$592.14M	$48.54M	$170.74M	$10.10M	$633.31M	$38.37M	$182.61M	$10.80M	$677.34M	$30.33M	$195.30M	$11.55M	$13.75M	$26.09M	-	$27.50M	$75.74M	$53.82M	$33.43M	$17.31M	$64.68M	$30.01M	$46.29M	$13.91M	$243.13M	$73.08M	$12.21M	$45.56M	$39.09M
High Forecast	$710.57M	$58.25M	$204.88M	$12.12M	$759.97M	$46.05M	$219.13M	$12.96M	$812.80M	$36.40M	$234.36M	$13.86M	$16.50M	$31.31M	-	$33.00M	$90.89M	$64.58M	$40.11M	$20.77M	$77.61M	$36.01M	$55.54M	$16.70M	$291.75M	$87.70M	$14.65M	$54.67M	$46.90M
Low Forecast	$473.72M	$38.83M	$136.59M	$8.08M	$506.65M	$30.70M	$146.08M	$8.64M	$541.87M	$24.27M	$156.24M	$9.24M	$11.00M	$20.87M	-	$22.00M	$60.59M	$43.06M	$26.74M	$13.85M	$51.74M	$24.00M	$37.03M	$11.13M	$194.50M	$58.46M	$9.77M	$36.45M	$31.27M
Surprise %	-	-	-	-	0.04%	0.44%	0.18%	3.06%	0.03%	0.86%	0.14%	2.08%	1.53%	0.65%	-	0.80%	0.36%	0.48%	0.72%	1.73%	0.49%	1.10%	0.65%	1.65%	0.25%	0.40%	1.31%	0.40%	0.49%

Formula One Group's average Quarter SG&A projection for Jun 23 is $10.10M, based on 20 Wall Street analysts, with a range of $8.08M to $12.12M. The forecast indicates a -61.16% fall compared to BATRK last annual SG&A of $26.00M (Mar 23).

Formula One Group EPS Forecast

	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Sep 17	Jun 17	Dec 16	Sep 16	Jun 16
# Analysts	15	17	14	20	19	12	19	12	12	18	8	18	18	12	17	7	17	12	16	11	8	7	13	20	9	11	14	12	20
EPS	-	-	-	-	$-1.11	$-9.71	$-0.42	$1.21	$-0.25	$-0.36	$0.69	$0.48	$-1.13	$-0.61	$-0.75	$1.04	$-0.86	$0.24	$0.51	$-1.39	$0.35	$0.80	$-0.04	$-1.02	$0.45	$-0.04	$-0.82	$-0.45	$0.51
Avg Forecast	$-0.70	$-0.56	$0.24	$0.07	$-0.75	$-0.44	$0.26	$0.07	$-0.80	$-0.35	$0.28	$0.08	$-0.55	$-3.18	$-1.21	$-1.15	$2.16	$-1.66	$1.17	$-0.47	$-2.38	$0.37	$-0.22	$-0.24	$0.28	$0.13	$-0.29	$0.81	$0.14
High Forecast	$-0.56	$-0.44	$0.29	$0.07	$-0.60	$-0.35	$0.31	$0.08	$-0.64	$-0.28	$0.33	$0.09	$-0.44	$-2.54	$-0.97	$-0.92	$2.59	$-1.32	$1.40	$-0.37	$-1.91	$0.45	$-0.17	$-0.19	$0.33	$0.15	$-0.23	$0.97	$0.17
Low Forecast	$-0.84	$-0.67	$0.20	$0.06	$-0.90	$-0.53	$0.21	$0.06	$-0.96	$-0.42	$0.22	$0.06	$-0.66	$-3.81	$-1.45	$-1.38	$1.73	$-1.99	$0.94	$-0.56	$-2.86	$0.30	$-0.26	$-0.29	$0.22	$0.10	$-0.35	$0.65	$0.12
Surprise %	-	-	-	-	1.48%	22.07%	-1.62%	17.29%	0.31%	1.03%	2.46%	6.00%	2.05%	0.19%	0.62%	-0.90%	-0.40%	-0.14%	0.44%	2.96%	-0.15%	2.16%	0.18%	4.25%	1.61%	-0.31%	2.81%	-0.56%	3.61%

According to 19 Wall Street analysts, Formula One Group's projected average Quarter EPS for Sep 22 is $0.26, with a low estimate of $0.21 and a high estimate of $0.31. This represents a -78.51% decrease compared to BATRK previous annual EPS of $1.21 (Jun 22).

Formula One Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SPHR	Sphere Entertainment	$38.01	$54.75	44.04%	Buy
MCS	Marcus	$21.73	$26.00	19.65%	Buy
MSGS	Madison Square Garden Sports	$232.31	$277.00	19.24%	Buy
FWONA	Formula One Group	$85.52	$83.00	-2.95%	Buy

BATRK Forecast FAQ

Is Formula One Group a good buy?

No, according to 2 Wall Street analysts, Formula One Group (BATRK) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of BATRK's total ratings.

What is BATRK's price target?

Formula One Group (BATRK) average price target is $33.5 with a range of $32 to $35, implying a -12.33% from its last price of $38.21. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Formula One Group stock go up soon?

According to Wall Street analysts' prediction for BATRK stock, the company can go down by -12.33% (from the last price of $38.21 to the average price target of $33.5), down by -8.40% based on the highest stock price target, and down by -16.25% based on the lowest stock price target.

Can Formula One Group stock reach $60?

BATRK's average twelve months analyst stock price target of $33.5 does not support the claim that Formula One Group can reach $60 in the near future.

What are Formula One Group's analysts' financial forecasts?

BATRK's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $3.86B (high $4.63B, low $3.09B), average EBITDA is $1.46B (high $1.76B, low $1.17B), average net income is $497.46M (high $606.66M, low $388.26M), average SG&A $862.68M (high $1.04B, low $690.15M), and average EPS is $-1 (high $-0.68, low $-1.31).

Did the BATRK's actual financial results beat the analysts' financial forecasts?

Based on Formula One Group's last annual report (Dec 2022), the company's revenue was $588M, which missed the average analysts forecast of $4.07B by -85.56%. Apple's EBITDA was $66M, missing the average prediction of $1.56B by -95.77%. The company's net income was $-35M, missing the average estimation of $538.81M by -106.50%. Apple's SG&A was $105M, missing the average forecast of $909.11M by -88.45%. Lastly, the company's EPS was $-0.66, missing the average prediction of $-0.91 by -27.47%. In terms of the last quarterly report (Mar 2023), Formula One Group's revenue was $31M, missing the average analysts' forecast of $3.38B by -99.08%. The company's EBITDA was $-47M, missing the average prediction of $970.99M by -104.84%. Formula One Group's net income was $-59M, missing the average estimation of $291.69M by -120.23%. The company's SG&A was $26M, missing the average forecast of $633.31M by -95.89%. Lastly, the company's EPS was $-1.11, beating the average prediction of $-0.75 by 48.00%