News Corp stock (US65249B2088): Morgan Stanley lifts price target

Morgan Stanley raised its News Corp price target to $34 from $32.40 while maintaining an Overweight rating, as reported on May 11, 2026. Macquarie also upgraded the stock to Outperform.

Morgan Stanley has lifted its price target on News Corp (Class B) to $34 from $32.40, keeping its Overweight rating intact, according to a note dated Marketscreener as of May 11, 2026. Separately, Macquarie upgraded News Corp to Outperform from Neutral, raising its target to $29.40 from $27, citing strength in digital real estate, per Marketscreener as of May 11, 2026. News Corp also refined its $1bn share buyback program focused on Nasdaq-listed stock and cancelled 167,946 Class B shares listed on the ASX.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: News Corp
• Sector/industry: Media & Entertainment
• Headquarters/country: United States
• Core markets: US, Australia, UK
• Key revenue drivers: Digital real estate, news, publishing
• Home exchange/listing venue: Nasdaq (NWS)
• Trading currency: USD

News Corp (Class B): core business model

News Corp operates as a global diversified media and information services company, with key assets in digital real estate via REA Group, news and publishing through Dow Jones and The Wall Street Journal, and book publishing under HarperCollins. The Class B shares, traded on Nasdaq under ticker NWS, carry enhanced voting rights compared to Class A shares. This dual-class structure is common in media firms to maintain founder control. The company's model emphasizes subscription revenue, advertising, and transaction fees from property listings, providing resilience amid print declines.

Main revenue and product drivers for News Corp (Class B)

Digital real estate platforms like realestate.com.au and Realtor.com generate the bulk of profits, with strong growth in Australia and the US. News and publishing contributes through WSJ subscriptions and Barron's, while book sales add steady cash flow. In its fiscal 2025 report published in 2025, digital real estate revenue rose 12% year-over-year. Recent analyst upgrades highlight this segment's strength for US investors tracking media transformation.

What do analysts say about News Corp (Class B)?

Analysts maintain a positive outlook, with an average Buy rating and mean price target of $35.20, according to FactSet data cited in reports from Marketscreener as of May 11, 2026 and Marketscreener as of May 11, 2026. Morgan Stanley's adjustment to $34 reflects confidence in earnings growth, while Macquarie's upgrade points to digital momentum.

Consensus views position the stock favorably relative to peers, with attractive valuation metrics like a low PEG ratio noted in recent coverage.

Industry trends and competitive position

The media sector shifts toward digital subscriptions and platforms, where News Corp's REA Group holds a leading position in Australia against competitors like Domain Holdings. In the US, exposure via Move, Inc. taps into a massive housing market relevant to American investors. Print challenges persist, but digital diversification supports stability.

Why News Corp (Class B) matters for US investors

Listed on Nasdaq, News Corp offers US investors direct access to a media conglomerate with significant American operations, including WSJ and New York Post. Its digital real estate arm benefits from US housing trends, providing a hedge against pure-play news volatility. The ongoing $1bn buyback, refined in recent filings to focus on Nasdaq stock, signals capital return commitment, per TipRanks.

Conclusion

News Corp (Class B) draws attention with fresh analyst upgrades from Morgan Stanley and Macquarie, alongside share buyback execution including cancellation of 167,946 ASX-listed Class B shares, as noted by TipRanks. Digital real estate strength underpins optimism, balanced by traditional media risks. Investors monitor upcoming earnings for guidance on capital returns and growth.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.