Fox Corporation stock potential remains mixed amid strong earnings and rising costs
Fox Corporation remains a key player in U.S. media
As of March 31, 2025, Fox Corporation Class A shares (NASDAQ:FOXA) are trading at $54.73.
This represents a strong recovery from the stock’s 52-week low of $30.02, approaching the upper end of its 52-week high at $58.74. The recent price action shows signs of consolidation, with average daily volumes around 3.15 million, slightly under the 50-day moving average of 3.79 million shares. This suggests a pause in bullish momentum but not a complete reversal.
The stock is currently above its 50-day simple moving average (SMA) of $53.39, indicating short-term bullish momentum. However, it still lags behind the 200-day SMA of $55.00, meaning that from a longer-term perspective, FOXA remains in a transitional phase. Sustained movement above the 200-day average would be needed to confirm a full bullish reversal.
FOXA stock price dynamics (January 2025 - March 2025). Source: TradingView.
Support is clearly established at $53.00, with a stronger floor at $50.00. Resistance is evident at $56.00, and the recent high of $58.74 serves as a key breakout point. The Relative Strength Index (RSI) stands at 55, which is in the neutral zone — neither indicating an overbought nor oversold condition. Momentum oscillators remain stable, suggesting a wait-and-see attitude from traders. Volatility has slightly decreased, with the Bollinger Bands tightening, hinting at an upcoming move in either direction.
Recent developments
Fox Corporation remains a key player in U.S. media, with operations spanning news, sports, and entertainment via assets such as FOX News, FOX Sports, and Tubi. The company’s most recent earnings report showed strong results, with earnings per share (EPS) of $0.96 beating the consensus forecast of $0.62. Revenues also surged 19.9% year-over-year, reflecting robust advertising performance and a rebound in live event viewership.
However, despite these results, analysts have flagged upcoming headwinds. Notably, Goldman Sachs revised its fiscal Q3 EBITDA forecast for FOX downward from $818 million to $753 million. This adjustment is attributed to elevated post-election news gathering costs and the expected hit from broadcasting Super Bowl LVIII, which, while a revenue driver, also adds substantial one-off expenses. The market has priced in some of these concerns, contributing to the current consolidation phase.
Analyst sentiment remains mixed, with a consensus rating of "Hold" from 18 analysts. Price targets vary widely, from $38.00 on the low end to $63.00 on the high end, with the average sitting at $51.13. This average target implies a modest downside from current levels, suggesting that most analysts expect the stock to trade range-bound unless new catalysts emerge.
Price scenarios
Based on the current chart structure and macro news backdrop, FOXA is likely to remain in a sideways trading pattern in the short term, with a bias toward retesting key resistance levels. If the stock can hold above $53.00, a retest of the $56.00 resistance area is probable. A breakout above $58.74 would open the path toward the $60.00 psychological level.
Conversely, if FOXA fails to hold $53.00, downside risk to $50.00 becomes elevated. A break below this support could see the stock revisit the mid-$40s. Given the mixed outlook and approaching earnings season, traders may prefer to stay on the sidelines or use options strategies to hedge exposure.
Last week, Fox Corporation’s Class A shares (NASDAQ: FOXA) closed at $54.92, near their 52-week high of $58.74. Despite the slight pullback, the stock remained in a bullish trend, supported by strong six-month momentum and sustained investor confidence.
