Wells Fargo cuts Liberty Media stock target from USD 105 to USD 96

Published on 10/01/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Liberty Media stock posted USD 0.02 earnings per share versus USD 0.24 in the second quarter of 2026. Revenue was USD 934 million versus USD 952.78 million.

FWONK, US5312293005, Illustration mit AI erstellt.

Liberty Media (ISIN US5312293005) is facing a lower analyst valuation after Wells Fargo cut its Formula One price target from USD 105.00 to USD 96.00 on September 29, 2026. As Markets Insider reported, analyst Steven Cahall kept an Equal Weight rating and cited persistent Middle East disruption as the reason for the lower target.

Wells Fargo flags Middle East risk

The target reduction puts the latest analyst view below several more optimistic calls. MarketBeat reported that the average analyst target was USD 116.29, with five Buy ratings and three Hold ratings among the analysts it tracked.

The immediate risk is operational as well as valuation-related. Formula One's race calendar and event scheduling affect the timing of season-based revenue, while geopolitical disruption can complicate races and sponsorship activity in the Middle East.

Second-quarter comparison stays difficult

Liberty Media reported USD 934 million of revenue in the second quarter of 2026, below the USD 952.78 million consensus cited by MarketBeat. Earnings per share came in at USD 0.02 versus USD 0.24 expected, creating a clear counterweight to the longer-term growth case.

Barchart said Formula One revenue fell 38 percent year over year to USD 764 million in the second quarter, while Formula One adjusted OIBDA declined 61 percent to USD 139 million. The comparison was affected by five races in the quarter versus nine in the year-earlier period.

FWONK market profile

FWONK had a market capitalization of USD 23.2 billion as of September 30, 2026. Its 52-week range was USD 80.15 to USD 109.36, leaving the stock's valuation debate tied to the pace of race-driven revenue recovery and the risks surrounding international events.