Formula One Group (FWONA) Stock Forecast, Price Target & Predictions
FWONA Stock Forecast
Formula One Group stock forecast is as follows: an average price target of $83.00 (represents a 10.99% upside from FWONA’s last price of $74.78) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
FWONA Price Target
The average price target for Formula One Group (FWONA) is $83.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $83.00 to $83.00. This represents a potential 10.99% upside from FWONA's last price of $74.78.
FWONA Analyst Ratings
According to 4 Wall Street analysts, Formula One Group's rating consensus is 'Buy'. The analyst rating breakdown for FWONA stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 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 30, 2024 | Bryan Kraft | Deutsche Bank | $83.00 | $66.95 | 23.97% | 10.99% |
| Apr 02, 2024 | Bryan Kraft | Deutsche Bank | $73.00 | $57.94 | 25.99% | -2.38% |
The latest Formula One Group stock forecast, released on May 30, 2024 by Bryan Kraft from Deutsche Bank, set a price target of $83.00, which represents a 23.97% increase from the stock price at the time of the forecast ($66.95), and a 10.99% increase from FWONA last price ($74.78).
Formula One Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $78.00 |
| Last Closing Price | $74.78 | $74.78 | $74.78 |
| Upside/Downside | -100.00% | -100.00% | 4.31% |
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 $74.78. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 24, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 09, 2024 | Benchmark | Buy | Buy | Hold |
| May 30, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Jun 15, 2022 | Morgan Stanley | - | Overweight | Upgrade |
Formula One Group's last stock rating was published by Cowen & Co. on Sep 24, 2024. The company gave FWONA a "Buy" rating, the same as its previous rate.
Formula One Group Financial Forecast
Formula One Group Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $887.00M | $3.24B | $381.00M | $754.00M | $715.00M | $744.00M | $360.00M | $787.00M | $668.00M |
| Avg Forecast | $1.85B | $1.07B | $1.51B | $541.95M | $1.76B | $1.03B | $1.46B | $516.52M | $1.67B | $972.26M | $1.37B | $487.75M | $1.67B | $861.26M | $1.24B | $464.39M | $1.42B | $931.20M | $1.00B | $573.19M | $1.26B | $900.21M | $742.00M | $392.84M | $741.35M | $746.17M | $688.90M | $263.11M | $731.17M | $583.88M |
| High Forecast | $1.85B | $1.07B | $1.51B | $541.95M | $1.76B | $1.03B | $1.46B | $516.52M | $1.67B | $972.26M | $1.37B | $487.75M | $1.67B | $861.26M | $1.24B | $464.39M | $1.42B | $931.20M | $1.00B | $573.19M | $1.29B | $900.21M | $742.00M | $392.84M | $741.35M | $746.17M | $688.90M | $263.11M | $731.17M | $583.88M |
| Low Forecast | $1.85B | $1.07B | $1.51B | $541.95M | $1.76B | $1.03B | $1.46B | $516.52M | $1.67B | $972.26M | $1.37B | $487.75M | $1.67B | $861.26M | $1.24B | $464.39M | $1.42B | $931.20M | $1.00B | $573.19M | $1.24B | $900.21M | $742.00M | $392.84M | $741.35M | $746.17M | $688.90M | $263.11M | $731.17M | $583.88M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 4.37% | 0.97% | 1.02% | 0.96% | 1.08% | 1.37% | 1.08% | 1.14% |
Formula One Group's average Quarter revenue forecast for Dec 23 based on 5 analysts is $1.26B, with a low forecast of $1.24B, and a high forecast of $1.29B. FWONA's average Quarter revenue forecast represents a 42.27% increase compared to the company's last Quarter revenue of $887.00M (Sep 23).
Formula One Group EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $209.00M | $424.00M | $108.00M | $160.00M | $161.00M | $158.00M | $114.00M | $-22.00M | $137.00M |
| Avg Forecast | $304.32M | $176.53M | $249.26M | $89.23M | $290.49M | $169.29M | $239.67M | $85.05M | $274.65M | $160.08M | $225.31M | $80.31M | $274.81M | $141.81M | $204.35M | $76.46M | $233.67M | $153.32M | $165.24M | $120.21M | $207.78M | $148.22M | $122.17M | $109.29M | $-155.51M | $122.86M | $113.43M | $43.32M | $120.39M | $96.14M |
| High Forecast | $304.32M | $176.53M | $249.26M | $89.23M | $290.49M | $169.29M | $239.67M | $85.05M | $274.65M | $160.08M | $225.31M | $80.31M | $274.81M | $141.81M | $204.35M | $76.46M | $233.67M | $153.32M | $165.25M | $144.26M | $212.85M | $148.22M | $122.17M | $131.14M | $-124.41M | $122.86M | $113.43M | $43.32M | $120.39M | $96.14M |
| Low Forecast | $304.32M | $176.53M | $249.26M | $89.23M | $290.49M | $169.29M | $239.67M | $85.05M | $274.65M | $160.08M | $225.31M | $80.31M | $274.81M | $141.81M | $204.35M | $76.46M | $233.67M | $153.32M | $165.24M | $96.17M | $204.40M | $148.22M | $122.17M | $87.43M | $-186.61M | $122.86M | $113.43M | $43.32M | $120.39M | $96.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.41% | 3.47% | 0.99% | -1.03% | 1.31% | 1.39% | 2.63% | -0.18% | 1.43% |
5 analysts predict FWONA's average Quarter EBITDA for Dec 23 to be $207.78M, with a high of $212.85M and a low of $204.40M. This is -0.58% lower than Formula One Group's previous annual EBITDA (Sep 23) of $209.00M.
Formula One Group Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $118.00M | $431.00M | $-109.00M | $374.00M | $108.00M | $111.00M | $-35.00M | $-149.00M | $-50.00M |
| Avg Forecast | $237.57M | $111.98M | $122.14M | $14.26M | $223.67M | $105.17M | $115.41M | $11.88M | $207.99M | $96.18M | $104.03M | $9.42M | $207.73M | $71.01M | $124.51M | $-35.24M | $104.85M | $47.79M | $73.74M | $-75.75M | $85.56M | $60.23M | $12.52M | $-68.87M | $-1.05B | $40.54M | $839.70M | $-49.04M | $19.36M | $-4.02M |
| High Forecast | $237.57M | $111.98M | $122.14M | $14.26M | $223.67M | $105.17M | $115.41M | $11.88M | $207.99M | $96.18M | $104.03M | $9.42M | $207.73M | $71.01M | $124.51M | $-35.24M | $104.85M | $47.79M | $73.76M | $-60.60M | $85.56M | $60.24M | $12.52M | $-55.09M | $-842.58M | $40.54M | $1.01B | $-49.04M | $19.36M | $-4.02M |
| Low Forecast | $237.57M | $111.98M | $122.14M | $14.26M | $223.67M | $105.17M | $115.41M | $11.88M | $207.99M | $96.18M | $104.03M | $9.42M | $207.73M | $71.01M | $124.51M | $-35.24M | $104.85M | $47.79M | $73.72M | $-90.90M | $85.56M | $60.22M | $12.52M | $-82.64M | $-1.26B | $40.54M | $671.76M | $-49.04M | $19.36M | $-4.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.96% | 34.42% | 1.58% | -0.36% | 2.66% | 0.13% | 0.71% | -7.70% | 12.43% |
Formula One Group's average Quarter net income forecast for Dec 23 is $85.56M, with a range of $85.56M to $85.56M. FWONA's average Quarter net income forecast represents a -27.49% decrease compared to the company's last Quarter net income of $118.00M (Sep 23).
Formula One Group SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $79.00M | $490.00M | $75.00M | $96.00M | $68.00M | $68.00M | $56.00M | $69.00M | $51.00M |
| Avg Forecast | $208.54M | $120.97M | $170.81M | $61.15M | $199.06M | $116.01M | $164.24M | $58.28M | $188.21M | $109.70M | $154.40M | $55.03M | $188.32M | $97.18M | $140.03M | $52.40M | $160.13M | $105.07M | $113.23M | $70.81M | $142.38M | $101.57M | $83.72M | $64.37M | $487.73M | $84.19M | $77.73M | $29.69M | $82.50M | $65.88M |
| High Forecast | $208.54M | $120.97M | $170.81M | $61.15M | $199.06M | $116.01M | $164.24M | $58.28M | $188.21M | $109.70M | $154.40M | $55.03M | $188.32M | $97.18M | $140.03M | $52.40M | $160.13M | $105.07M | $113.24M | $84.97M | $145.86M | $101.57M | $83.72M | $77.25M | $585.28M | $84.19M | $77.73M | $29.69M | $82.50M | $65.88M |
| Low Forecast | $208.54M | $120.97M | $170.81M | $61.15M | $199.06M | $116.01M | $164.24M | $58.28M | $188.21M | $109.70M | $154.40M | $55.03M | $188.32M | $97.18M | $140.03M | $52.40M | $160.13M | $105.07M | $113.23M | $56.65M | $140.07M | $101.57M | $83.72M | $51.50M | $390.19M | $84.19M | $77.73M | $29.69M | $82.50M | $65.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 5.85% | 1.17% | 0.20% | 0.81% | 0.87% | 1.89% | 0.84% | 0.77% |
Formula One Group's average Quarter SG&A projection for Dec 23 is $142.38M, based on 5 Wall Street analysts, with a range of $140.07M to $145.86M. The forecast indicates a 80.23% rise compared to FWONA last annual SG&A of $79.00M (Sep 23).
Formula One Group EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.50 | - | $-0.47 | $1.50 | $0.46 | $0.48 | $-0.15 | $-0.64 | $-0.22 |
| Avg Forecast | $1.00 | $0.47 | $0.51 | $0.06 | $0.94 | $0.44 | $0.48 | $0.05 | $0.87 | $0.40 | $0.44 | $0.04 | $0.87 | $0.30 | $0.52 | $-0.15 | $0.44 | $0.20 | $0.31 | $0.08 | $0.36 | $0.25 | $0.05 | $-0.07 | $0.11 | $0.17 | $0.07 | $-0.21 | $0.08 | $-0.02 |
| High Forecast | $1.00 | $0.47 | $0.51 | $0.06 | $0.94 | $0.44 | $0.48 | $0.05 | $0.87 | $0.40 | $0.44 | $0.04 | $0.87 | $0.30 | $0.52 | $-0.15 | $0.44 | $0.20 | $0.31 | $0.08 | $0.36 | $0.25 | $0.05 | $-0.07 | $0.11 | $0.17 | $0.07 | $-0.21 | $0.08 | $-0.02 |
| Low Forecast | $1.00 | $0.47 | $0.51 | $0.06 | $0.94 | $0.44 | $0.48 | $0.05 | $0.87 | $0.40 | $0.44 | $0.04 | $0.87 | $0.30 | $0.52 | $-0.15 | $0.44 | $0.20 | $0.31 | $0.08 | $0.36 | $0.25 | $0.05 | $-0.07 | $0.11 | $0.17 | $0.07 | $-0.21 | $0.08 | $-0.02 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.98% | - | 7.19% | 14.13% | 2.70% | 7.08% | 0.73% | -7.87% | 13.02% |
According to 5 Wall Street analysts, Formula One Group's projected average Quarter EPS for Dec 23 is $0.36, with a low estimate of $0.36 and a high estimate of $0.36. This represents a -28.10% decrease compared to FWONA previous annual EPS of $0.50 (Sep 23).
Formula One Group Peer Comparison by Price Target
FWONA Forecast FAQ
Is Formula One Group a good buy?
Yes, according to 4 Wall Street analysts, Formula One Group (FWONA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of FWONA's total ratings.
What is FWONA's price target?
Formula One Group (FWONA) average price target is $83 with a range of $83 to $83, implying a 10.99% from its last price of $74.78. The data is based on 4 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 FWONA stock, the company can go up by 10.99% (from the last price of $74.78 to the average price target of $83), up by 10.99% based on the highest stock price target, and up by 10.99% based on the lowest stock price target.
Can Formula One Group stock reach $110?
FWONA's average twelve months analyst stock price target of $83 does not support the claim that Formula One Group can reach $110 in the near future.
What are Formula One Group's analysts' financial forecasts?
Formula One Group's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.76B (high $4.76B, low $4.76B), average EBITDA is $784.5M (high $784.5M, low $784.5M), average net income is $456.13M (high $456.13M, low $456.13M), average SG&A $537.59M (high $537.59M, low $537.59M), and average EPS is $1.92 (high $1.92, low $1.92). FWONA's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $4.98B (high $4.98B, low $4.98B), average EBITDA is $819.35M (high $819.35M, low $819.35M), average net income is $485.95M (high $485.95M, low $485.95M), average SG&A $561.46M (high $561.46M, low $561.46M), and average EPS is $2.04 (high $2.04, low $2.04).
Did the FWONA's actual financial results beat the analysts' financial forecasts?
Based on Formula One Group's last annual report (Dec 2023), the company's revenue was $22.75B, beating the average analysts forecast of $3.3B by 589.99%. Apple's EBITDA was $570M, missing the average prediction of $587.46M by -2.97%. The company's net income was $563M, beating the average estimation of $89.44M by 529.46%. Apple's SG&A was $3.56B, beating the average forecast of $392.05M by 807.29%. Lastly, the company's EPS was $0, missing the average prediction of $0.6 by -100.00%. In terms of the last quarterly report (Sep 2023), Formula One Group's revenue was $887M, missing the average analysts' forecast of $900.21M by -1.47%. The company's EBITDA was $209M, beating the average prediction of $148.22M by 41.01%. Formula One Group's net income was $118M, beating the average estimation of $60.23M by 95.91%. The company's SG&A was $79M, missing the average forecast of $101.57M by -22.22%. Lastly, the company's EPS was $0.5, beating the average prediction of $0.253 by 97.57%