Raymond James starts News Corp coverage with USD 35 target for News Corp stock

Published on 10/20/2026 at 21:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meeting set for November 5, 2026 with six director votes. News Corp stock costs EUR 27.10 on October 20, 2026 at 9:41 p.m. CEST, while Nasdaq last showed USD 33.28.

Analyst target and reporting date

Raymond James began coverage with a USD 35.00 target and an Outperform rating on October 20, 2026.
News Corp's annual meeting is scheduled for November 5, 2026, with six director elections.
News Corp stock costs EUR 27.10 at Lang & Schwarz on October 20, 2026 at 9:41 p.m. CEST.

Isometrische 3D-Darstellung eines generischen Medienunternehmens mit Druckerei und Büro — News Corp (Class A) US65249B1098: isometrische 3D-Illustration eines generischen Medienverlags mit Druckerei und Büro, Illustration mit AI erstellt.

News Corp (ISIN US65249B1098) received fresh analyst coverage on October 20, 2026, when Raymond James initiated the stock at Outperform with a USD 35.00 price target. The target stands 5.17 percent above the USD 33.28 Nasdaq price used for the comparison. At Lang & Schwarz, the stock was trading at EUR 27.10 on October 20, 2026 at 9:41 p.m. CEST.

Raymond James starts coverage

According to TipRanks on October 20, 2026, analyst Brent Penter said News Corp's businesses support the new rating and target. The note covered Dow Jones, Digital Real Estate Services, Book Publishing and News Media, while describing the stock as trading at a 37 percent discount under Raymond James's sum-of-the-parts valuation.

The same report pointed to recurring digital revenue and higher-margin businesses as important contributors to the investment case. It also said the firm expects adjusted EBITDA growth ranging from high single digits to low double digits, a forward-looking assessment rather than a reported result.

Stock remains below its yearly high

News Corp's Nasdaq quote was USD 33.28 at 3:45 p.m. ET on October 20, 2026. The stock's 52-week range was USD 25.49 to USD 35.76, placing the latest quote 6.93 percent below the upper end of that range. The market capitalization was USD 17.9 billion on the same date.

Annual meeting set for November 5

News Corp's annual meeting is scheduled for November 5, 2026, according to the company's proxy filing carried by StockTitan. The agenda includes six director elections and votes on executive compensation and the selection of Ernst & Young for fiscal 2027. Holders of Class B common stock recorded on September 10, 2026, are entitled to vote.

The filing also reported fiscal 2026 revenue of USD 9.03 billion, up 7 percent from USD 8.45 billion in fiscal 2025. Net income from continuing operations rose 15 percent to USD 743 million from USD 648 million, while operating cash flow increased 26 percent to USD 1.24 billion.

Investor view centers on execution

The new USD 35.00 target places attention on whether News Corp can sustain growth in its digital real estate and Dow Jones businesses while improving the contribution from recurring revenue. The annual meeting provides the next dated corporate checkpoint, while the latest reported figures give investors a baseline for assessing the analyst's valuation framework.

Price and valuation

News Corp was valued at USD 17.9 billion on October 20, 2026, with a price-to-earnings ratio of 32.33. The Nasdaq quote of USD 33.28 stood above the 52-week low of USD 25.49 and below the 52-week high of USD 35.76. At Lang & Schwarz, News Corp was trading at EUR 27.10 on October 20, 2026 at 9:41 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of News Corp stock.